(seafood.vasep.com.vn) Since the 10th day of Lunar New Year, many businesses have officially resumed operations and are starting to export goods.
According to Mr. Ho Quoc Luc, Chairman of the Board of Directors of Sao Ta Food JSC, the company's processing plants are currently working hard to meet orders and prepare for the first export shipments of the Lunar New Year immediately after returning to work after the long holiday.
In January 2024, the company's processed shrimp production increased more than doubled compared to the same period last year, reaching 1,250 tons. At the same time, processed shrimp consumption reached 1,614 tons, equal to 145% of the same period last year.
The output of processed agricultural products was 189 tons, equal to 116% of the same period last year. Total revenue was 19.2 million USD, equal to 126% of the same period last year.
According to the company's leader, this year, shrimp farm workers and the company's leaders have experienced their first Lunar New Year at the shrimp farm, as this is the first year the company has implemented the off-season shrimp crop, stocking from late November 2023 to prepare raw materials for processing for export in 2024.
In the South, since the 10th lunar day, many businesses have resumed operations and started production. Immediately after returning to operation after the Tet holiday, many businesses have exported goods.
In which, Global Trading Connection Company Ltd. exported 2 containers of about 18 tons of processed coffee, such as mango coffee, salt coffee, noni coffee... to Australia. Previously, this company shipped 1 container of processed coffee to Australia to be sold at Australian supermarkets on the 4th day of Tet.
However, according to the assessment of businesses, although there have been positive signs in exports, they are facing new difficulties. In particular, Vietnam's seafood exports have shown signs of recovery and are likely to increase again in 2024, especially in the second half of the year. In which, the export of two main seafood products, shrimp and pangasius, basa will recover after a sharp decline in 2023.
According to Vietnam Association of Seafood Exporters and Processors (VASEP), in 2024, Vietnam's shrimp exports will increase by 10-15% compared to 2023; pangasius exports are expected to reach 2 billion USD.
However, the tensions in the Red Sea are causing a lot of difficulties in the transportation of goods in general and seafood in particular, as freight rates are increasing. The high selling price will greatly affect the decision to buy goods. Currently, businesses are considering exports to nearby markets to reduce transportation costs.