Image: TTV / FIS

Orders decline, seafood enterprises restructure export markets

VIET NAM
Thursday, June 15, 2023, 07:00 (GMT + 9)

Faced with difficulties due to declining orders in key markets such as Europe, the United States... Vietnamese seafood enterprises are innovating products, promoting trade, and restructuring markets.

Growth of Vietnamese seafood exports in the period 2016-2023. Source: MekongASEAN

According to the Vietnam Association of Seafood Exporters and Producers (VASEP) in the first five months of the year, seafood export value reached US$3.47 billion, down 25.9% over the same period last year. It is worth noting that some traditional markets of Vietnamese seafood such as Europe, the United States, and China have shown signs of sharp decline, especially the demand for fresh seafood.

In which, the US decreased by more than 50%, China decreased by 37%. With the current situation, restructuring the market, increasing trade promotion with each object of industry, each market... are effective solutions to expand the seafood consumption market.

Source: Hieu Hai San

Along with promoting direct negotiations to diversify agricultural products that are officially exported to many markets, transactions through e-commerce platforms are being carried out by many businesses.

Source: THNM | TTV (Traslated from the original in Vietnamese)

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