EU is an export market that brings high added value and is the destination of many seafood exporters in Ba Ria – Vung Tau. With 20 enterprises authorized for export to EU, its average annual seafood export turnover reaches US$200 million. So far this year, Ba Ria – Vung Tau’s export turnover to this market decreased by 11% over the same period of 2009. Besides such common difficulties as lack of raw materials for processing, lack of labor, problems of domestic and international legal regulations, the biggest trouble is weakening EUR and decreasing expenditure.
Mr. Le Van Khang, General Director of Coimex said that exporters to EU must meet such mandatory standards as food hygiene, safety, labeling manners, documentation, delivery deadlines, etc as well as understand “rules” of importers to maintain this market.
Although more strict requirements, EU remains an ideal market for exporters with the attractiveness of price and high input power. Mr. Nguyen Canh Cuong, Deputy General Director of European Market Department, Ministry of Industry and Trade of Vietnam said some EU member states remain the support regime for enterprises in the block to cooperate with Vietnam’s enterprises. Besides, some member countries such Finland and Sweden are designing the support program for new enterprises to seek partners in Vietnam. Especially, EU highly assesses ecological environment in Vietnam, EU consumers are willing to pay higher price for organic products and considers Vietnam as one of potential organic product producers. Agriculture and fishery product producers must understand Euro GAP standards and pay attention to other issues such as pesticide residues management, social responsibility, fair trade, etc.
In Vietnam, the Ministry of Industry and Trade (MIT) also has programs to help its enterprises improve product quality, trade promotion and market expansion to EU. In 2010 alone, MIT held many workshops and supported some enterprises to research EU market. This is a good opportunity for enterprises to bring their products into the market.
(seafood.vasep.com.vn) The outlook for Vietnam’s seafood exports remains positive, with a strong focus on maintaining growth in key markets like China and the U.S., while diversifying into new regions. As global trade policies continue to evolve, adaptability and strategic planning will be key to navigating the challenges ahead.
(seafood.vasep.com.vn) Thanks to improved pangasius prices and higher production, Vĩnh Hoàn's after-tax profit in Q4 2024 reached VND 440 billion, a 4.8-fold increase compared to the same period last year.
(seafood.vasep.com.vn) According to data from Vietnam’s Customs, in Q4 2024, Vietnam’s pangasius exports to China & Hong Kong reached USD 163 million, a 17% increase compared to the same period in 2023, with consistent growth across all months. The total value of pangasius exports to China & Hong Kong for 2024 reached USD 581 million, a 1% increase over the previous year.
Vietnam’s seafood exports are projected to maintain strong growth this year, potentially reaching 11 billion USD.
(seafood.vasep.com.vn) In the final quarter of 2024, Vietnam’s surimi and fish cake exports showed consistent growth over the last three months. For the entire year 2024, exports of these products reached USD 298 million, down 2% compared to 2023. However, the final quarter saw more promising signs for the surimi and fish cake export sector, with some markets experiencing notable growth, such as Thailand, China, and Taiwan. Particularly, exports to Taiwan, which had seen continuous declines in the previous two quarters, surged by 301% in this quarter.
(seafood.vasep.com.vn) Another year of pride for Vietnam's pangasius exports has concluded, reaching over USD 2 billion and contributing 20% to Vietnam's total seafood export turnover.
Vietnam maintained its position as the fifth-largest seafood exporter to Singapore for 12 consecutive months, surpassing Japan for the first time in 2024, amid the intensifying competition in this market.
(seafood.vasep.com.vn) Despite facing numerous challenges in the second half of the year, Vietnam's canned tuna exports concluded 2024 with a 17% increase compared to 2023, reaching USD 299 million. To maintain this growth momentum in 2025, the canned tuna production and export sector requires coordinated efforts from all stakeholders.
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.
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