Vietnam’s seafood exports recover strongly at the end of the year
MEKSEA.COM – Despite covid-19 pandemic, Vietnam’s seafood imports in many countries are still very large. This shows the bright picture of Vietnam’s seafood in the last months of 2021.
According to the Vietnam Association of Seafood Exporters and Producers (VASEP), in November, Vietnam’s seafood exports reached about 875 million USD, up 18%. Total exports in the first 11 months of 2021 reached nearly 8 billion USD, up 3.7% over the same period in 2020.
Many seafood enterprises have to work overtime to on-time export. (photo: Internet)
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Work overtime to keep up with orders
In the first 11 months of 2021, Vietnam’s seafood exports reached 8 billion USD. Which up 4% over the same period last year. Despite the Covid-19 epidemic, Vietnamese seafood enterprises have always made efforts to maintain export production.
Currently, the social distancing has been relaxed. Thus many seafood processing factories in the Mekong Delta are working hard to recover production. Workers in most factories work overtime to ensure timely export orders.
According to Vietnamese seafood enterprises, although they have to face many difficulties such as disease prevention, high freight rates, etc, export turnover has grown quite well.
Vietnam’s seafood supply chain recovered
After resolution 128, localities have adapted to flexibly and effectively combat the epidemic. Therefore, seafood production and especially shrimp processing production have gradually recovered. Especially at the end of the year, demand from all markets increases, import prices also tend to increase.
Read more: MEKSEA’s assessment of ocean freight rates at the end of the year
Despite the covid pandemic, seafood consumption still increases.
According to VASEP, although the COVID-19 pandemic still affects production capacity and productivity. In the new situation, businesses are making efforts to epidemic prevention, boost production and take advantage of market demand is increasing. Therefore, seafood exports in the last month of the year will continue to recover.
In the first 11 months of 2021, Vietnam’s shrimp exports reached over $3.5 billion. (photo: Internet)
Currently, vaccines have been widely covered in many countries around the world. Therefore, the demand for seafood consumption, especially shrimp, has increased significantly in the service of restaurants, hotels, supermarkets, etc.
At the same time, the Covid-19 situation in the world is still very complicated. The supply of shrimp in some traditional countries has been severely affected. This is an opportunity for Vietnam’s shrimp industry to continue affirming its position in the world market.
From October to December is the peak time of the year, seafood enterprises must ensure production – delivery on schedule in anyways for holidays such as Christmas, New Year, New Year, Thanksgiving, Lunar New Year.
Achievements of Vietnam’s seafood exports in last months
By the end of November, shrimp exports reached over $3.5 billion, up nearly 3% over the same period. Pangasius exports also had a positive signal with an increase of 23% in November, reaching about 178 million USD. Accumulated pangasius exports by the end of November reached nearly $1.4 billion, up 2.5% over the same period last year.
Tuna and squid and octopus exports are recovering strongly with growth of 48% and 37% respectively in November. By the end of November 2021, tuna exports reached 670 million USD, up 13%; Export of squid and octopus increased by 7%, reaching 543 million USD.
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By Hayati (Meksea Team)
(hayati@mekseaconnection.com)
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