With a long coastline of over 3,260 km and an exclusive economic zone of over 1 million km2, marine resources of the country are considered to be rich and diverse, with more than 2,000 species of marine life. The output from inshore and offshore fishing increased by an average of 5% per year. Total annual capture production has increased from 2 to 3 million MT per year.
In addition, the sector of fishing, processing and exporting marine products of Vietnam is highly developed, contributing significantly to the growth of marine product export turnover, opening a promising direction for offshore fishing industry. The value of marine product export turnover has grown rapidly in the past two decades, up from US$355 million to US$2.7 billion, an increase of 652%.
Vietnam's marine products for exports are increasingly diversified. Products such as tuna, cephalopod, bivalve mollusks, crab and surimi are currently getting much higher export turnover than 1998-1999. In particular, tuna and cephalopod account for high proportion of total marine product exports of the country.
In the past 20 years, tuna has been one of the three major export products of Vietnam. The export value of tuna products increased from US$14 million to US$593 million, an increase of 4,109%. The share of tuna exports in Vietnam’s total marine product exports has increased from 4% to 22%. The major export species of Vietnam include yellowfin tuna, bigeye tuna, longfin tuna, southern bluefin tuna and striped tuna. In terms of product structure, if in the period of 1998 - 2007, Vietnam mainly exported raw tuna; in the past 10 years, enterprises have paid much attention to increase the value of products and exports of processed tuna products such as tuna loins/fillets, canned tuna in oil and tuna pouch.
Along with tuna, Vietnam’s cephalopod exports also increased continuously through the years. The export value has risen from US$92 million to US$621 million in the last 20 years, up 572%. And for the past 20 years, cephalopod exports always occupied a large proportion in total marine product exports.
By 2017, Vietnam's marine products have been exported to more than 184 markets in the world. Of that, Japan, the EU, the U.S, ASEAN, South Korea and China held as the six largest marine product importers of Vietnam, accounting for over 81% of total marine product export value.
However, Vietnamese marine products have to strongly compete with the same items from rivals as well as face difficulties such as technical barriers to trade in main markets.
With so many difficulties, but over 20 years with many efforts, Vietnam's marine product industry is gradually growing. The export value is increasing and it is forecasted that Vietnam’s marine product exports in the coming time will increase slightly.
(seafood.vasep.com.vn) On November 18, Ms. Truong Ha Phuong Anh, Director of the Center for Investment Promotion and Business Support (iPEC), stated that during the Ca Mau Province Agricultural and Aquatic Products Trade Promotion Conference 2024, held on November 15, there were 209 direct trade interactions between 42 seafood processing and exporting enterprises, OCOP producers in the province, and five leading domestic retail companies: Central Retail, Saigon Co.op, Kingfood Mart, Bach Hoa Xanh, and Satra Supermarket.
In 2024, the Binh Dinh Agricultural Extension Center successfully implemented a semi-intensive and intensive two-stage whiteleg shrimp farming model using Semi-Biofloc technology.
(seafood.vasep.com.vn) Recently, the area dedicated to super-intensive, high-density whiteleg shrimp farming in Trà Vinh Province has been rapidly expanding due to its high productivity and economic efficiency.
(seafood.vasep.com.vn) In collaboration with provincial authorities, specialized agencies, and local coastal governments, seafood processing and export enterprises in Binh Dinh Province are actively working to address issues related to illegal, unreported, and unregulated (IUU) fishing. The shared goal is to have the European Union's "yellow card" removed this year.
(seafood.vasep.com.vn) Ca Mau Province has affirmed its position as the "shrimp kingdom" of Vietnam, with the largest area for ecological shrimp farming in the country.
(seafood.vasep.com.vn) According to data from Vietnam Customs, the export value of pangasius in October 2024 reached nearly $202 million, representing a 17% increase year-on-year. Cumulatively, pangasius exports to various markets in the first ten months of 2024 totaled $1.7 billion, marking a 9% growth compared to the same period last year.
(seafood.vasep.com.vn) On the afternoon of November 6th, Vietnam time, U.S. media announced the preliminary vote count showing that Donald Trump won the 2024 U.S. presidential election. His victory is expected to bring significant changes in taxes, trade, investment, and more. As a result, Vietnam's tuna exports will also be affected.
(seafood.vasep.com.vn) The US remains Vietnam’s largest single market for shrimp imports, accounting for 20% of Vietnam's total shrimp exports globally. As of October 15th, 2024, Vietnamese shrimp exports to the US reached nearly 600 million dollas, marking a 10% increase compared to the same period in 2023.
(seafood.vasep.com.vn) According to Vietnam Customs, pangasius exports to Canada reached over 1 million USD in the first half of October 2024, a 33% decrease compared to the same period last year. However, by October 15, 2024, total pangasius exports to Canada had reached 32 million USD, reflecting a 10% increase compared to the same period in 2023.
(seafood.vasep.com.vn) Cà Mau is accelerating its digital transformation, developing green industries, and promoting high-tech processing of agricultural and aquatic products, with a focus on sustainable economic growth and environmental protection.
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