After a challenging year in 2023, Vietnam's economy has shown signs of positive recovery in 2024, thanks to decisive, dynamic and effective actions and directions by the Vietnamese Government, according to Prof. Chu Hoang Long, Director of the Vietnam Policy Research Centre at the Australian National University.

The third quarter (Q3) profit picture shows a positive recovery for seafood companies, coupled with increasing export expectations in the year-end period, indicating that the industry is entering a new growth cycle.

Exporters should further strengthen trade connections and improve the quality of their goods to sustain export growth to China as this is no longer a "lenient" market, said insiders.