Specifically, up to now, the province's export turnover has reached 962.9 million USD, equaling 83.7% of the plan, up 40.6% over the same period. In which, seafood export reached 799.2 million USD, equaling 74.7% of the plan, up 25.7% over the same period; fertilizer export reached 163.5 million USD, exceeding 109.6 % of the year plan.
The area of super-intensive shrimp farming continues to increase when up to now, there are 4,156.8 ha/4,365 households stocking. Along with that, the extensive shrimp farming area has improved over 171,469 hectares and is currently stocking 100%, which will be an abundant source of raw materials for export demand at the end of the year.
“According to information from seafood import and export processing factories in the province, currently export orders have been signed with foreign partners until December 2022 and are continuing to negotiate. The agreement is signed for the next stages, so shrimp prices in the coming time will be stable and less volatile,” said Mr. Chau Cong Bang, Deputy Director of the Department of Agriculture and Rural Development.
According to Mr. Chau Cong Bang, it is forecasted that this year Ca Mau will continue to achieve the third consecutive time with a seafood export turnover of over 1 billion USD, despite market fluctuations due to the impact of pandemic and conflicts and inflation.
Vice Chairman of the Provincial People's Committee Le Van Su said that the socio-economic development recovery programs and policies of the Government, ministries, central branches and Ca Mau province have brought into play their effects, helping businesses to step up processing and export activities. At the same time, the province's seafood exporters have made good use of the advantages from the Free Trade Agreements, contributing to increasing the province's seafood export turnover to the US and the EU , Canada, Australia, China markets.
Compiled by Thuy Linh
(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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