Export of farmed fish fetches nearly 3.1 billion USD
Export of famed fish brought home nearly 3.1 billion USD in the first six months of the year, a year-on-year surge of 3.8 percent, according to the VASEP.
Hanoi (VNA) – Export of famed fish brought home nearly 3.1 billion USD in the first six months of the year, a year-on-year surge of 3.8 percent, according to the Vietnam Association of Seafood Expor✱ters and Producers (VASEP).
China, Japan, the Republic of Korea and the US remained the leading importers of the country’s farmed fish.
However, prices of material tra fish in the home market fluctuated at 19,000 VND-20,500 VND per kilo - its lowest level ever recorded. No new orders from the main markets like the US and the EU hints sluggish consumption for Vietnamese tra fish in the coming time.
Meanwhile, prices for material shrimp were stable despite limited supply stemming from unfavourable weather conditions.
Vietnam’s combined agro-forestry-fishery export turnover was estimated at 15.05 billion USD in the first six months of 2016, up 5.4 percent from one year ago, the Ministry of Agriculture and Rural Development said.
Of the total figure, farm produce exports were valued at 7.32 billion USD, a 5.1 percent increase against the same period last year while export value of forestry products in the period suffered a slight yearly downturn of 0.1 percent to 3.33 billion USD.
In June, the agro-forestry-fishery sector earned an export revenue of 2.5 billion USD.-VNA
Agro-fishery-forestry exports were estimated at 6.73 billion USD in Quarter 1, a year-on year increase of 3.1 percent, according to the Ministry of Agriculture and Rural Development.
The total agro-forestry-fishery export turnover in the first five months of this year is estimated to reach 12.18 billion USD, a year-on-year increase of 4.9 percent.
Total export value of Tra fish reached 616 million USD in the first six months of this year, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
Vietnam’s combined agriculture-forestry-fishery export turnover reached 15.05 billion USD in the first six months of 2016, up 5.4 percent from one year ago.
The export revenue of timber and woodwork products is projected to reach 7.4 billion USD, 200 million USD less than the target set for the sector this year.
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The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
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A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
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The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Tra fish processing for exports (Photo:VNA)
