According to the Ministry of Agriculture and Rural Development, export value of key farm produce hit 3.3 billion USD, a year-on-year rise of 27.8 percent.
Meanwhile, revenue from aquatic and forestry product shipments reached 1.2 billion USD and 1.43 billion USD, increases of 29.5 percent and 28.5 percent, respectively.
In February, Vietnam earned 179 million USD from export of about 369,000 tonnes of rice, raising the Jan-Feb rice exports to 861,000 tonnes, worth 419 million USD, up 17.2 percent in volume and 34 percent in value over the corresponding period in 2017.
Other products saw increases in both volume and value, including coffee, tea, cashew nuts, vegetable and fruits, cassava, and cassava products.
Cashew nut export topped the list in the Jan-Feb period, with 54,000 tonnes shipped abroad, worth 555 million USD, up over 73 percent and nearly 95 percent, year on year. It was followed by vegetables and fruit, worth 672 million USD, up 59.5 percent.
Export revenue of rubber and pepper increased 29.5 percent and 36.5 percent to 348 million USD and 121 million USD, respectively.
According to the Ministry, agro-forestry-fishery imports in February were estimated at 2.57 billion USD, raising the total value in the first two months to 5.29 billion USD, a year-on-year increase of 30.6 percent.
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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