Vietnam sees strong growth in aquatic exports to US

Illustrative photo (Source: VNA)

Hanoi (VNA) – Vietnam enjoyed a surge of 46 percent in aquatic products’ export value to the US market in August to 188.7 million USD, pushing the total revenue in the first eight months of this year to 982.9 million USD, up 7 percent over the same period last year.

According to the Import-Export Department under the Ministry of Industry and Trade, in the rest of the year, aquatic exports to the market will see good growth, especially shrimp.

The department noted that the US Department of Commerce has announced the results of the 12th Period of Review on shrimp imports from Vietnam, according to which anti-dumping tariff on the product are reduced to 4.58 percent from 25.39 percent.

After slow growth in June and July, export revenue of aquatic products in August recovered to 5.59 billion USD, up 7.8 percent over the same period last year.

The Vietnam Association of Seafood Exporters and Producers (VASEP) predicted that export revenue of aquatic products is likely to hit 2.7 billion USD in the third quarter, a 13 percent rise year-on-year.