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Sorting out seafood products. (Photo: Terje Engoe/Copyright: FIS)
Seafood exports expected to grow by 18 pct this year
(VIET NAM, 12/13/2017)
Vietnamese seafood export value is expected to grow by 18 per cent from 2016, to USD 8.3 billion this year, according to forecasts of the Viet Nam Association of Seafood Exporters and Producers (VASEP).
Statistics released by the association showed that in the first 11 months of the year, the country’s seafood export turnover was estimated at more than USD 7.6 billion, representing an increase of 18 per cent year-on-year, Viet Nam News reported.
In November alone, export turnover rose by 11 per cent from the previous month to reach USD 733 million.
As regards shrimp exports, in the January-November period their turnover increased by 22 per cent, to USD 3.5 billion, from the corresponding period last year.
The revenue from sales of catfish abroad experienced a 5 per cent year-on-year rise to USD 1.6 billion. The product’s turnover this year is expected to reach USD 1.8 billion, or a 4 per cent increase from last year.
Tuna exports grew in value by 19 per cent from the same period last year, to USD 541 million, and is predicted to earn USD 600 million this year.
Exports of squid and octopus reached USD 565 million, representing a 48 per cent growth, and are expected to reach over USD 600 million, up 37 per cent over 2016.
The market has seen slow growth in recent months. VASEP predicts that seafood exports to the European Union (EU) are forecast to continue reducing this month due to the effects of the EU’s warning about illegal, unreported and unregulated (IUU) fishing.
The Ministry of Agriculture and Rural Development has reported that the aquaculture output in November was 345,000 tonnes, bringing the total output in 11 months to 3.51 million tonnes, up 8 per cent from the same period last year.
Catfish aquaculture area in the Mekong Delta region in the first 11 months of the year also rose by 2 per cent from last year to 5,822ha, and the output reached over 1.2 million tonnes.
Shrimp aquaculture area also continued to increase to 562,000ha and its volume hit 237,600 tonnes.
Meanwhile, tuna catches in the three central provinces of Binh Dinh, Khanh Hoa and Phu Yen caught 17,390 tonnes, with highest catch recorded in Binh Dinh province (9,700 tonnes).
editorial@seafood.media
www.seafood.media
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