As many as 2,500 fishermen from across the country took part in the rally organized by the National Federation of Fisheries Cooperative Associations, or JF Zengyoren.
“We have continued striving to save energy and cut costs, but the efforts have been more than offset by the rising costs for fuel for fishing boats,” JF Zengyoren leader Ikuhiro Hattori said at the outset of the rally.
He thus complained that the side effects of “Abenomics,” the aggressive economic policies of Prime Minister Shinzo Abe, are hurting the fishing industry.
Shuichi Yoshioka, head of the National Federation of Medium Trawlers, said, “With current levels of fuel prices, it is difficult to continue fishing operations.”
The protesters then marched around the office of the prime minister and the Diet. When fuel prices surged in 2008, some 200,000 fishing boats suspended operations.
This time the industry plans to hold street rallies across the nation between late May and early June. On Wednesday, fishermen called for public support in
The Fisheries Agency is considering increasing the state’s share in the financial support if fuel prices exceed a certain point.
JF Zengyoren, however, is demanding that the government cover all of the fuel cost increases resulting from the yen’s recent depreciation. The yen’s fall since November has pushed up the prices of fuel for fishing boats by ¥15 per liter, it said.
(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.
(seafood.vasep.com.vn) The Dong Thap Pangasius Festival 2024, themed 'Dong Thap Pangasius: Green Journey - Green Value', will take place on November 16-17 in Hong Ngu City.
The positive business momentum in the domestic seafood sector could last into the first half of 2025, according to experts.
(seafood.vasep.com.vn) In the first three quarters of 2024, brackish water shrimp production exceeded 1.1 million tons, with export revenue reaching $2.8 billion. The seafood industry has set a target of $4 billion for shrimp exports for the entire year.
While the price of 1 kg of shrimp hovers around 20 USD, the value of 1 kg of chitosan—extracted from shrimp—can soar to 500 USD. This highlights a significant challenge within the seafood processing industry.
(seafood.vasep.com.vn) By October, Vietnam's shrimp exports had generated nearly $3 billion, reflecting an increase of over 10% compared to the same period last year. Shrimp remains the leading commodity contributing to the export turnover of the entire seafood industry.
(seafood.vasep.com.vn) Sao Ta Foods Joint Stock Company (FIMEX VN - HoSE: FMC) concluded Q3/2024 with significant growth in revenue. Specifically, Sao Ta Food recorded revenue of VND 2,845 billion, a 58.6% increase year-on-year. The company's profit after tax reached VND 95 billion, up 6.2%.
VASEP's Seafood Export Report for the third quarter of 2024 provides a comprehensive overview of Vietnam's seafood export performance in the first nine months, with impressive results reaching $7.2 billion—an increase of 9% over the same period last year. In the third quarter alone, seafood exports grew by 15%, totaling $2.8 billion. This growth is attributed to a recovery in demand and prices in key markets such as the U.S. and China, as well as the competitive advantage of value-added products in markets like Japan and Australia.
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