According to the Agro Processing and Market Development Authority (AgroTrade) under the Ministry of Agriculture and Rural Development, Vietnam was estimated to earn 18.1 billion USD from its main farming products (up 3.1 percent), 8.1 billion USD from seafood (up 6.8 percent), 0.51 billion USD from husbandry (up 13 percent), and 8.6 billion USD from main forestry products (up 18 percent).
In the period, some 5.7 million tonnes of rice were shipped abroad, bringing in 2.9 billion USD, increasing 5.6 percent in volume and 17.7 percent in value compared to the same period in 2017.
Although rice exports to China fell sharply (30 percent), the neighbouring country remained the largest rice importer of Vietnam as it mounted to 24.1 percent of the market share.
Rice exports are likely to hit 6.15 million tonnes for the whole year, stocked up by rising purchase demands in some countries. Recently, Vietnam clinched a deal to ship 118,000 tonnes of 25 percent broken rice to the Philippines in its tender for imports of 500,000 tonnes of rice to refill its exhausted reserves.
Regarding coffee, the country raked in 3.3 billion USD from selling 1.73 million tonnes of the beans abroad, up 23.4 percent in volume and 3.2 percent in value year-on-year.
Coffee price in November fluctuated in line with the global trend. The price is forecast to experience brief lulling period as Brazil’s bumper conilon robusta coffee crop is able to supply 4-5 million sacks for exports.
Pepper price continued to fall during the period, making export turnover slide 32.5 percent year-on-year to 718 million USD despite an increase in export volume. The same trend was seen in shipments of rubber and cashew.
Meanwhile, fruit and vegetable exports posted 3.5 billion USD, up 11.6 percent year-on-year.
The AgroTrade also said that Vietnam splashed out 28.8 billion USD importing agro-forestry-fishery products in the period, soaring 13.6 percent from the same period in 2017.
Seafood export earnings surge 6.8%
Vietnam’s seafood export turnover in November reached 852 million USD, raising the total value in 11 months to 8.1 billion USD, a year-on-year increase of 6.8 percent.
Main contributors to the increase were tra fish (2 billion USD), tuna and cuttlefish (600 million USD) and octopus (609 million USD).
The Agro Processing and Market Development Authority (AgroTrade) under the Ministry of Agriculture and Rural Development said that the US, Japan, China, and the Republic of Korea were the four largest importers of Vietnamese seafood.
Meanwhile, markets with strong growth are Thailand (17.1 percent), the UK (14.5 percent), the Republic of Korea (12.2 percent) and Australia (11 percent).
During January-November, the country spent 1.58 billion USD purchasing seafood from foreign countries, up 21.3 percent from the same time in 2017.
The AgroTrade gave positive outlook for shrimp shipment in December and at the outset of 2019 as supply from large importers have dwindled dramatically.
VNA
(seafood.vasep.com.vn) Sao Ta Foods Joint Stock Company (ticker symbol FMC - HoSE), one of Vietnam's largest shrimp exporters, recently announced its 2024 business results.
(seafood.vasep.com.vn) The United States remains one of the largest importers and consumers of Vietnamese pangasius, primarily in the form of frozen fillets. However, in recent years, the country has significantly increased its imports of value-added pangasius products.
(seafood.vasep.com.vn) After reaching a peak of nearly USD 6 million in June 2024, the export value of Vietnamese tuna to Italy has stagnated and continuously declined in the last five months of the year. Cumulatively, by December 15, 2024, export turnover to this market decreased by 18% compared to the same period in 2023, reaching over USD 30 million. With this decline, Italy is no longer Vietnam's largest tuna import market within the EU bloc.
The Mekong Delta province of Tien Giang, with its 32-km coastline, is well-positioned to develop a thriving seafood industry. Recognising the importance of sustainable offshore fishing, local authorities have implemented policies to modernise the fishing fleet and support operations in offshore waters.
(seafood.vasep.com.vn) On the evening of December 23, 2024, in Ho Chi Minh City, the Vietnam Association of Seafood Exporters and Producers (VASEP) held a ceremony to celebrate the seafood export milestone of 10 billion USD, with hopes for continued growth in 2025. The event was attended by Deputy Minister of Agriculture and Rural Development Phung Duc Tien, Deputy Minister of Foreign Affairs Nguyen Minh Hang, and representatives from various ministries, as well as domestic and international partners.
(seafood.vasep.com.vn) With a market share exceeding 10% in Vietnam's aquafeed sector, Sao Mai Super Feed has affirmed its position as one of the leading brands, making a significant contribution to the development of the pangasius industry and elevating Vietnamese pangasius products on the international stage.
Secretary General of the Vietnam Association of Seafood Exporters and Producers (VASEP) Nguyen Hoai Nam said that in the past 5-6 years, Vietnam's seafood export value has only hovered around 8-10 billion USD/year. To reach the value of 16 billion USD by 2030, Mr. Nam proposed establishing corporations/enterprises to exploit the sea.
(seafood.vasep.com.vn) Vinh Hoan Seafood (stock code VHC) announced that its export turnover to three key markets— the U.S., EU, and China—grew between 32% and 40% in November 2024 compared to the same period in 2023.
(seafood.vasep.com.vn) Shrimp exports for the first 11 months of 2024 brought in nearly 3.6 billion USD, up 22% compared to the same period last year. Exports to major consumption markets all recorded double-digit growth.
(seafood.vasep.com.vn) In 2023, total pangasius imports into the European Union saw a significant decline compared to the previous year. Approximately 70,000 tons were imported, 3,000 tons less than in 2022, according to a report from FAO-Globefish.
VASEP - HIỆP HỘI CHẾ BIẾN VÀ XUẤT KHẨU THỦY SẢN VIỆT NAM
Chịu trách nhiệm: Ông Nguyễn Hoài Nam - Phó Tổng thư ký Hiệp hội
Đơn vị vận hành trang tin điện tử: Trung tâm VASEP.PRO
Trưởng Ban Biên tập: Bà Phùng Thị Kim Thu
Giấy phép hoạt động Trang thông tin điện tử tổng hợp số 138/GP-TTĐT, ngày 01/10/2013 của Bộ Thông tin và Truyền thông
Tel: (+84 24) 3.7715055 – (ext.203); email: kimthu@vasep.com.vn
Trụ sở: Số 7 đường Nguyễn Quý Cảnh, Phường An Phú, Quận 2, Tp.Hồ Chí Minh
Tel: (+84) 28.628.10430 - Fax: (+84) 28.628.10437 - Email: vasephcm@vasep.com.vn
VPĐD: số 10, Nguyễn Công Hoan, Ngọc Khánh, Ba Đình, Hà Nội
Tel: (+84 24) 3.7715055 - Fax: (+84 24) 37715084 - Email: vasephn@vasep.com.vn