VASEP strives to earn 10 billion USD export turnover in 2022

Friday, 24/06/2022 16:26
In 2022, the Vietnam Association of Seafood Exporters and Producers (VASEP) aims to achieve 10 billion USD worth of export turnover; including 4.2 billion USD of shrimp export, 2 billion USD of pangasius export and 3.8 billion USD of seafood exports.
 Participants at the event. (Photo:

The goal was revealed in a conference held by the VASEP on June 22, in Ho Chi Minh City.

Despite many difficulties, with the efforts of the whole industry, in the first 5 months of 2022, seafood exports reached more than 4.7 billion USD, up 44% over the same period last year.

According to VASEP, in the 5 months, Vietnam exported seafood to 160 markets, seafood export turnover to all major markets had breakthrough double-digit growth.

Particularly, seafood exports to Russia decreased by 37% year on year, because the military conflict made trade with this market almost stall in March and April. Three markets dominated the growth rate of seafood exports over the past 5 months, including: the United States accounting for 23%, the European Union (EU) accounting for 12%, and China accounting for 16%.

Also according to VASEP, together with favorable conditions such as seafood consumption demand in the main markets increasing sharply after the COVID-19 epidemic, enterprises should take advantage of preferential tariffs from Free Trade Agreements to boost exports to many markets such as the EU, Australia, Canada, Malaysia, Thailand, China and the UK./.