Aquatic exports expected to reach US$10 billion

HANOI, 2nd November, 2023 (WAM) -- Vietnam’s aquatic product exports are expected to hit US$10 billion this year, the state news agency (VNA) quoted experts as saying.

The country’s major markets, like the US, Japan and the Republic of Korea, are recovering, with the most positive signs seen in tra (pangasius) fish exports, according to Deputy Minister of Agriculture and Rural Development Phung Duc Tien.

The Vietnam Association of Seafood Exporters and Producers (VASEP) said tra fish exports in September recorded positive growth for the first time since the beginning of this year, at 1% year-on-year compared with sharp decreases previously.

Apart from the EU with double-digit growth in the month, members of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), such as Japan, Mexico and New Zealand, also reported hikes in this regard, ranging from 10% to 70%.