US remains Vietnam’s top seafood export market

The US remained Vietnam’s top seafood market in January although it has raised a number of trade barriers against the country’s exports, according to the Ministry of Agriculture and Rural Development.

The US remained Vietnam’s top seafood market in January although it has raised a number of trade barriers against the country’s exports, according to the General Department of Fisheries under the Ministry of Agriculture and Rural Development.

Processing export seafood

Seafood exports to the US occupied 19.15 percent of the total last month, followed by those to Japan and the Republic of Korea with 17.81 percent and 8.36 percent respectively.

Vietnam’s January seafood exports brought 376 million USD to the country, a year-on-year increase of 3.5 percent.

This year is considered as tough for Vietnam’s seafood exports due to a shortage of capital, materials and labour.

However, experts have forecast an increase in global demand in a near future, and the sector is likely to earn 6.4 billion USD this year.

To boost seafood exports, the ministry urged the sector to continue investment in raw materials and intensify technology improvement, supervision on product quality as well as trade promotion activities abroad.