Vietnam's seafood industry is on a roll, with export momentum propelling it toward the 10 billion USD target for 2024, laying robust groundwork for 2025.
The seafood industry grew rapidly in the third quarter of last year, but there are signs of a slowdown in the fourth quarter and it is expected to continue this year, particularly in large markets.
Vietnam's seafood export value is expected to slow growth to 3 billion USD in the third quarter due to a lack of raw materials and disadvantages in the market in the second half.
Shipments of seafood products are expected to bring home more than 8.7 billion USD in 2021, according to the General Statistics Office and the Ministry of Industry and Trade
According to VASEP, from now until the end of the year, seafood production and export will recover slowly and continue to face difficulties because of the shortage of raw materials and labor;