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COVID-19 epidemic

(vasep.com.vn) After increasing by 23.4% in January 2021, reaching 606 million USD, with positive signals from pangasius, sea fish products (except tuna), whiteleg shrimp ... and exports to some key markets such as the US, Japan, Australia, Mexico, Taiwan, Brazil rose sharply, Vietnam seafood exports in February 2021 fell 19% compared to the same period in 2020, estimated at over 405 million dollars. This negative growth is due to the fact that February this year coincides with the Lunar New Year holiday, therefore the production, fishing and processing time is less than in February 2020. Thus, accumulated to the end of February 2021, seafood exports reached over 1 billion USD, up by 2.2%.

(seafood.vasep.com.vn) With the expectation that the impact of the COVID-19 epidemic will slow down and with the support of Free Trade Agreements, analysts in Vietnam said that the main consumption channels of seafood will gradually become active again, creastin the growth momentum for this sector in 2021. It is forecasted that Vietnam's seafood export in 2021 will reach $8.8 billion, with an increase of 5% compared to 2020.