HÀ NỘI — Seafood exporters will start to record improved profits in the second half of 2023 thanks to lower costs, including lower input prices and reduced transportation costs. The average price of aqua feed peaked in May 2023 at VNĐ14,900 per kg and feed companies only started reducing the price from June 2023. With the ships and containers being oversupplied, Việt Nam's seafood exports to Western countries will be more positive in 2023. In 2024, SSI expects that net income and net profit will increase sharply. However, inflation in many markets has not shown any signs of cooling down, which inhibits the recovery of their seafood consumption and import demand.
