Vietnam raises 2010 seafood export forecast

The Ministry of Agriculture and Rural Development has raised its forecast of the Vietnam’s total seafood export revenues to nearly $4.815 billion from previous $4.786 billion, the online newspaper NHDMoney reported on October 5.

Vietnam is estimated to export 1.318 million tons of seafood this year, including nearly 630,000 tons of Tra fish worth $1.352 billion, the Ministry said.

Earlier, Vietnam is estimated to have exported $3.428 billion worth of seafood in the first nine months of this year, up 12.83% on year, contributing 6.65% to export revenue and 3.86% to Vietnam gross domestic products in Jan-Sep.

The global soaring demand is likely to boost export revenue which around 52.8 million tons of seafood will be traded globally this year, rising from 52.5 million tons a year earlier,the Ministry said.

Japan was the largest importer of Vietnamese seafood, accounting for 19% of the country’s total export revenue, followed by the U.S. with 17.86%.Other major importers were South Korea, Germany, Spain and China, the ministry said.

There are currently 27 seafood companies listed on the HoSE and the HNX which earned VND5,976 billion revenue ( trailing twelve months), the StoxPlus’ data showed. – Stoxplus.com

Tags: Vietnam Seafood, Vietnam seafood exports