Vietnam’s seafood exports surged in 2014 with an export turnover of USD 7.9 billion, the highest in three years. This exceeded the target of the Vietnam Association of Seafood Exporters and Producers (Vasep) by USD 920 million and was an 18.4% increase on 2013. According to Asia Briefing Ltd, by end 2014, orders to its key markets slowed down, however, an increase in exports to Asean nations and China made up the shortfall. “It is worthwhile to note that the main reasons for growth were external rather than because of quality. This could prevent growth from continuing in 2015,” said the report. For 2015, Vasep has set a target of USD8 billion. “The biggest challenges will be due to the new safety standards that are expected to be implemented later this year,” said the report.
(Source – http://www.blackseagrain.net/novosti/vietnam-seafood-exports-up-in-2014)