Despite facing difficulties due to the COVID-19 pandemic, seafood exports last year were estimated at US$8.58 billion, the same as in 2019. The Vietnam Association of Seafood Exporters and Producers (VASEp) expects them to increase by 5 per cent to $8.8 billion this year aided by many positive factors.

(seafood.vasep.com.vn) In 2020, the country's seafood production has reached 8.4 million tons, a slight increase of 3% compared to 2019, of which aquaculture accounts for 54% with nearly 4.6 million tons. accounting for 46% with over 3.8 million tons. Seafood exports reached 8.4 billion USD, down 1.9% compared to 2019, of which aquaculture (shrimp, pangasius) accounted for 62% with 5.2 billion USD, captured seafood accounted for 38% with 3.2 billion USD.

The Mekong Delta province of Tra Vinh is taking various steps to develop climate change-resilient aquaculture, setting its sights on expanding the local aquaculture area by 2,500 ha to reach 40,000 ha by 2030.

(seafood.vasep.com.vn) In 2020, Vietnam's seafood exports brought in $ 8.4 billion, down 1.9% from 2019, of which farmed seafood (shrimp, pangasius) accounted for 62% with $5.2 billion, capture fisheries accounted for 38% with US$ 3.2 billion.

(seafood.vasep.com.vn) Free trade agreements (FTAs) that come into effect and put into effect in 2020 have created favorable conditions for our country's goods to be exported abroad in the past year. After falling continuously in the first half of the year due to the impact of the Covid-19 epidemic, Vietnam's seafood exports started to recover from July. Especially, thanks to the Vietnam - EU Free Trade Agreement (EVFTA). Effective from August 2020, seafood has continued to have double-digit growth since September.

(seafood.vasep.com.vn) The 2020 was a turbulent year for the world economy with many nations suffering tremendous losses due to the COVID-19 pandemic. Vietnam has been less affected by the pandemic thanks to extraordinary efforts of the industry. Notwithstanding, everything from life to socio-economic, education, and national security has undergone many months of upsetting. Vietnam's seafood industry has been affected by various issues. Continued difficulties from key export markets and natural disasters have caused both farmers and businesses to worry to fight for "survival". At the end of the year, the total seafood export value of Vietnam reached 8.41 billion USD, slightly down 1.9% compared to 2019. This result reflects the tireless efforts of seafood enterprises in the light of the pandemic crisis.

Vietnam is one of the biggest producers of ASC certified seafood with hundreds of certified farms, but one company still managed to achieve a first for the country last year.

(seafood.vasep.com.vn) Vietnam sets a target achieving seafood export turnover of US$14-16 billion by 2030 and creates jobs for 3.5 million workers. By 2045, fisheries will be a modern commercial economy, a deep seafood processing hub, which belongs to the group of three leading countries in the world.

(vasep.com.vn) In 2020, the Covid-19 pandemic spread out all over the world that had a tremendous impact on the world tuna industry in general and the Vietnamese tuna industry in particular. Despite the difficulties, Vietnamese tuna processing and exporting enterprises have still been making efforts to overcome drawbacks.

With the average seafood import demand of 4.1-4.5 billion USD/year, Vietnam seafood has great room to increase exports to the UK market thanks to the push from the UKVFTA Free Trade Agreement.

The Viet Nam Association of Seafood Exporters and Producers said it plans several measures to help its members further penetrate the global supply chain and enable the fisheries sector to reach its export target of US$12 billion in 2025, 40 per cent higher than this year.

Vietnam aims to develop its fisheries sector into a large commodity production industry with competitive capacity and responsible and sustainable integration in line with international institutions, contributing to improving incomes for industry workers.

Fishermen in south-central Khanh Hoa province have begun to apply technology in fishing over recent years and posted remarkable results in terms of catches and earnings. Modern technology has helped them improve their standard of living while also protecting national sovereignty at sea.

Trade between Vietnam and China has produced positive results, despite long-lasting difficulties caused by the COVID-19 pandemic, with Vietnam affirming its position as China’s largest trade partner in ASEAN.

The European Council has approved a decision to conclude the European Union-Vietnam Free Trade Agreement (EVFTA), the final procedure from the E.U. side needed for the deal to become effective.