REPORT ON VIETNAM SEAFOOD EXPORTS IN FIRST HALF AND FORECAST ON EXPORT IN SECOND HALF OF 2021

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REPORT ON VIETNAM SEAFOOD EXPORTS IN FIRST HALF AND FORECAST ON EXPORT IN SECOND HALF OF 2021

In the first half of 2021, Vietnam's seafood production and export continued to be affected by the Covid-19 epidemic, which was still tense in many countries around the world and had a strong outbreak in the country. However, in the midst of difficulties, seafood enterprises have made efforts and flexibility to stabilize production, maintain supply, and take advantage of opportunities of markets to boost their sales abroad.

In the first half of 2021, Vietnam's seafood production and export continued to be affected by the Covid-19 epidemic, which was still tense in many countries around the world and had a strong outbreak in the country. Covid caused a disruption in the logistics supply chain for global trade, whereby seafood exports
from the beginning of the year until now have been burdened with sea freight charges that have increased continuously and increased many times along with a serious shortage of containers for export. In addition, input costs for production and processing also skyrocketed, affecting the profits of enterprises.

  

However, in the midst of difficulties, seafood enterprises have made efforts and flexibility to stabilize production, maintain supply, and take advantage of
opportunities of markets that are recovering strongly in demand such as the US and EU, as well as promote exports to markets with favorable import tax incentives under agreements such as CPTPP, EVFTA, UKV FTA, RCEP..., and promptly provide diversified products for different market segments.

Therefore, by the end of June 2021, the country's seafood export still reached 4.1 billion USD, up nearly 15% over the same period last year. Exports of all key commodities grew over the same period last year, of which the largest contribution was shrimp exports with $1.7 billion, pangasius at $781 million, and
fishing products also accounted for a high proportion. with 1.67 billion USD.

 

Source: VASEP

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