Seafood exports fetch US$5.7 billion in ten months

                                               Illustrative image (Photo: VNA)

Vietnam’s seafood revenues in July reached US$687 million, pushing the total figure in the first ten months of this year up to US$5.7 billion, a year-on-year increase of 5.9%, reported the Ministry of Agriculture and Rural Development.

The US, Japan, China and the Republic of Korea were the four leading markets for Vietnamese seafood, while the highest surge was seen in the Chinese market at 51.1%, followed by the Netherlands at 14.4%, the US at 14.3% and Thailand at 10.8%.

The Vietnam Association of Seafood Exporters and Producers (VASEP) stressed the need to strengthen food safety controls on seafood for export as well as to assess and classify import enterprises to be prioritised in quarantine exemptions and reductions.

At the same time, it was necessary to evaluate the effects of saltwater intrusion in the Mekong Delta region to apply measures to balance three factors: the breeding season, production varieties and feed production, the association advised.

VASEP also underscored the need for investment and support in offshore fishing and storage to increase productivity and profits for fishermen and provide sufficient materials for export, together with enhancing trade promotion and seeking new markets.

Earnings from Tra fish exports are expected to increase 5% to reach US$1.6-1.7 billion in 2016, according to VASEP./.

Source: NDO