The Vietnam Fisheries International Exhibition - Vietfish held in August drew considerable interest from international buyers, signaling a promising outlook for aquatic product exports.

Vietnam Association of Seafood Exporters and Producers said it remains optimistic about ample opportunities for seafood exports in the remainder of the year.

The shift in US orders and favourable conditions for exports to China, coupled with decreasing freight costs compared to early 2024, are all set to reduce expenses and allow firms to focus more confidently on end-of-year orders.

Additionally, forecasts of a global shrimp production decline in 2024 are expected to drive up shrimp prices, benefiting domestic shrimp exporters.

In August alone, aquatic product exports surged by 20%, reaching nearly 953 million USD. This impressive performance brought the eight-month total to some 6.3 billion USD, marking a 9% increase year on year.

All key export products saw significant growth, with shrimp leading the way at a 30% increase, followed by tra fish at 18%, tuna 13%, and other marine fish 12%./.

Source: Vietnam Plus

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