With an export turnover of 10 billion USD, the seafood industry has reached an impressive finish line in the difficult context of 2024. However, this industry still faces many challenges, especially the double-digit growth target according to the development strategy until 2030.
Impressive results
According to the Association of Processing and Seafood export Vietnam (VASEP), 2024 with many difficulties and challenge from the impact of inflation, increased production costs, scarce raw materials for export, international competition, climate change... but the industry Vietnam seafood With many efforts, we have achieved encouraging export results.
Specifically, the country's seafood exports reached 10 billion USD, an increase of nearly 13% compared to 2023. Of which, some products have high export value such as shrimp 4 billion USD (up nearly 17%); pangasius 2 billion USD (up more than 9%); tuna 1 billion USD (up 17%); squid and octopus over 600 million USD...
Mr. Nguyen Hoai Nam - Deputy Secretary General of VASEP - said that although the seafood export results in 2024 are impressive, the Vietnamese seafood industry still faces many challenges. challenge large in the context of rapid and uncertain global change. In the past 5-6 years, seafood exports have only been around 8-10 billion USD/year (except for 2022), while according to the industry development strategy to 2030, target The target is 14-16 billion USD, which means maintaining a growth rate of 10-15%/year.
Mr. Ho Quoc Luc - Chairman of the Board of Directors of Sao Ta Food Joint Stock Company, Soc Trang - said that although optimistic figures such as increased shrimp and fish production, increased processing and leading to increased export turnover, this joy is not complete because there are still many challenges. In particular, the two main products are shrimp and Pangasius Both have problems with breeds, shrimp need breeds that are more resistant to disease, pangasius need breeds that have a higher recovery rate of commercial fish.
According to Mr. Luc, the fluctuating price of commercial shrimp has caused many shrimp businesses to face difficulties. Businesses that have a sustainable strategy and a suitable strategy for each step can still hold out and make a profit. Any business that is negligent will immediately fall into a difficult situation, regardless of whether it is small or large...
Need motivation for growth
Global seafood consumption growth is forecast to only reach 5-6%/year while Vietnam's seafood industry is at a disadvantage. growth target Double-digit exports. VASEP Deputy Secretary General Nguyen Hoai Nam said that to achieve this goal, the industry must not only try to maintain market share and increase value-added processing content, but also research to have a new, suitable growth model.
Motivating farmers and fishermen to cultivate and exploit is a core issue, because raw materials for export and consumption are vital and a prerequisite for growth. According to Mr. Nam, farmers and fishermen are a large force participating in the industry, but many of them still face difficulties and shortcomings. How can fishermen, in addition to complying with legal regulations (including IUU), be motivated to exploit the sea, reinvest to go offshore, and farmers have new motivation to invest and increase aquaculture activities both on land and at sea?
To motivate businesses, VASEP representatives recommended that the Government and ministries focus on economic diplomacy, bilateral negotiations and targeted trade promotion activities in key markets. market important to unlock the advantages for Vietnamese seafood. Continue to promote export credit and agricultural insurance. Improve the business environment, simplify administrative procedures, digital transformation...
Mr. Phung Duc Tien - Deputy Minister of Agriculture and Rural Development (MARD) - said that 2025 will continue to pose new challenges for the seafood industry such as the IUU yellow card, climate change, environmental pollution, market barriers... Improving product quality and improving the reputation of enterprises will help increase market share, affirming the position of Vietnamese seafood in the international market.
According to Mr. Tien, to achieve the goal of surpassing the 10 billion USD mark, reaching 11 billion USD in 2025, in addition to the responsibility of the Ministry, localities, the role of VASEP, the business community, farmers and fishermen in the industry must do a good job of mobilizing and propagating the strict implementation of the regulations in the Fisheries Law and guiding documents. Especially related to regulations on the use of chemicals, antibiotics, food safety, application of technology in the production and processing chain towards circulation, emission reduction, environmental protection...
The Deputy Minister of Agriculture and Rural Development also noted that to continue expanding the market, in addition to the markets of China, the US, Japan, the EU... it is necessary to focus on exporting to Halal and Middle Eastern markets... Promoting links between units participating in the production chain to improve quality, ensure traceability, increase the proportion of exports of value-added products...
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