(seafood.vasep.com.vn) On 13th Jan 2017, Saota Foods Joint Stock Company (Fimex VN- stock code FMC) held its annual shareholder meeting 2017 at the company headquarter in Soc Trang province (Vietnam).

Vietnam earned US$589 million from shipping shrimp to the EU in 2016, a yearly increase of 7.5%.

(seafood.vasep.com.vn) In Oct 2016, Vietnam’s shrimp exports gained over US$337 million, up 6% from Sep 2016 and 3% over the same period of 2016. The figure in Jan-Oct 2016 valued at US$2.58 billion, up 5.2% year on year. Total shrimp export value continued to increase thanks to high demand in markets, in which, exports to three major importing markets (US, EU, China) recorded the good growth.

(seafood.vasep.com.vn) Australia claims as the 9th biggest shrimp importer in the world, accounting for about 1.9% of total global export value of shrimp. In the last 5 years (2010-2015), the import volume of shrimp into Australia ranged from 31-42 thousand MT. That reached a peak at 42 thousand MT in 2010 and rocked the bottom point at 31 thousand MT in 2015 due to a fall in production, difficulties in global economics and currency fluctuations.

(seafood.vasep.com.vn) The net revenue from sales of goods and services of Camau Frozen Seafood Processing Import - Export Corporation (Camimex) in QIII/2016 reached VND220.3 billion, up from VND206.1 billion in the same period last year. The figure in Jan-Sep 2016 estimated at VND658.5 billion, up from VND603.4 billion in the same period of 2015.

(seafood.vasep.com.vn) Minh Phu Seafood Corporation (Minh Phu Seafood Corp) announced its net revenue from sales of goods and services in QIII/2016 with VND3,406 billion, down from VND3,679 billion in the same period last year. The figure in Jan-Sep 2016 estimated at VND8,122 billion, down compared to VND8,369 billion in the same period of 2015.

(seafood.vasep.com.vn) In the first 9 months of 2016, Vietnam shrimp exports to the US only decreased by 1.5% in June; exports in the remaining months reported the positive growth compared to the same period in 2015.

(seafood.vasep.com.vn) In QIII/2016, Vietnam shrimp exports to China reached US$105.8 million USD; up 11.7% compared to QIII/2015 but down 12% compared to QII/2016. The decline was due to China's economic instability, the yuan devaluation, leading to temporary reduction in importing demand. Despite the decrease in the third quarter, shrimp exports to the market in the first 9 months of this year grew 30.3% to US$323.3 million.

(seafood.vasep.com.vn) Through Sep 2016, Vietnam’s shrimp exports reported a positive growth compared to the same period of last year.

(seafood. vasep.com.vn) After the year-on-year decline in 2015, demand for shrimp imports into Japan was more positive in the early 2016. Shrimp imports into the market in Jan-Aug 2016 reached the volume of 132,198 MT, worth by US$1.4 billion; up 4.6% and 0.8%, respectively.

Shrimp exports rose 5.6% to US$2.2 billion during the first nine months of this year and are expected to hit US$3.1 billion this year.

(seafood.vasep.com.vn) Vietnam’s shrimp exports maintained the growth thanks to stable demand from major markets such as the U.S., EU, China, South Korea and the global shrimp price tend to rise amid the decline in global shrimp supply.

(seafood.vasep.com.vn) China is regarded as an alternative market for Vietnamese shrimp enterprises in the context of decline in shrimp exports to traditional markets.

(seafood.vasep.com.vn) In QII/2016, the net revenue (sales and customer service) of Sa Giang Import Export Corporation (Sagimexco) reached VND62.6 billion.

(seafood.vasep.com.vn) Mr. Nguyen Xuan Cuong, Minister of Vietnam Agriculture and Rural Development (MARD) said, Vietnam shrimp exports in 2016 expected to achieve more than US$3 billion, and total seafood exports will hit over US$7 billion.