Seafood exports fetch roughly US$9.2 billion in 2003, set to earn US$9.5 billion next year

VOV.VN - Seafood exports this year are estimated to reach approximately US$9.2 billion, meeting 92% of the set plan of US$10 billion for the year, with this figure rising to US$9.5 billion ahead in 2024, according to the Directorate of Fisheries under the Ministry of Agriculture and Rural Development (MARD).

Key export items primarily include shrimp at about US$3.45 billion, Pangasius at around US$1.9 billion, mollusks at roughly US$0.8 billion, and Tuna at approximately US$0.9 billion.

The reason for this decline in seafood exports is due to the effects of the prolonged Russia-Ukraine conflict, the fighting between Israel and Hamas, and the unstable situation in the Middle East, all of which has caused the world economy to recover slowly. Indeed, the prices of some goods and input materials serving aquaculture development are still high; high logistics costs put pressure on production activities, especially when consumer demand slows down and production scale shrinks.

Furthermore, the European Commission continues to maintain a "yellow card" warning for Vietnam's exploited seafood, causing its seafood exports to fail to achieve the set plan.

Regarding fisheries exploitation management, Nguyen Van Trung, head of the Department of Fishing Vessel Management and Fishery Logistics Services, said that it is necessary to complete the Electronic Logbook software in order to serve the traceability of seafood origin, whilst also strengthening the inspection and supervision of the implementation of regulations on local exploitation management.

He also highlighted data digitization as an important basis for fisheries management, administration, and transparency. Output, exploitation of resources, number of ships, and number of crew members passing through the port must apply digital technology and management software to be both efficient and save resources.

Tran Dinh Luan, director general of Directorate of Fisheries, pointed out the difficulties the seafood industry will continue to face ahead next year amid seafood resources declining while the EC still maintains the "yellow card" warning. In addition, import demand from markets that have not shown signs of recovery.

​Therefore, in 2024 the fisheries industry targets total seafood output of about 9.22 million tonnes, equivalent to the estimate for 2023. Among them, the catch output is about 3.54 million tonnes, down 8.3% compared to 2023; aquaculture output stands at 5.68 million tonnes, an increase of 5% compared to the estimate for 2023; seafood export turnover hit US$9.5 billion.

To overcome difficulties occurring in export markets, Luan underlined the need to continue to apply chain-linked production. In the field of exploitation, the origin of products must be traceable and combat illegal fishing, while exploitation must be consistent with resource reserves and ensure food safety on fishing vessels and fishing ports.

In addition to requirements for reducing emissions and increasing green production, animal welfare is also an issue for the aquaculture sector in the coming time, Luan said, adding that this is not only a demand of the domestic market but also a trend in the world consumer market in the coming time.

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