Vietnam's seafood exports set to grow 6.3 percentStaff writer ▼ | April 27, 2016
New free trade deals with EU and Asian markets are expected to increase Vietnam’s seafood exports to more than $7 billion in 2016.
Food trade Benefits from free trade pacts
Half of the revenue will come from shrimp exports, which are poised to increase around 12 percent, Hoe said, as cited by the Saigon Times Online.
Benefits from free trade pacts with EU, Japan, South Korea and ASEAN neighbors will help Vietnam weather the tough competition from Ecuador, India, Indonesia and Thailand, he said.
Tuna exports are also expected to rise 8 percent from last year, and squid and octopus shipments 10 percent. ■