VASP plans to achieve USD 12 billion in revenue from Vietnam’s seafood exports in 2025
By: Date: 2021-01-04 Categories: Internationalfood Tags: ,
From SeafoodNews on December 30th, the Vietnam Aquatic Products and Exporters Association (VASP) plans to take several measures to strengthen member companies’ participation in the global supply chain, so that the fisheries sector can reach the US$12 billion export target by 2025. This year is 40%higher.

   In the first half of this year, the COVID-19 pandemic caused a significant decrease in exports, but since July, exports have picked up. This year’s exports are expected to reach 8.58 billion US dollars, the same as last year.
   The EU-Vietnam Free Trade Agreement, the Trans-Pacific Partnership Agreement and other trade agreements with major markets such as South Korea, Japan and ASEAN have helped Vietnamese seafood products become competitive in these markets. In the past five years, the VASP Association has cooperated with the government to promote sound policies, create business opportunities for member companies through exhibitions and trade promotion, and diversify operations.
   The association will strive to achieve the goal of exporting 12 billion U.S. dollars by 2025. To this end, the VASP Association plans to increase from the current 160 member companies to 300, and strengthen the ties between them.
   By 2025, Vietnam’s shrimp export volume is expected to exceed 1 million tons. This will help Vietnam surpass India and become the world’s largest shrimp exporter. The association also plans to work hard to promote shrimp and other seafood in the domestic market. consumption.
  Vietnamese seafood is exported to more than 160 markets around the world, of which the United States, Japan, the European Union, China, South Korea and ASEAN are the largest markets. Under this five-year strategic vision, VASP Association hopes that the seafood industry can increase profitability and added value, and promote the Vietnamese seafood brand globally.