Vietnam targets 10 billion USD from aquatic product exports in 2019
Minister of Agriculture and Rural Development Nguyen Xuan Cuong has called for more efforts to push aquatic product export turnover to 10 billion USD in 2019.
Hanoi (VNA) - Minister of Agriculture andRural Development Nguyen Xuan Cuong has called for more efforts to push aquaticproduct export turnover to 10 billion USD in 2019.
Addressing a recent conference to review the sector’s performance in 2018 andlaunch tasks for 2019, Minister Cuong asked the sector to increase its productionvalue by 4.25 percent with total productivity of 7.9 million tonnes.
Besides, the Directorate of Fisheries was requested to focus on implementingthe Law on Fisheries and developing the sector in line with planning.
In 2018, export turnover of aquatic products hit 9 billion USD, a year-on-year increaseof 8.4 percent.
Deputy Minister of Agriculture and Rural Development Phung Duc Tien saidVietnam recorded its highest fishery production ever in 2018 with 7.74 milliontonnes, up 7.2 percent year-on-year.
Export revenue of tra (pangasius) fish saw breakthroughgrowth, hitting 2.26 billion USD, up 26.4 percent.
Exports of seafood also strongly increased, with tuna shipments reaching 675million USD (up 13.9 percent), other fish groups - 1.52 billion USD (up 15.5percent), and the molluscous group – 785 million USD (up 9.1 percent).
Tran Dinh Luan, Vice General Director of the Directorate of Fisheries said Vietnam’saquaculture area in 2018 was 1.3 million hectares, up 6 percent.
2018 was a prosperous year for the Vietnamese tra fish industry,with its cultivation area hitting 5,400 ha, up 3.3 percent compared to 2017.
Farming areas and processing plants of tra fish in Vietnam have received praisefrom inspection delegations from the US Department ofCommerce, making it easier for the products to access the US market.
For the shrimp industry, in the context of a sharp drop in material shrimpprice in late May, the Directorate of Fisheries recommended shrimp farmerscomply with technical standard and took to value chains to reduce risks.
Regarding offshore fishing, Vietnam has 95,847 fishing ships, with 98.6 percentwooden-shell fishing vessels. A total 82 fish ports are operating in 27 coastalprovinces and cities nationwide, while 58 storm shelter areas were built in 24provinces and cities with maximum capacity of 42,464 fishing boats. - VNA
Export revenue of aquatic products in August hit 739 million USD, pushing total earnings in the first eight months of 2018 to 5.5 billion USD, up 5.3 percent year on year, reported the Ministry of Agriculture and Rural Development (MARD).
Vietnam’s aquatic products are forecast to bring home 9 billion USD from exports in 2018, up 7 percent from the previous year, said the Vietnam Association of Seafood Exporters and Producers (VASEP).
Vietnam exported 7.24 billion USD worth of aquatic products in the past 10 months, up 6.2 percent year-on-year, reported the Agro Processing Market Development Authority (Agrotrade) under the Ministry of Agriculture and Rural Development.
Vietnam’s aquatic product export was estimated to hit 7.24 billion USD in the past 10 months, up 6.2 % year-on-year. Export of the product is projected to reach 8.9 billion USD this year.
The new Government decree also simplifies loan procedures while expanding credit incentives to include organic and circular agriculture, allowing them to access preferential terms similar to those of high-tech and value-chain based agricultural production.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
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.
Illustrative image (Source: VNA) 
