Seafood companies are struggling with problems arising from the current fourth wave of COVID-19, causing uncertainties for the second half of 2021.

Many seafood processing companies in the South are facing difficulties keeping their workers on-site amid the Covid-19 outbreak as required by the authorities, according to Truong Dinh Hoe, VASEP general secretary.

Vietnam’s aquatic product export is expected to hit 8.7-9 billion USD, a year-on-year increase of 5-7 percent compared with last year's figure as demand is rising in many countries thanks to vaccination.

Large seafood enterprises have set higher revenue and profit targets this year thanks to positive growth prospects of the seafood export market, especially the US and EU.

While India and Thailand are facing difficulties, Vietnamese seafood has an opportunity to occupy major markets such as Russia and the US.

Vietnam exported 160 tonnes of frozen shrimp products to the US, Europe and Japan on January 5, its first seafood consignment of the year.

The nation is poised to become a deep seafood processing centre and join the group made up of the three leading seafood producing and exporting countries in the world,

Vietnamese shrimp is among the most-favoured agricultural products in overseas markets. However, with increasing exports also come more complications as domestic producers must comply with high standards set forth

Meeting quality standards and enjoying preferential tariffs from the new EVFTA, Vietnam’s key farm produce such as rice, fruit, coffee and seafood are rushing to head for the EU market.

As exports have been stagnant because of the pandemic, catfish companies are experiencing tough days, anticipating big losses in 2020, reported CafeF.

Exporters are mulling plans on how to increase shipments to the US and China after Covid-19 ends.

The total area for lobster farming in Phu Yen province covers 52km2 with a production volume of 1,5 million lobsters per year,.