Aquatic exports drop to below 1 billion USD in July
The value of aquatic exports in July fell below 1 billion USD for the first time since the beginning of 2022, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
Hanoi (VNA) – The value of aquatic exports in July fell below 1 billion USD for the first time since the beginning of 2022, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
It was expected to fetch 970 million USD, up 14% year-on-year and 4% month-on-month.
The country’s total aquatic export turnover in the first seven months of this year reached nearly 6.7 billion USD, an increase of 35% compared with the same period last year.
After recording a sharp rise of 34-62% in the first five months of the year, aquatic exports began cooling down in June with an increase of just 18%.
The decline is mainly due to unfavorable weather, with early rains affecting seafood production. The stockpile of aquatic products from last year has also dropped.
Particularly, shrimp exports in June decreased by 1% compared to the same period last year because of a shortage of raw materials. It continued to fall by nearly 13% in July, reaching only 385 million USD. Vietnam earned 2.65 billion USD from shrimp exports in the first seven months, up 22% over year-on-year.
The value of pangasius exports also declined in the second quarter of this year.
Export earnings from pangasius reached 197 million USD in July, up 56% year-on-year. By the end of July, its value hit over 1.6 billion USD, an increase of 79% over the same period last year.
Meanwhile, exports of tuna, squid, octopus and other marine fish maintained a high growth rate of 37-44% in July. In the first seven months of 2022, tuna exports increased by 53% to reach 641 million billion, USD while those of squid, octopus and other fish surged by 31% and 16%, respectively, earning 417 million USD and over 1.1 billion USD.
Vietnam’s aquatic exports to the US declined by 8% in June and 23% in July. Meanwhile, the export of seafood products to the European Union still grew by 28% in July with the value hitting 829 million USD in the first seven months. Export earnings from seafood to China reached 1 billion USD in the period, up 71% year-on-year.
VASEP forecasts that seafood exports in the third quarter of thi🍃s year will grow slower than in the second and first q💟uarters, particularly export value expected to hit about 3 billion USD./.
The export of aquatic products recorded strong growth last month although the Russia-Ukraine crisis has disrupted shipments to the two European countries since late February and caused spikes in shipping costs and input expenses, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
Total foreign trade in agricultural, forestry and aquatic products hit some 31.8 billion USD in the first four months of 2022, an increase of 7 percent against the same period last year, according to the Ministry of Agriculture and Rural Development.
Vietnam earned 3.57 billion USD from aquatic exports in the first four months of 2022, posting a year-on-year increase of 43.7 percent, according to the Ministry of Agriculture and Rural Development.
The exports of aquatic products are expected to fetch 2.8-3 billion USD in the second quarter, a year-on-year increase of 36-38 percent, thanks to the strong growth of key products, according to Le Hang, deputy director of the Vietnam Association of Seafood Exporters and Producers (VASEP)’s Training and Trade Promotion Centre.
Vietnam’s aquatic exports spiked 40% year-on-year to reach nearly 5.8 billion USD in the first half of 2022, the Vietnamese Association of Seafood Exporters and Producers (VASEP) has reported.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
Ilustrative image (Photo: VNA) 
