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Seafood Exports Expected To Yield US$5.3 Billion

Cập nhật: 28/03/2011 10:05

(VEN) - The Vietnam Association of Seafood Exporters and Producers (VASEP) forecast that Vietnam seafood exports would come to US$5.3 billion in value in 2011, the highest number so far, due to the growing global demand and decreasing international supply.

Vietnam earned US$4.94 billion from exporting seafood in 2010, an increase of 16.3 percent over 2009. Vietnam ranks sixth among the world's 10 biggest seafood exporters and fifth among the biggest seafood exporters in Asia, after China, India, Indonesia and the Philippines.
Shrimp and Tra fish are Vietnam's biggest seafood exports. Making a 40.7 percent contribution to the country's total seafood export revenue, shrimp exports yielded more than US$2 billion in 2010 (the highest annual revenue so far). Although they faced many difficulties, Tra and Ba Sa fish products were exported to 136 countries and territories worldwide to bring in US$1.4 billion in 2010. (About 680,000 tonnes of Tra and Ba Sa fish was exported in 2010). Tuna, squid and octopus exports also made a major contribution to the country's 2010 seafood export revenue.
In the first two months of this year, Vietnam earned US$835 million from exporting seafood, an increase of 54.4 percent from the same time last year. VASEP general secretary Truong Dinh Hoe said that Vietnamese seafood products have an increasing niche in foreign markets and are considered to have stable supplies, and that exporting businesses have better understood market demands. This year, the fishery sector targets to grow seven percent over 2010 and reach export revenue of US$5.3 billion.
The sector continues investing in raw material production and gives priority to development of major products such as shrimp, Tra fish, tuna and invertebrates. Strengthening floor export price management is one of the solutions upon which VASEP and Tra fish processors agreed to stabilize and promote Tra fish exports in 2011. Shrimp will still be a major export, while stable supply of white claw and black tiger shrimp will be maintained. The export shrimp price is expected to further increase because of the increasing demand for shrimp in the US, the EU, the Republic of Korea (RoK) and China. Vietnam's shrimp exports area expected to reach US$2.2 billion in value in 2011.
Fishery sector experts say that apart from traditional markets like the US, Japan and the EU that are expected to have unchanged demands for Vietnamese seafood, Vietnamese seafood businesses have opportunities to increase sales to potential markets such as the RoK and China. Vietnam's seafood exports to the RoK and China in 2010 were 28 and 22 percent more than 2009, respectively. This trend of growth is expected to maintain in 2011.
The RoK, one of countries experiencing the highest economic growths in Asia, is importing more seafood for domestic consumption, while China is shifting from a seafood exporting country to a country importing seafood for domestic processing. The improved bilateral trade policies will contribute to promoting Vietnam's seafood exports to China.
Le Van Quang, the chairman of the board and general director of the Minh Phu Seafood Corporation, said that to take seafood export development opportunities in 2011 businesses need to take cautious steps and attach much importance to sustainable development related to different stages of production including seafood farming, exploitation, processing and sale and satisfaction of environmental standards in construction and operation of processing facilities./.
By My An

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