According to Mr. Ho Quoc Luc, Chairman of the Board of Directors of Sao Ta Food JSC, the company's processing plants are currently working hard to meet orders and prepare for the first export shipments of the Lunar New Year immediately after returning to work after the long holiday.
In January 2024, the company's processed shrimp production increased more than doubled compared to the same period last year, reaching 1,250 tons. At the same time, processed shrimp consumption reached 1,614 tons, equal to 145% of the same period last year.
The output of processed agricultural products was 189 tons, equal to 116% of the same period last year. Total revenue was 19.2 million USD, equal to 126% of the same period last year.
According to the company's leader, this year, shrimp farm workers and the company's leaders have experienced their first Lunar New Year at the shrimp farm, as this is the first year the company has implemented the off-season shrimp crop, stocking from late November 2023 to prepare raw materials for processing for export in 2024.
In the South, since the 10th lunar day, many businesses have resumed operations and started production. Immediately after returning to operation after the Tet holiday, many businesses have exported goods.
In which, Global Trading Connection Company Ltd. exported 2 containers of about 18 tons of processed coffee, such as mango coffee, salt coffee, noni coffee... to Australia. Previously, this company shipped 1 container of processed coffee to Australia to be sold at Australian supermarkets on the 4th day of Tet.
However, according to the assessment of businesses, although there have been positive signs in exports, they are facing new difficulties. In particular, Vietnam's seafood exports have shown signs of recovery and are likely to increase again in 2024, especially in the second half of the year. In which, the export of two main seafood products, shrimp and pangasius, basa will recover after a sharp decline in 2023.
According to Vietnam Association of Seafood Exporters and Processors (VASEP), in 2024, Vietnam's shrimp exports will increase by 10-15% compared to 2023; pangasius exports are expected to reach 2 billion USD.
However, the tensions in the Red Sea are causing a lot of difficulties in the transportation of goods in general and seafood in particular, as freight rates are increasing. The high selling price will greatly affect the decision to buy goods. Currently, businesses are considering exports to nearby markets to reduce transportation costs.
(seafood.vasep .com.vn) The return of Donald Trump to the White House for a second term will bring significant impacts on Vietnam, particularly its pangasius export sector. Trump's economic policies, such as raising import tariffs, reducing corporate income taxes, and attracting foreign direct investment (FDI) back to the US, are expected to directly influence various industries in Vietnam.
(seafood.vasep.com.vn) The UAE ranked 16th among importers of Vietnamese shrimp from 2018 to 2022, accounting for approximately 0.5% of Vietnam's total shrimp export value. Annually, Vietnam exported around US$20 million worth of shrimp to this market.
(seafood.vasep.com.vn) The company also announced that its farms are well-prepared and will begin stocking in mid-November when the weather conditions are favorable.
(seafood.vasep.com.vn) To maximize natural advantages and increase the value of local aquatic products, Ca Mau province is promoting the ecological shrimp farming model under mangrove forests. This model not only brings high profits to people thanks to businesses committing to purchasing products at prices 10-20% higher than the market price but also aims for sustainable development and environmental friendliness.
(seafood.vasep.com.vn) The Comprehensive Economic Partnership Agreement (CEPA) between Vietnam and the United Arab Emirates (UAE) was signed after just over a year of negotiations. With high demand for premium seafood in the UAE, particularly for shrimp and tuna products, Vietnam’s tuna industry is expected to gain increased export opportunities and higher product value thanks to the preferential terms of the CEPA.
(seafood.vasep.com.vn) In October 2024, seafood exports from Vietnam are estimated to exceed $1 billion, marking a 28% increase compared to the same period last year. This achievement signifies the first return to the $1 billion milestone in 27 months, since June 2022, providing a significant boost for Vietnamese seafood enterprises.
(seafood.vasep.com.vn) Under the theme "Dong Thap Pangasius: Green Journey - Green Value," the Dong Thap Pangasius Festival 2024 will take place over two days, November 16th and 17th, at Vo Nguyen Giap Square in Hong Ngu City.
(seafood.vasep.com.vn) The Department of Agriculture and Rural Development of Kien Giang has announced a plan to stabilize the biosafety rice-shrimp production area at 117,340 hectares by 2030.
(seafood.vasep.com.vn) According to the Department of Fisheries in Ca Mau, the total aquatic product output in the region is estimated at 536,140 tons as of October 17, achieving 82.23% of the annual plan and marking a 1.74% increase compared to the same period last year. Within this total, shrimp production stands at 208,495 tons, reaching 82.41% of the planned target and showing a 2.23% increase year-over-year.
(seafood.vasep.com.vn) According to data from Vietnam Customs, pangasius exports to Iraq have surged significantly in the first nine months of 2024, marking the highest levels seen in three years. This upward trend has positioned Iraq as a key market for Vietnamese pangasius, even surpassing Iran, traditionally regarded as a gateway for trade between Vietnam and the Middle East.
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
Đơn vị vận hành trang tin điện tử: Trung tâm VASEP.PRO
Trưởng Ban Biên tập: Bà Phùng Thị Kim Thu
Giấy phép hoạt động Trang thông tin điện tử tổng hợp số 138/GP-TTĐT, ngày 01/10/2013 của Bộ Thông tin và Truyền thông
Tel: (+84 24) 3.7715055 – (ext.203); email: kimthu@vasep.com.vn
Trụ sở: Số 7 đường Nguyễn Quý Cảnh, Phường An Phú, Quận 2, Tp.Hồ Chí Minh
Tel: (+84) 28.628.10430 - Fax: (+84) 28.628.10437 - Email: vasephcm@vasep.com.vn
VPĐD: số 10, Nguyễn Công Hoan, Ngọc Khánh, Ba Đình, Hà Nội
Tel: (+84 24) 3.7715055 - Fax: (+84 24) 37715084 - Email: vasephn@vasep.com.vn
