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Inflation

(seafood.vasep.com.vn) The nearly 2 billion USD of pangasius exports in the first 9 months of 2022 went beyond the expectations of Vietnam’s seafood industry. However, looking at the export performance in September, we can see that inflation has strongly hit all food and seafood industries, not excluding pangasius.

(seafood.vasep.com.vn) In September 2022, seafood exports were estimated at over $850 million. Although still 36% higher than the same period last year, this is the first time after 7 months, seafood exports fell below 900 million USD. By the end of the Q3/ 2022, Vietnam's seafood exports reached $8.5 billion, up 38% over the same period last year.