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Vietnamese exports face limited growth

EU yellow card hinders projected growth.

The Vietnam Association of Seafood Exporters and Producers (VASEP) estimated no more than a 2 percent jump in export values for this year compared to last due to lower exports of major seafood items, including shrimp and pangasius.

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Despite a surge in Vietnamese pangasius exports -- as of May, Vietnamese pangasius exports to the EU jumped 31.5 percent in value to $105.2 million (€93.8 million) compared to the same period in 2018 -- total seafood exports for the first half of the year are estimated to have declined 1 percent to $3.95 billion (€3.5 billion) driven by an 11 percent drop in exports to the European Union following yellow card restrictions for illegal fishing, according to VASEP.

Last year, Vietnam's exports were worth $8.8 billion (€7.9 billion) against a target $9.5 billion (€8.5 billion).

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