Efforts made to restore growth momentum in seafood exports
Vietnam’s exports of many seafood products has shown signs of recovery after a gloomy period, but trade promotion programs need to be better promoted to gradually regain growth momentum and comply with export market regulations. Commenting on the level of seafood exports in the time to come, the Vietnam Association of Seafood Exporters and Producers (VASEP) believes that this will depend largely on two main markets - the US and China. Both are recording positive signs in terms of demand, with orders increasing. However, export prices are still lower than in the same period last year. Removing the EU’s “yellow card” on Vietnam for illegal, unreported and unregulated (IUU) fishing is the most important task, not only for exports to the EU but also for the seafood industry’s overall sustainable development.