Vietnam's fisheries exports have exhibited fluctuating growth over the past years. In 2023, export value stood at $8.19 billion USD. For the year 2023, the year-on-year variation showed a modest increase of 0.61%, continuing a trend of minimal growth seen in 2022 at 0.64%. Meanwhile, the Compound Annual Growth Rate (CAGR) over the past five years has declined slightly by -0.59%. However, the projected annual growth rate for the next five years shows a positive forecast with a CAGR of 0.41%, leading to an expected value of $8.4 billion USD by 2028. The longer trend indicates a stable yet slow growth pattern.
Future trends to watch for include:
- Environmental and climate changes impacting aquaculture productivity.
- Trade policy shifts, especially with major importing countries.
- Technological advancements in fisheries and aquaculture.
- Changes in global seafood demand patterns.
- Government policies and initiatives to support the fishing industry.