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Vietnam earns $3.32bn from seafood exports

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October 3, 2008

Vietnam earns $3.32bn from seafood exports

Vietnam's seafood exports in September reached $450 million, lifting total seafood exports in the first nine months of the year to $3.32 billion, state news agency VNA reported.

This is a 21.9 percent increase over last year, according to the General Statistics Office.

With a growth rate of 24.6 percent in the first nine months of the year, seafood processing had the highest growth rate of all processing industries. The average growth rate of the country's processing industries during the period was 16 percent.

In the first nine months, frozen shrimp remained the industry's biggest earner at $1.16 billion, a year-on-year increase of 7 percent, said Nguyen Thai Phuong from the Vietnam Association of Seafood Exporters and Processors.

Despite topping the list, Phuong said, the proportion of shrimp in the country's total seafood exports decreased 4.7 percent to 34 percent over the same period last year due to fierce competition from Thai and Indian shrimp.

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