The Q1 figure included 4.6 billion USD coming from farm produce (up by 9 percent year on year), 1.7 billion USD from aquatic products (up 11.5 percent), and nearly 2 billion USD from forestry items (up 6.6 percent).
Up to 524,000 tonnes of rice were shipped abroad for 261 million USD in March, raising the total rice export volume in January-March to 1.36 million tonnes for 669 million USD, representing rises of 9.4 percent in volume and 24 percent in value from the same January-March period in 2017.
China still remained the top importer of Vietnamese rice, accounting for 24.4 percent of the marker share. There was a surge in Vietnam’s export value from Iraq (5.7 times) and Malaysia (2.7 times).
In the three-month period, cashews were estimated to earn 739 million USD from 73,000 tonnes, showing surges of 43.6 percent and nearly 31 percent, respectively from the same period last year.
The US, China, and the Netherlands remained the three largest importers of Vietnam’s cashews.
Vegetables and fruits raked in 934 million USD, up over 33 percent from the same quarter in 2017.
The country’s other major farm produce, like coffee, rubber, and peppercorn, however, experienced a decline in export earnings.
Peppercorn, for example, faced a 37 percent drop in export value, bringing home only 203 million USD.
Rubber saw a decrease of nearly 21 percent in export value, earning 403 million USD for 272,000 tonnes (which is up by 8.9 percent).
Up to 520,000 tonnes of coffee were sold abroad for 1 billion USD, up by 15.1 percent in volume but down by 1.7 percent in value when compared with the same time last year.
In the three-month period, the country imported farm, forestry and fishery products worth 6.89 billion USD, up by 8.4 percent from the same period last year, the ministry said.
Source: VNA
(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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