With Vietnam’s main agro-forestry-fishery export markets after China such as the US and Europe being hit by the new coronavirus-caused acute respiratory disease (COVID-19), Vietnamese exporters are suffering.
Nguyen Dinh Tung, Chairman and CEO of Vina T&T Group, which exports fresh fruits to several demanding markets, said fruit exports by air to the US and EU were down 70-80 percent since many airlines had stopped flights.
"Shipments by sea are relatively stable but customs clearance in importing countries is expected to be prolonged because workers and officials are absent from work due to the pandemic, which could affect the goods quality.
“Therefore, at least in the next one month, vegetable and fruit exports to these markets will drop sharply."
After that the export situation would depend entirely on how the countries control the pandemic, he said.
His company now exports only three items, coconut, longan and durian, because they last long, and temporary stops exporting other fruits.
Dang Phuc Nguyen, General Secretary of the Vietnam Fruits and Vegetable Association, said most fruits and vegetables were exported in fresh form and by air.
The sector must improve storage and packaging technologies to enable the products to last over 30 days so that they could be shipped to Europe and the US by sea, he added.
Truong Dinh Hoe, General Secretary of the Vietnam Association of Seafood Exporters and Producers (VASEP), said the main seafood export markets such as China, the US, the EU, Japan, and the Republic of Korea had all been hit by COVID-19.
In the first two months of the year seafood exports were worth nearly 935 million USD, down 15.9 percent from the same period in 2019, with exports to China down by 46.8 percent to 80 million USD, and to the EU by 17.4 percent to 106 million USD and to the Republic of Korea by 16 percent to 90 million USD.
According to VASEP, shrimp exporters expect the China market to recover in April and will focus on shipping by sea.
Pangasius exports to China are expected to recover by 70 percent in May and fully recover in June.
Exporters will restrict exports to China through intermediaries and outsourcing to avoid oversupply.
In the case of non-essential items such as wood and wood products, demand could slump at a time like this. According to the Vietnam Timber and Forest Products Association (VIFOREST), exports of timber and timber products will plummet in the next three months, especially to the country’s five key export markets that are severely affected by the pandemic.
The five are the US, EU, China, Japan and the Republic of Korea, which buy nearly 90 percent of the country’s total exports.
Importers in these markets have informed suppliers in Vietnam they would delay or stop buying or defer payment.
According to insiders, agricultural exports in the first two months of the year were estimated at 5.34 billion USD, down 2.8 percent year-on-year.
If the Government and related ministries did not provide timely support, the sector’s export prospects were very gloomy, they said.
VNA
SSI forecasts a 28% year-on-year increase in after-tax profit attributable to the parent company of Vinh Hoan Corporation (VHC), driven by a gradual improvement in average selling prices from USD 3.15/kg in 2024 to USD 3.30/kg (+5%) in 2025. An Giang Fisheries Import-Export Joint Stock Company (ANV)'s after-tax profit attributable to the parent company is projected to rebound by 104%.
In 2025, the Mekong Delta province of Bac Lieu aims to earn 1.2 billion USD from exporting shrimp, one of the key export products that accounts for over 95% of its total export value.
(seafood.vasep.com.vn) The Report on Vietnam Pangasius Sector 2015–2024, produced and released by the Vietnam Association of Seafood Exporters and Producers (VASEP) in January 2025, is expected to provide enterprises, importers, and government agencies with a comprehensive overview of key developments in Vietnam's pangasius production and export over the past decade. In addition to highlighting achievements, the report identifies existing challenges and analyzes future opportunities and threats for the pangasius industry.
(vasep.com.vn) Overcoming two years of fluctuation in both export markets and domestic production, Vietnam's pangasius industry has demonstrated resilience, adaptability, and a strong determination to seize opportunities and boost exports to various markets. As a result, in 2024, pangasius exports reached USD 2 billion, a 9% increase compared to 2023. This achievement is a source of pride for Vietnam's aquaculture and agriculture sectors.
(seafood.vasep.com) Speaking at a conference to implement the 2025 plan of the Ministry of Agriculture and Rural Development, Prime Minister Pham Minh Chinh urged the agricultural sector to strive for a total export turnover of agricultural, forestry, and fishery products reaching $70 billion by 2025.
With robust production and processing infrastructure, combined with continuous market development efforts, Vietnam’s seafood exports are poised for 10–15% growth in 2025.
In 2025, seafood exports are expected to continue to grow better and could reach 11 billion USD as in 2022. However, this is also the year the seafood industry will face challenges, including increased competition from other countries, trade wars and market barriers...
(seafood.vasep.com.vn) On the afternoon of December 25, at Toan Thinh Conference Center (Soc Trang City), the Soc Trang Fisheries Sub-department, under the Department of Agriculture and Rural Development of Soc Trang, held a conference to review the 2024 aquaculture activities and outline the brackish water shrimp farming plan for 2025. The event was attended by Ms. Quach Thi Thanh Binh, Deputy Director of the Department of Agriculture and Rural Development of Soc Trang.
The Mekong Delta province of Soc Trang aims to achieve export value of over 1.9 billion USD in 2025 by boosting production and processing of key products such as seafood, high-quality rice, fruits, and garments.
The UK-Vietnam Free Trade Agreement has significantly boosted Vietnamese seafood exports, with shrimp and pangasius leading the charge in the UK market.
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