Falling orders caused by weak demand have left firms with no choice but to shed jobs, scale down production in the last months of the year

Despite huge challenges, the seafood sector in 2022 posted a new record in export value of $11 billion, up 24% year-on-year and 22% higher..

Vietnam’s tuna exports passed $1 bln on December 21 and a figure of $1.03 bln is expected for the year as a whole, the VASEP has said.

November marks the first time this year that seafood exports have fallen, though the year-to-date figure is healthy.

The producers have attributed their accelerated profits to high export prices and favorable export business

Vietnam’s seafood exports were estimated at nearly US$5.8 billion in the first half of 2022, up 40 percent YoY