Eleven-month seafood export almost reaches 9.2 billion USD
Vietnam's seafood industry is riding a wave of success, with November exports reeling in an impressive 924 million USD, a 17% annual increase, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
HCM City (VNA)💛 – Vietnam's seafood industry is riding a wave of success, with November exports reeling in an impressive 924 million USD, a 17% annual increase, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
Total earnings in the 11-month period came close to 9.2 billion USD, an 11.5% year-on-year surge, putting the country on track to meet its 10 billion USD export target for 2024.
Shrimp exports are set to top 4 billion USD by year-end, while other key seafood products like tra fish and tuna also posted robust growth. The export value of mollusks, in particular, skyrocketed by 180%.
In addition, the domestic seafood industry is actively boosting the processing and export of by-products such as fish meal, said VASEP Communications Director Le Hang.
In the first 10 months of this year, fish meal netted 220.4 million USD, with full-year earnings projected at 264 million USD. China, consuming nearly 90% of Vietnam's fish meal exports, solidifies its position as the primary destination.
China (including Hong Kong) has eclipsed the US as Vietnam’s largest seafood importer, with a remarkable 61% growth in November. This pushed the cumulative import value for the first 11 months to over 1.7 billion USD, an annual 19% rise.
The US market spent 1.67 billion USD on Vietnamese seafood in the 11-month period with a 21% increase in November. Despite looming US tariffs, the outlook for December remains buoyant.
Hang expressed confidence that Vietnam will achieve its 10 billion USD export goal for aquatic products in 2024, an 11.5% increase from 2023. Shrimp and tra fish remain the industry's backbone, with an optimistic forecast for seafood exports in 2025 despite challenges from international trade policies./.
The electronic catch documentation and traceability system (eCDT) is an application, or app, to monitor and ensure transparency and legality in certifying the origin of domestic fishing to satisfy the European Commission (EC)’s requirements.
The third quarter (Q3) profit picture shows a positive recovery for seafood companies, coupled with increasing export expectations in the year-end period, indicating that the industry is entering a new growth cycle.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
