Aquaculture export looks to set new record
VGP – Thanks to favorable consumption markets, robust development of cultivation, catches, and processing, aquaculture export was forecast to set a new record in 2018.
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The Viet Nam Association of Seafood Exporters and Producers (VASEP) attributed the good outcome to the robust growth of key exports especially shrimp which grew 21% and earned US$ 3.8 billion in export turnover or up 46% of the total.
Out of 167 export markets, almost all markets witnessed impressive figures. Especially, the EU market picked up 21%, leaving the U.S. behind to become the biggest importer of Vietnamese aquaculture. In China, Vietnamese aquaculture export ranked fourth but expanded at the fastest pace of nearly 49%.
The overseas shipment of tra fish to Brazil, Mexico, and China surged sharply to US$ 1.8 billion, representing a year-on-year growth of 4%.
Minister of Agriculture and Rural Development Nguyen Xuan Cuong said that in 2018, Viet Nam targets to earn US$ 8.5 billion in export turnover. However, in the very first days of January, export turnover may fetch over US$ 500 million. Thanks to favorable consumption markets, robust development of cultivation, catches, and processing, aquaculture export was forecast to set a new record in 2018./.
By Kim Loan