Fishery export completely recovers after COVID-19: official

Illustrative image (Source: VNA)

Hanoi (VNA) – Vietnam’s fishery export has completelyrecovered after the COVID-19 pandemic, reeling in 10 billion USD as of Novemberthis year, said General Secretary of the Vietnam Association of SeafoodExporters and Producers (VASEP) Truong Dinh Hoe.

The figure was a record that the sector has achieved afterover two decades joining the global market, he noted, adding that the exportvalue is projected to hit 11 billion USD in 2022.

In the 11-month period, most of aquatic products posteddouble-digit growth in export, at between 18% and 77%. Notably, shrimps andTra fish earned 4.3 billion USD and more than 2 billion USD,up 30% and over 80% annually, respectively. Meanwhile, the turnover of tunaexceeded 1 billion USD for the first time.

Illustrative photo (Source: VNA)

Hoe attributed the remarkable growth to Vietnam’s activenessregarding materials and production.

He suggested setting an export target of 20 billion USD in the time to come, given the world’s tremendous demand.

However, VASEP also forecast challenges facing the sector inthe time to come, as the global economy is entering a phase of slowdown and increasinginflation. The sector is likely to experience higher inventory level and fiercecompetition from competitors offering low cost and prices like India andEcuador./.  

VNA