(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) 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 catch in July 2022 of Ben Tre province was estimated at 17,500 tons, the accumulated in 2022 reached 111,500 tons, down 18% over the same period, reaching 47.1% of the year plan.

(seafood.vasep.com.vn) In Q2/2022, Vietnam's exports of fish cakes and surimi decreased continuously in the first 2 months of the quarter. Export value of fish cakes and surimi of Vietnam in Q2/2022 decreased by 3%, reaching 107 million USD.

(seafood.vasep.com.vn) FIMEX VIETNAM (HoSE: FMC) - a member unit of the PAN Group (HoSE: PAN) announced that sales of processed shrimp products in 7 months of 2022 reached 12,889 tons, an increase of 5.7%.

(seafood.vasep.com.vn) From the 4th position in Vietnam's pangasius import markets in 2021, this year Mexico has risen to the 3rd market, after China and the US. In the first 7 months of 2022, pangasius exports to this market grew by 73%, reaching 73.5 million USD, accounting for 4.5% of Vietnam's pangasius exports.

(seafood.vasep.com.vn) By mid-July 2022, Vietnam pangasius exports to the EU market reached nearly 122 million USD, an increase of 91% compared to the same period in 2021 and surpassed pangasius turnover in 2021 to this market ($106 million). This is a good sign for the pangasius industry after a long period of continuous decline in exports to the EU from 2010 onwards.

(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) In June 2022, Vietnam's total exports of marine products reached over 377 million USD, rising 32% to the same period in 2021. In the first 6 months of 2022, Vietnam's exports of marine products reached more than 2 billion USD, up 26% over the same period last year. Currently, marine products exports account for 35% of the country's total seafood export value.

(seafood.vasep.com.vn) In the first 6 months of 2022, the total value of Vietnam pangasius exports to China - Hong Kong reached US$427.6 million, up 107% over the same period last year. TG Fishery Holdings Corporation (TG Corp); International Development and Investment Corporation (IDI Corp); CADOVIMEX II Seafood Import-Export and Processing Joint Stock Company are the three enterprises with the largest export value to this market.

(seafood.vasep.com.vn) Shrimp farming model is directed towards ecological roles of natural products with no drugs and chemicals used, costs reduction, records the highest profit of up to 80 million VND/hectar/year.

(seafood.vasep.com.vn) The 2021 is a challenging year for Vietnamese tuna exporters to Egypt because of Egyptian government’s measures to prevent the covid 19 pandemic. Egypt's economy was severely damaged, demand for food consumption decreased along with the policy of reducing imports and increasing exports to narrow the trade deficit had created an unfavorable condition for Vietnam tuna exporters. Vietnam's tuna exports to Egypt in the year are unstable, falling for many months compared to the same period in 2020.

(seafood.vasep.com.vn) According to Mr. Nguyen Van Dao - General Director of Go Dang Joint Stock Company (GODACO), in the first half of 2022, export turnover, export volume and revenue of the company are about the same as the first half of 2021.

(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.