echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Food News > Food Articles > VASEP predicts that Vietnam’s aquatic product exports will reach US$12 billion by 2025

    VASEP predicts that Vietnam’s aquatic product exports will reach US$12 billion by 2025

    • Last Update: 2021-07-27
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com
    Vietnam's "Saigon Economic Online" reported on July 22 that the Vietnam Aquatic Products Processing and Export Association (VASEP) stated that there is still room for development in the aquatic product industry and it is estimated that by 2025, the export value will reach 12 billion U.
    S.
    dollars
    .
     
    Zhang Tinghui, secretary general of the Vietnam Aquatic Products Processing and Export Association (VASEP), stated that during the period 2016-2020, the export of Vietnamese aquatic products will grow at an average annual rate of 5%.
    In 2020, the export value will reach 8.
    4 billion U.
    S.
    dollars, of which shrimp exports will reach 3.
    7 billion.
    U.
    S.
    dollars, fish hunting reached 1.
    5 billion U.
    S.
    dollars, and other seafood reached 3.
    2 billion U.
    S.
    dollars
    .
     
      On this basis, VASEP predicts that by 2025, the export of aquatic products will reach US$12 billion, an increase of US$3.
    6 billion from 2020
    .
    This means that during the period 2021-2025, the export value of aquatic products will grow at an average annual growth rate of 7%
    .
     
      In 2025, shrimp exports will reach 5.
    5 billion U.
    S.
    dollars, with an average annual growth rate of 8% during 2021-2025; check fish exports will reach 2.
    2 billion U.
    S.
    dollars, with an average annual growth rate of 8%, and other seafood exports will reach 42 Billion US dollars, with an average annual growth rate of 5%
    .
     
      In order to achieve the above goals, the export volume will reach about 6 million tons by 2025, including 4.
    7-4.
    8 million tons of domestic production; and about 1.
    2-1.
    3 million tons of imported materials for reprocessing
    .
    Aquatic products processing export aquatic products
     
      Zhang Tinghui, secretary general of the Vietnam Aquatic Products Processing and Export Association (VASEP), stated that during the period 2016-2020, the export of Vietnamese aquatic products will grow at an average annual rate of 5%.
    In 2020, the export value will reach 8.
    4 billion U.
    S.
    dollars, of which shrimp exports will reach 3.
    7 billion.
    U.
    S.
    dollars, fish hunting reached 1.
    5 billion U.
    S.
    dollars, and other seafood reached 3.
    2 billion U.
    S.
    dollars
    .
    Aquatic products
     
      On this basis, VASEP predicts that by 2025, the export of aquatic products will reach US$12 billion, an increase of US$3.
    6 billion from 2020
    .
    This means that during the period 2021-2025, the export value of aquatic products will grow at an average annual growth rate of 7%
    .
     
      In 2025, shrimp exports will reach 5.
    5 billion U.
    S.
    dollars, with an average annual growth rate of 8% during 2021-2025; check fish exports will reach 2.
    2 billion U.
    S.
    dollars, with an average annual growth rate of 8%, and other seafood exports will reach 42 Billion US dollars, with an average annual growth rate of 5%
    .
     
      In order to achieve the above goals, the export volume will reach about 6 million tons by 2025, including 4.
    7-4.
    8 million tons of domestic production; and about 1.
    2-1.
    3 million tons of imported materials for reprocessing
    .
    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.