Despite difficulties such as material and capital shortage and slow consumption, the Vietnam Association of Seafood exporters and Producers (VASEP) maintain the nation will meet its seafood export revenue target of USD 6.5 billion for this year compared to USD 6.1 billion in 2011.
According to VASEP, the nation’s seafood export revenue hit USD 3.4 billion in the January to July period, a 6.5 percent year-on-year increase. This means that the seafood industry should fetch USD 3.1 billion more from now until the end of this year to fulfill its target.
VASEP general secretary Truong Dinh Hoe presented three reasons for maintaining the target, saying that there was a mild decrease in seafood export value in the second quarter, when consumption on the European market usually slows down during summer vacations. VASEP expected seafood exports to bounce back by the end of the month or September when the holidays are over.
