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Seafood exports net $2b in 5 months

Update: June, 02/2012 - 08:29

HA NOI — Seafood exports in the first five months of the year reached US$2.3 billion, an increase of 9.8 per cent over the same period last year, according to the Ministry of Agriculture and Rural Development. In May alone, seafood exports fetched US$500 million.

Shrimp had taken first place in export value among Viet Nam's key seafood export products, the ministry said, noting that surges in shrimp export value were recorded in the key markets of Japan and the US.

Shrimp exports to Asia have developed strongly in recent years. Japan is the leading importer of Vietnamese shrimp, accounting for 26 per cent of the nation's total shrimp export value.

Viet Nam Association of Seafood Producers and Exporter (VASEP) vice chairwoman Nguyen Thi Thu Sac said that demand for shrimp in the EU had fallen in the wake of the eurozone debt crisis and in the face of increasingly strict food hygiene and safety requirements. — VNS

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