Facing numerous challenges, Vietnam does not expect a rebound in seafood exports until fourth quarter

Rising shipping costs, trade defence lawsuits and the European Commission’s yellow card on illegal, unreported and unregulated fishing (IUU) are having a strong impact on Vietnamese seafood exporters.

Seafood exports expand 38% in nine months

Seafood exports rose 38% year-on-year in the first nine months of 2022 to 8.53 billion USD, according to the General Statistics Office.

Vietnam’s aquatic exports to Russia record strong rebound

Vietnam’s seafood exports to Russia have sharply recovered after many months of interruptions due to the impacts of the Russia-Ukraine conflict, surging 36% in July and 98% in August, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

Vietnam’s seafood exports enjoy strong surge despite challenges

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).

Seafood exports expected to reach 12 billion USD by 2025

The Vietnam Association of Seafood Producers and Exporters orecasts that seafood exports would increase by an average of 7% yearly between 2021 and 2025, reaching USD 12 billion in 2025.
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