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Seafood exports may exceed $3.6 billion target

by the Fish Site Editor
16 October 2007, at 1:00am

VIET NAM - The Vietnamese Association of Seafood Exporters and Processors (VASEP) said the countrys seafood export revenue this year may exceed a US $3.6 billion target while domestic firms are scrambling to meet skyrocketing demands for Christmas and the New Year.

Assistant Professor Doctor Nguyen Huu Dung, deputy chairman of VASEP, said if all goes well this month, we can surpass that figure.

Deputy Minister of Agriculture Luong Le Phuong said major markets like the US, EU, China, and the Republic of Korea look promising.

The Ministry of Agriculture and Rural Development said Vietnamese seafood companies exported $380 million last month alone while export revenues in the first 9 months have risen to $2.7 billion, a 14 percent annual increase.

The southernmost province, Ca Mau, is striving to export $200-210 million worth of seafood during the last 3 months of this year, said Mr. Le Van Thuan, general secretary of the provincial Export and Processing Seafood Association.

The southern Kien Giang province has this year sold over $62 million in seafood exports and is aiming at a $100 million target for the year, Mr. Huynh Van Ganh, director of the local fisheries department, revealed.

Catfish exports in An Giang province, also in the south, have this year risen 62 percent in volume and 60 percent in value against last year’s corresponding figures.

This year, 120,000 tons of catfish are expected to be exported, earning $320 million, said Mr. Nguyen Van Thanh, director of An Giang fisheries department.

Source: VietNamEconomy

the Fish Site Editor