The total aquatic production is estimated at 7 million tonnes, down 3.8 percent year-on-year. Up to 3 million tonnes of which will be caught offshore and the remainder will be bred, down 13.3 percent and up 4 percent, respectively.
The sector also targeted that shrimp output in brackish water will hit 720,000 tonnes, marking a 13.1 percent rise while tra fish output will increase 4 percent to 1.3 million tonnes.
Acting Director General of the Directorate of Fisheries Nguyen Ngoc Oai said in order to achieve the above targets, the sector will closely watch weather conditions, maintain tiger prawn output and develop white-legged shrimp breeding in advantageous areas.
It will also arrange production in value chain, launch farming models up to VietGAP standards in combination with new rural development, build full procedures for seafood certification before export, and promote responsible fishing among businesses and farmers.
Last year, the total aquatic export earnings hit 8.3 billion USD, up 17.8 percent annually and 16.9 percent of the target. The total aquatic production volume and value reached 7.1 million tonnes and 212.360 trillion VND (9.43 billion USD), up by 5.5 percent and roughly 6.2 percent, respectively.
The combined volume of caught seafood hit 3.3 million tonnes while the remainder was bred.
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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