Vietnam's aquatic exports are on track to reach 10 billion USD in 2024, according to the Vietnam Association of Seafood Exporters and Producers.

Although the aquaculture industry have been facing many challenges, it continues to receive support from the Government, Director in charge of communications of the Vietnam Association of Seafood Exporters and Producers (VASEP) Le Hang told Lao dong newspaper.

Despite a sharp fall in exports before the end of 2022 due to global inflation, tuna still brought home 1 billion USD in revenue last year, up 34% from 2021, becoming a billion-dollar commodity for the first time, data showed.

Vietnam raked in 9.5 billion USD from exporting aquatic products in the first 10 months of 2022, up 34% year-on-year, the Vietnam Association of Seafood Exporters and Producers (VASEP) reported.

Vietnam raked in an estimated 4.5 billion USD from exporting aquatic exports in the first five months of 2022, up over 44.5 percent over the same period last year, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

Vietnam earned 3.57 billion USD from aquatic exports in the first four months of 2022, posting a year-on-year increase of 43.7 percent, according to the Ministry of Agriculture and Rural Development.

Vietnam’s aquatic export is hoped to hit 9 billion USD in 2021 thanks to the recovery of consumption in key markets such as the US, the European Union (EU), and other potential markets.

The export of aquatic products to the United States posted a sharp growth in the past three months despite the adverse impact of the COVID-19 pandemic on the global economy.

The Mekong Delta province of Kien Giang earned over 107 million USD from exports in the first quarter of this year, or 15.8 percent of the yearly plan, down 20.1 percent year-on-year.

China is projected to become Vietnam’s leading seafood importer from this year’s second quarter with growth of 37 percent, said Deputy Minister of Agriculture and Rural Development Tran Thanh Nam.

In 2018, aquatic export will continue growing, hope to exceed 8.5 billion USD, up 3 percent from 2017.