Fishery exports projected to near 8.9 billion USD this year
Shipments of fishery products are estimated to rake in 8.89 billion USD in 2021, posting a year-on-year rise of 5.7 percent, said Nguyen Quang Hung, deputy head of the Ministry of Agriculture and Rural Development’s Directorate of Fisheries.
Workers at a tra fish processing factory in Dong Thap (Photo: VNA)
Hanoi (VNA) - Shipments of fishery products are estimated to rake in 8.89 billion USD in 2021, posting a year-on-year rise of 5.7 percent, said Nguyen Quang Hung, deputy head of the Ministry of Agriculture and Rural Development’s Directorate of Fisheries.
The Directorate has kept a close watch on production at localities, promptly reported to the Ministry and devised measures in a flexible and suitable manner.
It also worked to arrange workshops to address bottlenecks and promote production so as to maintain the supply chain in 2021 and the upcoming year.
Demand for shrimp imports was on the rise this year, notably in major markets of Europe, the US, Japan, China and the Republic of Korea (RoK).
Free trade agreements have helped ensure stability in Vietnam’s shrimp production and processing, contributing to the sector’s growth.
Many Vietnamese exporters were allowed to ship tra fish (pangasius) to the US.
More firms received permission to export products to other leading markets of Russia, the RoK and China this year.
Of note, nearly 780 out of about 900 fishery companies of Vietnam are eligible to ship their products to the Chinese market, signalling a rosy prospect for the sector in 2022./.
Vietnam’s seafood exports continued falling 23 percent in September, following a significant decline of 36 percent in August, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
The value of agro-forestry-fishery exports reached over 4.1 billion USD in November alone, which was conducive to a hope for the exports to obtain over 47 billion USD for the entire year.
There is one month to go before year-end but 11-month agro-forestry-fishery exports have almost hit the annual target for 2021, reaching nearly 43.5 billion USD, an all-time high that far exceeds 2020.
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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.
Workers at a tra fish processing factory in Dong Thap (Photo: VNA) 
