January 20, 2018 CFSI Staff

Vietnam’s seafood exports hit record high in 2017

Vietnam has gained an all-time high of seafood export value last year and is hoping to drive the sales value to a higher level in 2018.

The country exported seafood volumes worth USD 8.3 billion (EUR 6.8 billion) in 2017, jumping 18 percent year-on-year to its highest all-time level, according to latest data from Vietnam Customs. The figure is much higher than a previous target of USD 7.1 billion (EUR 5.78 billion) for 2017 set by Vietnam in December 2016.

Buoyed by the better-than-expected result, the country will try to achieve seafood exports of USD 9 billion (EUR 7.3 billion) this year, up 8.2 percent from 2017, Vietnam’s  vice minister for agriculture, Vu Van Tam, said at a press conference in Hanoi last week, according to a report from state-run Vietnam News Agency…

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