Vietnam: Aquatic exports hit 10 billion USD

Vietnam's aquatic exports reached 10 billion USD in 2024, with shrimp and pangasius making up 60% of the revenue. The industry aimed to recover export revenue to 10 billion in 2024, showing resilience and determination. The sector aims to exceed 10 billion USD in 2025, toward the goal of 11 billion USD, despite challenges such as the European Commission’s "yellow card" warning against IUU fishing, climate change, environmental pollution, and market barriers. Vietnamese seafood companies are showcasing their capabilities in advanced processing and high-quality production.

Vietnam's aquatic exports reached 10 billion USD in 2024, driven by shrimp and pangasius, despite challenges related to markets, logistics, and raw materials, the Vietnam Association of Seafood Exporters and Producers (VASEP) said on December 23. Shrimp and pangasius accounted for 60% of the total revenue, with shrimp shipments climbing 16.7% to 4 billion USD and pangasius increasing 8.9% to 2 billion USD compared to 2023. Tuna exports, despite raw material shortages, hit 1 billion USD, an 18% year-on-year rise. Other fish contributed 1.9 billion USD, while squid and octopus generated 662 million USD. VASEP Chairwoman Nguyen Thi Thu Sac said the industry aimed to recover export revenue to 10 billion in 2024 amid stabilising inflation in major markets and a slowly recovering global economy. Despite these hurdles, the domestic aquatic sector demonstrated resilience, adaptability, and determination, Sac added. As the world's third-largest seafood exporter—trailing only China and ...