With a coastline of 192 km, Binh Thuan is one of the key fishing grounds of the country. Aquatic resources are plentiful in species, of which there are over 500 species of fish, 60 are of high economic value; famous specialties such as squid, scallop, cockles, shrimp and bivalve mollusks ... Affected by the Covid-19 epidemic, most seafood exporting enterprises had difficulty in maintaining and expanding the market. As a result, many orders and international trade fairs were canceled, affecting trade opportunities of businesses with customers. However, the output and export turnover of seafood in 2020 still increased compared to 2019, the export products that increased strongly are: frozen seafood, fish sauce ….
The Provincial Agriculture, Forestry and Fisheries Quality Assurance Department informed that the survey results collected information from enterprises about the output and export turnover in 2020 showed impressive prosperity. For example, Hai Nam Corporation increased the value of output as well as export turnover to more than 36 million USD, up by 9.6% over the previous year. The main export markets such as the EU, the Middle East, Asia, the US and Australia mainly imported frozen fish, in addition to many other items such as squid, shrimp, crab, and specialties ... 3 enterprises are Eastern Sea Fishery Joint Stock Company, Hai Tien Trading Co., Ltd., Tan Quy Seafoods Co., Ltd. exported new products that increased in volume and turnover such as frozen anchovies, octopus. frozen, frozen salmon. And Hai Trieu Co., Ltd. expanded new export markets to Spain, Malaysia, the Netherlands …
Meanwhile, some businesses actively imported raw materials for processing, so even though they were participating for the first time, they brought export turnover to the industry by more than 5 million USD compared to 2019. Moreover, a famous product which is fish sauce also achieved export growth of 3.9% compared to 2019, reaching an export turnover of nearly $ 2 million. Up to now, there are 5 enterprises exporting fish sauce to markets in Korea, America, Japan, EU, Philippines.
Currently, the province has about 230 establishments purchasing, preliminarily processing and processing aquatic products. Many seafood products for domestic consumption have high added value and are able to compete in the market such as: seafood hotpot, instant sesame fish, squid with tamarind, instant dried milk crab, Instant-rolled grilled goby ... Especially, fish sauce products bearing geographical indications in Phan Thiet are interested and selected by many domestic consumers and already have a number of export products. Frozen and dried seafood products have been exported to all continents, traditional seafood export markets such as Japan, Korea, Canada, and Europe have been maintained and stable, and at the same time search, expand the market. Seafood export turnover in 2019 reached 136.1 million USD, accounting for 29.44% of the province's export turnover, in 2020 the seafood export turnover reached 159 million USD, up by 16.77%.
Particularly, in the first three months of 2021, with the consumption demand of markets, especially Asia during the Lunar New Year holiday increasing, the export turnover of the seafood group continued to maintain the growth momentum of US $ 32.59 million, up by 5.09% over the same period. Having that result, it is necessary to acknowledge the great efforts of the exporting enterprises in dynamically overcoming difficulties and trying to maintain well the traditional export markets to continue increasing export turnover.
(seafood.vasep.com.vn) The first two months of 2025 recorded positive signals in Vietnam's seafood export activities, with total revenue reaching USD 1.423 billion, growing 18.2% compared to the same period in 2024. In February 2025, the export value hit USD 655.197 million, showing an impressive growth of 42.6%.
(seafood.vasep.com.vn) Kiên Giang Province, home to over 13,000 fishing vessels, is intensifying efforts to combat illegal, unreported, and unregulated (IUU) fishing. Faced with challenges from offshore fishing, many vessels have shifted to near-shore fishing using destructive methods, severely damaging marine ecosystems.
(seafood.vasep.com.vn) Vinh Hoan Corporation (HOSE: VHC) continues to solidify its position as the leader in Vietnam's pangasius export industry with impressive business results in 2024 and positive prospects for 2025. Factors supporting growth, such as recovering demand, improved selling prices, and favorable international trade policies, make Vinh Hoan one of the top stocks to watch in investment portfolios for 2025.
Amid global trade uncertainties, Việt Nam is prioritising compliance with international market requirements to maintain and expand its agricultural exports.
On February 26, 2025, VinFast and the Vietnam Association of Seafood Exporters and Producers (VASEP) signed a comprehensive cooperation agreement to strongly promote green transformation goals. The collaboration between the two parties will contribute to the realization of the country’s sustainable development goals and help elevate the Vietnamese brand on the international market.
(seafood.vasep.com.vn) In 2024, the total brackish water shrimp farming area in Ca Mau reached 278,600 hectares, with a shrimp output of 242,000 tons. This output achieved 99.59% of the set target and marked a 4.57% increase compared to the same period last year. The average shrimp yield attained 869 kilograms per hectare per year, representing a 38 kilograms per hectare per year increase compared to 2023. Shrimp export turnover reached USD 1.12 billion, positioning Ca Mau amongst the nation's leading localities in this sector.
(seafood.vasep.com.vn) In 2024, Ben Tre province expanded its high-technology application in aquaculture by an additional 523 hectares, surpassing the planned target of 500 hectares and achieving a fulfillment rate of 104.6%. To date, the province has converted 3,633 hectares to high-tech aquaculture out of the 4,000-hectare goal, representing 90.82% progress towards the 2021-2025 phase plan. This sector yields an average productivity of 60-70 tons per hectare, with a total output reaching 221,282 tons. The average profit margin ranges from VND 700 to 800 million per farming season, delivering substantial economic benefits to the local populace.
(seafood.vasep.com.vn) In 2025 In 2025, Vietnam's brackish water shrimp industry will continue to grow sustainably, enhancing value-added products with strong contributions from local authorities and the business community.
(seafood.vasep.com.vn) In January 2025, the country's total seafood output was estimated at 594,100 tons, a 0.7% increase compared to the same period last year. Specifically, fish production reached 443,400 tons, up 0.7%; shrimp output was 56,300 tons, up 3.1%; and other seafood products totaled 94,400 tons, down 0.9%.
(seafood.vasep.com.vn) The industrial pangasius production in Vinh Long province in 2024 reached 95,100 tons, a 4% decrease compared to 2023. Despite the decline in production, positive trends in the final months of the year offer hope for improving economic efficiency in the near future. Additionally, the increase in the area for industrial pangasius farming and the maintenance of overall aquaculture area demonstrate the province’s efforts to sustain its production activities.
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
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