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    Home > Food News > Food Articles > Vietnam’s catfish export revenue targets US$1.6 billion by 2022

    Vietnam’s catfish export revenue targets US$1.6 billion by 2022

    • Last Update: 2022-04-16
    • Source: Internet
    • Author: User
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    From SeafoodNews on March 1, Vietnam’s Ministry of Agriculture and Rural Affairs stated that in 2022, Vietnam ’s catfish export revenue target is 1.
    6 billion US dollars, and the export volume is 1.
    6-1.
    7 million tons
    .
    Vietnam is a new generation of free trade agreement countries (FTAs), which brings opportunities for Vietnam to export to the EU and US markets
    .
     
    The Vietnam Association of Aquatic Products Exporters and Producers (VASEP) said that due to trade barriers and increasingly stringent regulatory requirements in the import market, Vietnamese catfish exporters are changing the way they do business, with catfish prices expected to increase by 5% this year compared to 2021
    .
     
    The markets of China, the United States, members of the Trans-Pacific Partnership (CPTPP), and the European Union have all shown a good recovery trend.
    As the largest exporter of catfish in Vietnam, the exports to the above regions have increased by 31%, 23%, 13% and 6.
    6%
    .
     
    Since the beginning of this year, the price of catfish in Vietnam has risen sharply, bringing opportunities for local fishermen and businesses to expand production
    .
     
    The Ministry of Agriculture and Rural Affairs of Vietnam requires the establishment of directions and goals suitable for the development of catfish to ensure the balance of supply and demand, as well as the stable development of prices and profits, and requires the Ministry of Fisheries to formulate project objectives to improve the quality of commercial catfish farming.
    Pay close attention to the market situation and be prepared to seize opportunities
    .
     
      In 2021, the catfish farming area in the Mekong Delta will be 5,850 hectares, a year-on-year increase of 10%, and the catfish output will be 1.
    52 million tons, a year-on-year increase of 1.
    63%
    .
    Catfish exported to EU and US
     
      The Vietnam Association of Aquatic Products Exporters and Producers (VASEP) said that due to trade barriers and increasingly stringent regulatory requirements in the import market, Vietnamese catfish exporters are changing the way they do business, with catfish prices expected to increase by 5% this year compared to 2021
    .
     
      The markets of China, the United States, members of the Trans-Pacific Partnership (CPTPP), and the European Union have all shown a good recovery trend.
    As the largest exporter of catfish in Vietnam, the exports to the above regions have increased by 31%, 23%, 13% and 6.
    6%
    .
     
      Since the beginning of this year, the price of catfish in Vietnam has risen sharply, bringing opportunities for local fishermen and businesses to expand production
    .
     
      The Ministry of Agriculture and Rural Affairs of Vietnam requires the establishment of directions and goals suitable for the development of catfish to ensure the balance of supply and demand, as well as the stable development of prices and profits, and requires the Ministry of Fisheries to formulate project objectives to improve the quality of commercial catfish farming.
    Pay close attention to the market situation and be prepared to seize opportunities
    .
     
      In 2021, the catfish farming area in the Mekong Delta will be 5,850 hectares, a year-on-year increase of 10%, and the catfish output will be 1.
    52 million tons, a year-on-year increase of 1.
    63%
    .
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