Fishery exports projected to near 8.9 billion USD this year
Shipments of fishery products are estimated to rake in 8.89 billion USD in 2021, posting a year-on-year rise of 5.7 percent, said Nguyen Quang Hung, deputy head of the Ministry of Agriculture and Rural Development’s Directorate of Fisheries.
Workers at a tra fish processing factory in Dong Thap (Photo: VNA)
Hanoi (VNA) - Shipments of fishery products are estimated to rake in 8.89 billion USD in 2021, posting a year-on-year rise of 5.7 percent, said Nguyen Quang Hung, deputy head of the Ministry of Agriculture and Rural Development’s Directorate of Fisheries.
The Directorate has kept a close watch on production at localities, promptly reported to the Ministry and devised measures in a flexible and suitable manner.
It also worked to arrange workshops to address bottlenecks and promote production so as to maintain the supply chain in 2021 and the upcoming year.
Demand for shrimp imports was on the rise this year, notably in major markets of Europe, the US, Japan, China and the Republic of Korea (RoK).
Free trade agreements have helped ensure stability in Vietnam’s shrimp production and processing, contributing to the sector’s growth.
Many Vietnamese exporters were allowed to ship tra fish (pangasius) to the US.
More firms received permission to export products to other leading markets of Russia, the RoK and China this year.
Of note, nearly 780 out of about 900 fishery companies of Vietnam are eligible to ship their products to the Chinese market, signalling a rosy prospect for the sector in 2022./.
Vietnam’s seafood exports continued falling 23 percent in September, following a significant decline of 36 percent in August, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
The value of agro-forestry-fishery exports reached over 4.1 billion USD in November alone, which was conducive to a hope for the exports to obtain over 47 billion USD for the entire year.
There is one month to go before year-end but 11-month agro-forestry-fishery exports have almost hit the annual target for 2021, reaching nearly 43.5 billion USD, an all-time high that far exceeds 2020.
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Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
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Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
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Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
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Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
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Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Workers at a tra fish processing factory in Dong Thap (Photo: VNA) 
