Vietnam's seafood sector, despite optimistic shrimp and fish output, faces stagnant export values. The Vice Chairman of the Vietnam Seafood Association emphasizes the need for processing solutions to enhance core product value and boost export turnover. Despite challenges like abnormal climate change and the yellow card warning by the European Commission, the sector achieved a 2% increase in total seafood output in 2023. However, the export turnover fell short of the $10 billion target. The sector aims to expand in 2024, focusing on traceability, preventing illegal exploitation, and emphasizing digitalization for effective fisheries management.*
Optimizing Vietnam's Seafood Industry: A Call for Sustainable Solutions
Vietnam's seafood sector, a vital component of the nation's economy, has showcased promising shrimp and fish output. However, a concerning trend persists – stagnant export values. As environmental advocates and conscious citizens, it's crucial to delve into the challenges and potential solutions shaping the industry's future.
Unlocking the Value Chain: Addressing a conference on the seafood sector in 2023, Vice Chairman Duong Long Tri emphasized the need for reviewing processing solutions. Despite an annual shrimp output of one million tons, the export turnover remains between $3.5 billion and $4 billion. This disconnection between output and value necessitates a strategic approach to enhance core product values.
Overcoming Challenges for a Sustainable Future: In the face of global economic recession, climate change, and the European Commission's yellow card warning, Vietnam's seafood sector managed a 2% increase in total output. Yet, challenges persist, with 2023's export turnover falling short of the $10 billion target.
2024 Vision: Sustainability and Digitalization: Looking ahead, the sector sets ambitious targets for 2024, focusing on traceability, preventing illegal exploitation, and embracing digitalization. Director Tran Dinh Luan stresses the importance of organizing production with vertical and horizontal chains, ensuring traceability from fishing vessels to factories.
Conclusion: As we advocate for environmental sustainability, understanding and supporting Vietnam's seafood sector's transition to a more value-centric and technologically advanced model is crucial. By championing traceability and responsible production, we contribute to a sustainable future for both the industry and our planet.
[FAQ Update:]
Q: What are the key challenges faced by Vietnam's seafood sector in 2023? A: Challenges include abnormal climate change, the yellow card warning by the European Commission, and difficulties in export orders amid a global economic recession.
Q: What targets does the seafood sector set for 2024? A: The sector aims to expand the seafood farming area, achieve a total seafood output of 9.22 million tons, and target an export turnover of around $9.5 billion.
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