Seafood exports accelerate to reach 10 billion USD mark

According to seafood businesses, the year-end holiday seasons are expected to create a boost in exports in the remaining months of 2024.

Last October, the monthly turnover of Fisheries industry reached 1 billion USD. After more than 2 years, we have this number again. According to businesses, the market is gradually warming up, orders are increasing again, especially the year-end holiday season... will be an opportunity for exports to explode. Businesses in the seafood industry are very confident that this year's export target will be higher than the set target.

Crispy fried shrimps of Vietnam Clean Seafood Joint Stock Company are being prepared for export to Europe. To soon reach sales of 110 million USD, an increase of about 20% compared to 2023, the company is promoting deep processing and diversifying consumption channels.

An My Seafood Import-Export Joint Stock Company hopes that solutions such as diversifying products and promoting new markets can help soon achieve 10% export growth.

Xuất khẩu thủy sản tăng tốc để cán mốc 10 tỷ USD - Ảnh 1. — Last October, the monthly turnover of the seafood industry reached 1 billion USD. Illustrative photo.

The two major markets, China and the United States, have played an important role in bringing seafood export Vietnam is back on track for growth - with an increase of more than 30% in the past month. In the first 10 months of this year, seafood exports reached 8.27 billion USD.

According to businesses, the year-end holiday season is expected to create a boost in exports in the remaining months of 2024.

Mr. Truong Dinh Hoe - General Secretary of the Vietnam Association of Seafood Exporters and Producers said: "Consumers are starting to spend more. There are also signs of more orders during the year-end festival, on that basis we also have a stable number of orders."

Favorable markets are also one of the reasons for the positive growth of Vietnamese seafood. The seafood industry needs to continue to make efforts to improve quality and diversify markets to help businesses compete effectively in traditional markets and seize opportunities from emerging markets. Vietnamese seafood is confident in its target of 10 billion USD this year.

Source