According to the Ministry of Agriculture and Rural Development (MARD), in 2024, the brackish water shrimp farming area is estimated to reach 737,000 hectares (including 622,000 hectares for black tiger shrimp Penaeus monodon and 115,000 hectares for whiteleg shrimp Litopenaeus vannamei), with output reaching 1,264,300 metric tons, a 5.3% increase compared to 2023 (including black tiger shrimp output of 283,900 metric tons, a 3.2% increase, and whiteleg shrimp output of 980,400 metric tons, a 6% increase).
It is projected that in 2025, the brackish water shrimp farming area will reach 750,000 hectares, a 1.8% increase compared to 2024, and output will reach 1,290,000 metric tons, a 2% increase compared to the previous year.
Exports maintain growth momentum
Shrimp exports in 2024 maintained double-digit growth momentum, with exports to key markets such as the EU, China, and the US recording good growth. Demand for year-end festivities in the US and EU and demand for the Lunar New Year (Tet) in China contributed to increased orders from these markets.
Shrimp exports to Japan, although not increasing sharply, maintained positive growth momentum due to the stable exchange rate in the last quarter of the year and the recovery of the Yen.
In addition, exports to smaller markets such as Russia, Canada, Australia, the UK, and Taiwan also showed much potential in 2024.
The average export price of shrimp to various markets at the end of the year also showed positive signs. The average export price of whiteleg shrimp to the US in November 2024 reached the highest level since September 2023 (USD 10.4/kg). The export price of whiteleg shrimp to the EU has been increasing continuously since June 2024 and reached a high of USD 7.5/kg in November. The price of whiteleg shrimp exported to Japan also increased continuously from September 2024, reaching USD 9.2/kg in November. The export price of whiteleg shrimp to South Korea also reached an average price of USD 7.7/kg in November 2024, the highest level since September 2023.
The average export price of black tiger shrimp to Japan has been increasing continuously from September 2024 and reached a high of USD 13.8/kg in November. The export price of black tiger shrimp to South Korea also followed the same trend as Japan, reaching USD 11.4/kg in November 2024.
Domestic shrimp prices recovered at the end of the year, with a scarcity of raw shrimp supply. Major distribution systems around the world increased their search for supply from Vietnamese shrimp, although at higher prices, ensuring safety, leading to a significant increase in orders.
Over 200,000 ha of Vietnam's shrimp farms are cultivated organically and ecologically, certified by international organizations.
Vĩnh Hoàn Corporation (stock code: VHC – HoSE) has outlined an ambitious business plan for 2025, targeting revenue of VND 13,800 billion (up 10.3% from 2024) and after-tax profit of VND 1,500 billion (up 22.3%). This follows a successful 2024, where the company recorded revenue of VND 12,513 billion (exceeding 109% of the plan) and after-tax profit of VND 1,226 billion (surpassing 123% of the VND 1,000 billion profit target). The 2025 Annual General Meeting of Shareholders is scheduled for April 24 in Ho Chi Minh City to discuss these plans.
Sa Giang Import-Export Corporation continues to assert its position as one of the leading export enterprises in Đồng Tháp, achieving a revenue of thousands of billions of VND from shrimp crackers and rice paper in the past year.
(seafood.vasep.com.vn) After three years of implementation, the UK-Vietnam Free Trade Agreement (UKVFTA) has yielded positive results for Vietnam’s tuna exports. The United Kingdom officially became a member of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) on December 15, 2024. This is expected to bring significant benefits for seafood enterprises, particularly in terms of tariffs and intra-bloc origin regulations - especially for tuna products.
On March 3, Sa Giang and Citek officially launched a comprehensive enterprise digital transformation project using the GROW with SAP solution.
(seafood.vasep.com.vn) According to the Action Plan to implement the growth targets for agriculture, forestry, and aquaculture from the Bình Định Department of Agriculture and Environment, which has just been issued, the goal for 2025 is to achieve an overall GRDP growth rate for the entire sector from 3.6% to 3.8%, with the highest effort to reach a growth rate of 3.8%.
(seafood.vasep.com.vn) The area for Pangasius farming in Dong Thap currently exceeds 1,332 hectares, with over 180 hectares harvested, yielding 81,733 tons of fish. The Pangasius industry has 87% of its production area in line with the planning regulations; most production areas apply technical procedures and standards to meet the market requirements of importing countries.
The UK joining CPTPP not only does not create barriers but also brings many advantages and great opportunities for domestic footwear and seafood businesses.
Deputy Minister of Agriculture and Environment Phùng Đức Tiến talked to Việt Nam News reporter Tố Như about the future development orientation after the ministry officially began operations.
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