(seafood.vasep.com.vn) The European Commission said it will accompany Vietnam in sustainable fisheries development. In particular, the EU wants to support Vietnam to become a world model in sustainable development of the fisheries industry and combating IUU fishing.

(seafood.vasep.com.vn) Market's gradual recovery along with China's ban on seafood imports from Japan create an opportunity for Vietnam's seafood exports to "turn around" at the end of this year.

(seafood.vasep.com.vn) By the first half of August, Vietnam's seafood exports reached 5.3 billion USD, down 25% compared to the same period in 2022. By August 2023, seafood exports are estimated to reach nearly 5.8 billion USD, about 25% lower than in the first 8 months of 2022.

(seafood.vasep.com.vn) Due to the wastewater release, Chinese people are hesitant to consume even domestically caught seafood in some waters near Japan. Therefore, the import demand of seafood in China will increase, including Vietnam.

(seafood.vasep.com.vn) Vietfish 2023's three days of bright and colorful experiences came to a conclusion with a lot of emotions and results that exceeded expectations, providing encouraging signs for seafood in the year-end time.

(seafood.vasep.com.vn) VIETFISH 2023 will officially take place at the Saigon Exhibition and Convention Center from August 23 to 25, 2023, with the theme: 'Quality Connected Destination.' The event marks a 24-year journey of the VIETFISH and is also the starting point for a new and energetic journey.

(Seafood.vasep.com.vn) Sao Ta Food JSC (stock code FMC - HoSE) has just announced its business results in July 2023 with overall sales of US$ 21.3 million. The above sales are equivalent to the same period last year, but compared to June 2023, sales have increased by 18%. This is also the highest revenue in nearly 1 year of this business.

(seafood.vasep.com.vn) In the first half of 2023, Vietnam's seafood industry faced difficulties due to a struggling economy. High inflation led to less seafood consumption, reduced import demand, and increased competition between Vietnam and other seafood exporters. This caused a 27% drop in seafood exports compared to the same period last year.

(seafood.vasep.com.vn) The UAE imports around 250,000 tons of seafood/year, worth 750-800 million USD. The top 4 suppliers are India, Thailand, Norway, and Vietnam, with India holding a dominant market share of 20%-24%, primarily in frozen shrimp. Vietnam's share is 6%-9%, mainly in frozen pangasius fillets.

(seafood.vasep.com.vn) Vietnam's seafood export turnover in the second quarter of 2023 reached over 2.3 billion USD, 30% higher than the first quarter. However, compared to the same period in 2022, the negative growth rate of 27.5% remained unchanged from the first quarter. Therefore, by the end of the first half of this year, seafood exports were 27.5% lower than the same period last year, reaching 4.15 billion USD. While exports to most markets such as the US and EU decreased significantly (down 46% and 33% respectively), exports to the CPTPP bloc still had more positive results.

(seafood.vasep.com.vn) Under Document No 5631, the eligible borrowers of this credit package are customers who have projects or plans to serve production and business activities in forestry and fishery areas.

(seafood.vasep.com.vn) Looking at the seafood export value month by month from the beginning of the year, it’s clear that there is a gradual recovery, the next month is higher than the previous month. However, accumulated in the first 6 months, Vietnam's seafood export is still 27% lower than the same period last year, reaching nearly 4.2 billion USD.

(seafood.vasep.com.vn) Fishery output in the second quarter of 2023 was estimated at 2,370.4 thousand tons, up 1.6% over the same period last year. Specifically, fish reached 1,680.5 thousand tons, up 1.2%; shrimp reached 352.3 thousand tons, up 3.8%; other aquatic products reached 337.6 thousand tons, up 0.9%.

(seafood.vasep.com.vn) Vietnam's seafood exports to the US in the first 5 months of 2023 decreased by nearly half compared to the same period in 2022, reaching 563 million USD. All major products experienced a sharp decline of 30-60%. Exports of shrimp and pangasius fell the most, 42% and 62% lower than the same period last year.

(seafood.vasep.com.vn) According to customs statistics, Vietnam seafood exports in the first 5 months of 2023 were 29% lower than the same period last year, reaching only about 3.4 billion USD. Particularly, seafood export turnover in May reached over USD 808 million, the highest since the beginning of the year, showing a signal that the market is getting better. Key commodities are gradually reducing the decline over the same period. Exports to key markets such as the US, EU, China, Japan, and South Korea all achieved the highest sales since the beginning of the year.