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| Vietnam's aquatic exports reached USD 10 billion in 2024, driven by shrimp and pangasius.__Photo: VNA |
Vietnam's aquatic exports reached USD 10 billion in 2024, driven by shrimp and pangasius, despite challenges related to markets, logistics, and raw materials, the Vietnam Association of Seafood Exporters and Producers (VASEP) said on December 23.
Shrimp and pangasius accounted for 60 percent of the total revenue, with shrimp shipments climbing 16.7 percent to USD 4 billion and pangasius increasing 8.9 percent to USD 2 billion compared to 2023. Tuna exports, despite raw material shortages, hit USD 1 billion, an 18 percent year-on-year rise. Other fish contributed USD 1.9 billion, while squid and octopus generated USD 662 million.
VASEP Chairwoman Nguyen Thi Thu Sac said the industry aimed to recover export revenue to USD 10 billion in 2024 amid stabilizing inflation in major markets and a slowly recovering global economy.
Despite these hurdles, the domestic aquatic sector demonstrated resilience, adaptability, and determination, Sac added. As the world's third-largest seafood exporter - trailing only China and Norway - Vietnam is firmly on the path to sustainability in the industry.
The results provide a solid foundation for Vietnam’s seafood industry to anticipate even greater growth in 2025 and beyond.
Deputy Minister of Agriculture and Rural Development Phung Duc Tien also affirmed Vietnam's position on the global seafood map, noting that the industry would face new challenges in 2025, including the European Commission’s “yellow card” warning against illegal, unreported, and unregulated (IUU) fishing, climate change, environmental pollution, and market barriers.
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| Deputy Minister of Agriculture and Rural Development Phung Duc Tien speaks at the event__Photo: VNA |
However, there are reasons for optimism, such as improved raw material supplies and expanding export markets. Vietnamese seafood companies are increasingly showcasing their capabilities in advanced processing and high-quality production, laying the foundation for the sector to exceed USD 10 billion in 2025, toward the goal of USD 11 billion, the official said.- (VNA/VLLF)
