Vietnam's seafood exports face new challenges

Fri, 12/23/2022 - 22:00

Vietnam's People's Daily reported on December 19 that, 20 years ago, Vietnam's aquatic product export volume in 2002 was the first time that the export volume of Vietnam's aquatic products increased?? It has exceeded 1 billion US dollars and reached an impressive milestone. In 2022, continue to take a new step, and the export of aquatic products will reach US $10 billion. The export of some key products also ushered in important milestones. By the end of November 2022, the export of shrimp had exceeded the US $4 billion mark for the first time, and the export of tuna had also strived to reach US $1 billion for the first time.

Since the beginning of the year, Vietnam's aquatic products export has faced many challenges, such as the consequences of the Covid-19 pandemic, the Russia Ukraine conflict, domestic and world inflation, a sharp rise in production and operation costs, and exchange rate fluctuations. In particular, the EU's "yellow card" warning against Vietnam's fisheries has not been lifted.