(seafood.vasep.com.vn) 2022 is a year with many changes and difficulties for the import-export industry, including the seafood industry. However, Vietnamese seafood enterprises have turned challenges into opportunities, taking advantage of FTAs as well as market demand to boost exports in 2022. As a result, by the end of October, Vietnam's seafood exports brought in US$9.4 billion, up 33% over the same period last year.

(seafood.vasep.com.vn) In the last days of October 2022, Vietnam's seafood industry was quite busy and nervous with the event that the EU inspection delegation came to inspect the reality of Vietnam's fishing industry and how Vietnam implemented recommendations against IUU fishing and any improvement.

(seafood.vasep.com.vn) Profit after tax (PAT) in the Q3 of seafood enterprises such as VHC, ANV, and FMC, still increased sharply compared to the low base level of the same period but has passed the peak of the Q2. In contrast, the PAT of MPC in the third quarter declined YoY but increased QoQ.

(seafood.vasep.com.vn) In August seafood exports decreased because demand from consuming markets slowed down. Fortunately, this month, orders have gradually increased, enterprises were also actively changing their production to match the market situation.

(seafood.vasep.com.vn) In September 2022, seafood exports were estimated at over $850 million. Although still 36% higher than the same period last year, this is the first time after 7 months, seafood exports fell below 900 million USD. By the end of the Q3/ 2022, Vietnam's seafood exports reached $8.5 billion, up 38% over the same period last year.

(seafood.vasep.com.vn) With an export turnover of 21 million USD, Vietnam became the second largest seafood supplier in Switzerland, after Norway.

Vietnam’s seafood exports to the UK are expected to pick up in the remaining months of this year with the full-year revenues projected to increase by 5% over last year, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

(seafood.vasep.com.vn) Vietnam's seafood exports in the first half of 2022 achieved a record high growth rate of 40%, despite global inflation and geopolitical instability. However, from July 2022, along with the difficulty of raw materials, the shadow of inflation seems to have begun to obscure the overall picture of Vietnam's seafood exports. Inflation and dollar appreciation are weighing on the seafood consumption in markets, especially large markets such as the US, EU, China, UK...

(seafood.vasep.com.vn) Thanks to the increased consumption demand of the foreign market, the seafood processing and export activities in Binh Thuan province have recovered and prospered again in the first months of 2022.

(seafood.vasep.com.vn) On August 24, the Vietnam International Seafood Expo - Vietfish 2022 organized by the Vietnam Association of Seafood Exporters and Producers - VASEP opened at the Saigon Exhibition and Convention Center (SECC) - 799 Nguyen Van Linh, District 7 (HCMC).

(seafood.vasep.com.vn) The seafood export markets of Ca Mau province has recently been expanded thanks to free trade agreements. In particular, this year's seafood export turnover of Ca Mau has increased by more than 42% over the same period.

(seafood.vasep.com.vn) The USD is increasing in value, causing the JPY and EUR to depreciate too much against the USD. This may cause disturbances in the world currency market and affect the import and export of goods, including seafood of Vietnam.

(seafood.vasep.com.vn) After reaching “hot” growth from 39% to 62% in the first 4 months of the year, Vietnam seafood exports since May showed signs of cooling down. Accordingly, seafood exports increased by 34% in May and by 18% in June. Seafood exports in July continued the trend with the export value of 970 million USD, increasing by 14% compared to the same period in 2021 but decreasing 4% compared to the previous month.

(seafood.vasep.com.vn) In the first 6 months of 2022, Dong Thap Province’s exports of seafood products and rice had impressive growths. The traditional markets are maintained and strengthened while a new trend of shifting markets (from Asian market to Europe) appeared.

(seafood.vasep.com.vn) Vietnam's pangasius exports in the first 6 months of the year recorded a growth in almost all major markets. The total export value of pangasius reached 1.42 billion USD, up 82.4% over last year’s same period. However, from Q3/2022, this growth rate is expected to slow down in some markets.