The export of aquatic products to the western nation experienced a fall in 2015 and 2016. The recovery in the market will spur seafood consumption in the EU market after a steep decline due to issues related to exchange rates, economics and politics.
The Netherlands has been a stable import market of Vietnamese aquatic products as the country purchases not only for domestic consumption but also re-export to nations in the EU bloc, according to Truong Dinh Hoe, General Secretary of the Vietnam Association of Seafood Exporters and Producers (VASEP).
Food safety and hygiene, and a free trade agreement between Vietnam and the EU which will take effect at the end of 2017 or the beginning of 2018 have prompted the EU countries to increase imports of Vietnamese aquatic products, particularly shrimps, VASEP said.
Vietnam’s cashew nut exports to the Netherlands also enjoyed a considerable hike in the first half of the year. The country sold 222.5 million USD worth of cashew nuts in the market, up 37.6 percent from the same period last year. The Netherlands became the second largest importer of Vietnamese cashew nuts, behind the US (543.3 million USD).
In his recent official visit to the Netherlands, Prime Minister Nguyen Xuan Phuc lauded the country’s support for the sustainable development of the Vietnamese food industry. On the occasion, Vietnam invited the Netherlands to attend the Vietnam International Food Industry Exhibition 2018 (Vietnam Foodexpo 2018) as an honourable guest.
Hoe said that the event will bring the images of Vietnamese foods, including aquatic products, closer to consumers in the Netherlands as well as other EU countries, especially those with high demand.
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.
VASEP - HIỆP HỘI CHẾ BIẾN VÀ XUẤT KHẨU THỦY SẢN VIỆT NAM
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