The Vietnamese seafood industry is thriving, with the accumulated value of seafood output estimated to reach 6.1 million tons in 2021, up 1.6% compared to the same period last year, according to reports by the Directorate of Fisheries.
Overview
Vietnam’s seafood industry has been growing steadily, with the accumulated value of seafood output estimated to reach 6.1 million tons in 2021, up 1.6% compared to the same period last year. The country’s Directorate of Fisheries has reported that the industry is on track to meet its annual plan, with 2.9 million tons of exploited species and 3.2 million tons of farmed species.
Seafood Output in the Third Quarter
In the third quarter of 2021, the total seafood output is estimated to reach 2.3 million tons, with 1 million ton of exploited species and 1.2 million tons of farmed species. This growth is indicative of the positive momentum that the Vietnamese seafood industry has been experiencing.
Export Value
Vietnam has also been successful in exporting its seafood products. According to statistics by the General Department of Vietnam Customs, the country brought in $373.6 million from exporting seafood in the first half of September, leaving an accumulated export value of $5.6 billion, equal to 96% of the same period last year and reaching 55.8% of the plan ($10 billion).
Shrimp Stocking
The Vietnamese government has been supporting shrimp farmers by allocating more land for shrimp stocking. As many as 708,436 hectares have been spent on stocking brackish shrimps, equal to 102% compared to the same period last year and reaching 97.1% of the 2020 plan.
Pangasius Farming
Pangasius farming is another area where the Vietnamese seafood industry has been growing. A total of 2,160 hectares have been newly spent on pangasius farming, equal to 59.7% of the same period last year, leaving the accumulated area of 4,968 hectares, equal to 91% of the same period last year. The accumulated output of pangasius in the first nine months is estimated to reach over 1 million tons, equal to 93.6% compared to the same period last year.
Conclusion
The Vietnamese seafood industry continues to grow and thrive, thanks to the government’s support and the hard work of seafood farmers and producers. The country’s seafood output has been increasing steadily, and its export value remains strong. Shrimp stocking and pangasius farming are areas of particular growth, indicating that the industry is diversifying its products and adapting to changing market demands.
