Mixed fortunes for seafood sector in unpredictable year

Mixed fortunes for seafood sector in unpredictable year

Last year has been a year with ups and downs for the seafood sector. While the consumption and export of basa fish stagnated mostly due to the global health crisis, shrimp farmers still saw a successful 2020. With an array of newly-effective free trade agreements, local seafood providers are now looking towards a future of boosted sales and exports.
Vietnam's shrimp exports (Infographics)

Vietnam's shrimp exports (Infographics)

Vietnam’s shrimp exports are forecast to reach 3.7 billion USD this year, posting an year-on-year increase of 9.8 per cent, fuelled by the Eupean Union – Việt Nam Free Trade Agreement (EVFTA) which facilitated export to the EU markets, according to Vietnam Association of Seafood Exporters and Producers.