Seafood export value estimated at 844 million USD early 2017
Workers at a shrimp processing factory (Source: VNA)
The value of seafood exports in the first two months of 2017 was estimated at 844 million USD, representing a year-on-year decline of 3.1 percent, according to the Ministry of Agriculture and Rural Development (MARD).
In February, the export value was 351 million USD.
In the two months, Vietnam imported seafood worth 196 million USD, an increase of 19.1 percent from 2016. Seafood import value in February was 99 million USD.
According to the MARD, seafood output in the first two months was 389,000 tonnes, up 1.5 percent, with tuna and anchovy producing the highest output
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China is considered as the emerging market for Vietnam seafood. It is forecast that seafood exports to this market will exceed $US 1 billion in 2017.
The Vietnam government has announced plans to invest heavily in perfecting the country’s intensive shrimp farming operations and expand production
The export value of agricultural, forestry and fishery products is estimated to see a year-on-year increase of 1.4% to US$4.3 billion in the first two months