Aquatic exports enjoy 25 percent growth last month
The export of aquatic products recorded strong growth last month although the Russia-Ukraine crisis has disrupted shipments to the two European countries since late February and caused spikes in shipping costs and input expenses, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
The export of aquatic products recorded strong growth in March. Illustrative photo. (Source: VNA)
HCM City (VNA) – The export of aquatic products recorded strong growth last month although the Russia-Ukraine crisis hasdisrupted shipments to the two European countries since late February andcaused spikes in shipping costs and input expenses, according to the VietnamAssociation of Seafood Exporters and Producers (VASEP).
In March, Vietnam exported 920 million USD worth of aquaticproducts, a year-on-year increase of 25 percent, VASEP reported. However, therate reflected a slowdown after the sector posted spectacular growth of 44percent in January and 62 percent in February.
Total shipments reached 2.4 billion USD in the first quarterof 2022, up 40 percent against the same period last year.
This was attributed to the impressive recovery of tra fishexports which expanded 88 percent to hit 646 million USD during the period onthe account of surging demand from major markets, such as the US, China and theEU. The fish has again become a key export item, accounting for 27 percent of the total aquatic exports, the association said.
Shrimp contributed the largest export share of 37 percent inMarch, earning more than 345 million USD in turnover, up 21 percent. The Q1revenue exceeded 900 million USD, up over 37 percent year-on-year.
The seafood processing sector has been struggling as soaringfuel prices, triggered by the Russia-Ukraine conflict, are imposing a heavyburden on offshore fishermen. Last month, seafood exports expanded by just below 3 percentto total 312 million USD, largely thanks to good growth (20 percent) inshipments of tuna, squid and octopus.
By the end of the first quarter, Vietnam shipped some 878million USD worth of seafood abroad, of which 234 million USD came from tuna,up 55 percent; and 156 million USD from squid and octopus, up 35 percent. Thelargest growth was seen in the shipments to the US (42 percent), China (77 percent), and the EU(37 percent).
Vietnam’s aquatic exports are expected to pick up 25 percentto 934 million USD in April./.
Foreign trade of agricultural, forestry and aquatic products reached 14.2 billion USD in the first two months of 2022, a year-on-year increase of 15.8 percent, according to the Ministry of Agriculture and Rural Development.
The south-central province of Ninh Thuan, which is endowed with a 105km coastline and abundant aquatic resources, is focusing on developing its marine economy and coastal industries.
Batches of agro-forestry-aquatic products of Vietnam have been shipped to the US in the first two months, offering chances for the country to accelerate exports to a major but challenging market of the world.
Vietnam’s total seafood output has reached 566,700 tonnes in the first three months of 2022, up 0.1 percent year-on-year, according to the Directorate of Fisheries under the Ministry of Agriculture and Rural Development (MARD).
Vietnam’s agro-forestry-aquatic product export and import turnover was estimated at 22.6 billion USD in the first quarter of this year, up 6.3 percent compared to the same period last year, according to the Ministry of Agriculture and Rural Development (MARD).
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The export of aquatic products recorded strong growth in March. Illustrative photo. (Source: VNA)
