Fishery production in the first nine months of 2024 was stable thanks to favorable weather and fishing grounds. However, in the third quarter, fishing activities faced difficulties due to the influence of tropical depressions in the East Sea. The estimated monthly fishery production reached 21,661 tons, up 0.62% compared to the same period last year; cumulatively, the first nine months of 2024 reached an estimated 178,155.3 tons, an increase of 1.24% compared to the same period last year. Of which, offshore fishing reached an estimated 177,743 tons, an increase of 1.25%. Inland fishery exploitation decreased due to the decreasing water surface area, and the types of aquatic products exploited in rivers, streams, lakes, and reservoirs are mainly catfish, snakehead fish, shrimp and crab.
Regarding the protection of fishery resources, in the first nine months of 2024, the whole province of Bình Thuận continued to manage and prevent high-risk vessels from violating foreign waters. Up to now, no fishing vessels or fishermen in the province have violated the regulations against illegal, unreported, and unregulated (IUU) fishing. The fishing vessel monitoring system continues to be promoted to monitor and prevent fishing vessels from crossing the border and violating foreign waters.
In the coming time, the province's fisheries sector will significantly reduce the number of coastal fishing vessels, contributing to solving the problem of shifting occupations from coastal fishing to more sustainable offshore aquaculture.
(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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