Viet Dragon Securities - Seafood industry – A gradual rebound in export volume

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Viet Dragon Securities

Loan Nguyen

Seafood industry – A gradual rebound in export volume

In 7M 2023, seafood export value reached almost USD 5 billion, marking a decline of 25% YoY. The YoY decline is narrowing month by month on a lower baseline set in the latter half of 2022. Yet, a relatively sluggish month-on-month recovery rate is still apparent.
Rong Viet predicts Vietnam's seafood exports to reach USD 5 billion in 2H 2023, showing a slight 5% YoY decrease, but a 15% growth compared to the low base of 1H 2023.
Seafood exporters to the US and China might see a clearer recovery in late 2023. Anticipated trends include rising export volume, coupled with declining selling prices. Large exporters could also improve results in 2H 2023.

10/08/2023 5 EN

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Viet Dragon Securities

Viet Dragon Securities belongs to top 20 biggest securities companies in terms of chartered capital in Vietnam. With a qualified, dedicated and professional team, a widespread network, advanced technology, diversified products and services, and good relationship with local and foreign institutions, we provide a wide range of services and products to our clients both individuals and institutions, both local and foreign. We commit to provide our clients with promising investment opportunities and a comprehensive and professional financial investment services.

RongViet Research reports are diversified and abundant, along with in-depth analysis and performed by experienced, highly-qualified and knowledgeable teams. With the objectives of transparency, accurate and timely manner, RongViet believes that our products would always be important sources of information for customers/investors’ investment decisions.”

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Analysts

Loan Nguyen

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Seafood industry – A gradual rebound in export volume

AWAITING THE BREAKOUT

Vietnam chilled-fresh meat market – Significant long-term potential but difficult to realize in

The decline has not come to a halt

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