In 2023, Viet Nam's fisheries production volume stood at 8.7866 million metric tons. Over the period from 2013 to 2023, the production volume showcased consistent growth. Year-on-year variations indicate fluctuating but generally upward trends with notable growth rates, particularly significant between 2016 and 2018. Over the previous two years, 2022 and 2023, the production volume experienced moderate increases of 3.02% and 2.89%, respectively. The CAGR for the five years leading to 2023 was 3.19%, indicating steady but decelerating growth compared to previous periods.
Future projections for the coming years from 2024 to 2028 suggest continued expansion in fisheries production volume, albeit at a slightly slower pace. The forecasted annual growth rate (CAGR) for the next five years is 2.03%, with an overall growth rate of 10.55% by 2028.
Future trends to watch for include the potential impacts of climate change on marine ecosystems, shifts in regulatory policies, technological advancements in sustainable fishing practices, and changes in international trade relations which may affect production and export dynamics.
