(seafood.vasep.com.vn) Vinh Hoan JSC approved the plan to buy land to fund aquaculture in An Giang province.

(seafood.vasep.com.vn) In January 2023, Vietnam's shrimp exports reached 141 million USD, down 55% compared to the same period in 2022. January this year coincided with the Tet holiday, market demand declined, raw shrimp was scarce, so the shrimp exported still followed the downturn of the end of 2022.

(seafood.vasep.com.vn) Vietnam's exports of cephalopod in January 2023 were estimated at US$65.8 million, up 4% over the same period in 2021. Export of this item is expected to reach about US$875 million in 2023, an increase of 15% compared to 2022.

(seafood.vasep.com.vn) In January 2023, Vietnam's shrimp exports reached 141 million USD, down 55% compared to the same period in 2022. January this year coincided with the Tet holiday, market demand declined, raw shrimp was scarce, so the shrimp exported still followed the downturn of the end of 2022.

(seafood.vasep.com.vn) Ecuador exported more than 1 million tons of shrimp in 2022. This impressive achievement helps Ecuador become the first country to reach the milestone of exporting 1 million tons of shrimp.

Vietnam has great potential and advantages to develop oyster production chains, experts said at a conference on aquaculture technology organised in Ho Chi Minh City on February 14 by the Japan International Cooperation Agency (JICA).

(seafood.vasep.com.vn) In 2022, Vietnam pangasius exports to China & Hong Kong reached 712 million USD, up 58% compared to 2021. The two main product lines exported to China are frozen pangasius fillets (HS code 030462) accounted for over 74% of the value with 531 million USD and frozen pangasius butterfly (HS code 030324) accounted for over 25% with nearly 180 million USD.

(seafood.vasep.com.vn) Although the US economy grew more than expected in the last quarter of 2022, consumer demand in the US consumer group remained low. This also shows that the economic recession is still a big risk in 2023. And this will definitely affect Vietnam's tuna exports to the US.

(seafood.vasep.com.vn) Although in the last quarter of 2022, Vietnam's pangasius exports fell to the lowest level of the year with 475 million USD, down 12% compared to the same period in 2021 due to the impact of inflation. However, compared to other seafood sectors, pangasius still has a better prospect in 2023, thanks to positive signals from two major markets, China and the US.

(seafood.vasep.com.vn) On the first working day after the Tet holiday, workers of Hung Ca Co.Ltd are busy preparing for an export order of 21 pangasius fillets (equivalent to 400 tons). The company’s leaders are very optimistic about the pangasius exports in the new year. In 2022, the company exports pangasius worthed about 350 million USD.

(seafood.vasep.com.vn) Thanks to the changing market structure and increase in deep processing, FIMEX VN, one of the mainstay shrimp exporters in Mekong Delta recorded high export revenue.

(seafood.vasep.com.vn) At the meeting to summarize the agricultural sector in 2022 on the afternoon of January 10, the leader of the Department of Agriculture and Rural Development of Soc Trang province, said that the total area of aquaculture in the province reached 75,355 hectares (freshwater, brackish water, salt water ), exceeding 0.47% of the plan (75,000 ha) and increasing 4.28% over the previous year. Total seafood production of Soc Trang province reached 352,763 tons, exceeding 0.22% of the plan (352,000 tons), increasing by 0.6% compared to the previous year (2,121 tons).

(seafood.vasep.com.vn) According to SSI Securities Corporation (SSI), inflation in 2023 continues to be a challenge for Vietnam's seafood industry. In that context, the pangasius industry is expected to prosper when the largest export market, China, has reopened.

(seafood.vasep.com.vn) Vietcombank Securities (VCBS) believes that the US and China are attractive destinations for Vietnamese pangasius enterprises thanks to favorable factors such as reasonable prices in the context of inflation, 0% anti-dumping tax and the open market after COVID.

According to the Ministry of Agriculture and Rural Development, the price of raw pangasius and shrimp in the Mekong Delta provinces in December 2022 decreased slightly in the context of many difficulties.