Specifically, in September, cephalopod exports of Vietnam to Japan - the second largest export market, had recovered. Meanwhile, exports to other major markets such as EU, ASEAN, China, the US ... were still low.
Korea
Korea continued to increase the imports of cephalopod from Vietnam. Exports value to the market in September reached US$24 million, a rise of 28% from September 2017, bringing the total exports value in the first nine months to nearly US$180 million, increasing by 16% over the same period last year. This year, cephalopod exports of Vietnam to Korea experiences unstable growth due to scarce resources. Currently, with the export tax rate of 0% for live/raw and frozen octopus (HS030751 and HS030759), Vietnam can promote the exports of these two products to Korea. Provided with a good supply, Vietnam will have the opportunity to increase market share.
Japan
After the decline in August, cephalopod exports to Japan increased again in September, reaching US$14 million, rising 10% from September 2017. Thus, the export value of cephalopod in this market in the first nine months continued to increase 1.8% compared the same period last year, reaching US$109 million. Vietnam continues to be an important supplier of squid for the Japanese market.
EU
Cephalopod exports to the EU has not shown signs of growth. Exports of this product group to the EU in September decreased by 25% compared to September 2017. By the end of September, the value of cephalopod exports to EU was only US$109 million, a drop of 26% over the same period last year.
Specifically, in September, cephalopod exports to France, the third largest import market in the EU, experienced a sudden growth of 101%. However, since the cephalopod exports to France fell heavily at the beginning of the year, the increase in recent months was not enough to compensate for the decrease in volume so exports in the first nine months of this year were still decreasing. Meanwhile, exports to Italy and Spain continued to fall.
ASEAN
Cephalopod exports to ASEAN in September decreased by 0.7%, reaching US$6.6 million. However, in the first nine months of this year, cephalopod exports of Vietnam was up by 15% over the same period, reaching US$61 million. Thailand continues to dominate the cephalopod exports from Vietnam to ASEAN. According to statistics, this month cephalopod exports to Thailand is not positive, dropping by 12% over the same period. The decline of exports to this market has led to a decline in exports to the ASEAN market.
With Tet (Lunar New Year) approaching, fishermen along Vietnam's central coast are capitalizing on favourable weather conditions to intensify their fishing efforts, meeting the burgeoning demand for seafood across the nation.
(seafood.vasep.com.vn) Shrimp exports in 2024 reached nearly USD 4 billion, a 14% increase compared to 2023. Reflecting on 2024, the shrimp industry demonstrated resilience and persistent effort in overcoming challenges, solidifying its strong position in exports.
(seafood.vasep.com.vn) Sao Ta Foods Joint Stock Company (ticker symbol FMC - HoSE), one of Vietnam's largest shrimp exporters, recently announced its 2024 business results.
(seafood.vasep.com.vn) The United States remains one of the largest importers and consumers of Vietnamese pangasius, primarily in the form of frozen fillets. However, in recent years, the country has significantly increased its imports of value-added pangasius products.
(seafood.vasep.com.vn) After reaching a peak of nearly USD 6 million in June 2024, the export value of Vietnamese tuna to Italy has stagnated and continuously declined in the last five months of the year. Cumulatively, by December 15, 2024, export turnover to this market decreased by 18% compared to the same period in 2023, reaching over USD 30 million. With this decline, Italy is no longer Vietnam's largest tuna import market within the EU bloc.
The Mekong Delta province of Tien Giang, with its 32-km coastline, is well-positioned to develop a thriving seafood industry. Recognising the importance of sustainable offshore fishing, local authorities have implemented policies to modernise the fishing fleet and support operations in offshore waters.
(seafood.vasep.com.vn) On the evening of December 23, 2024, in Ho Chi Minh City, the Vietnam Association of Seafood Exporters and Producers (VASEP) held a ceremony to celebrate the seafood export milestone of 10 billion USD, with hopes for continued growth in 2025. The event was attended by Deputy Minister of Agriculture and Rural Development Phung Duc Tien, Deputy Minister of Foreign Affairs Nguyen Minh Hang, and representatives from various ministries, as well as domestic and international partners.
(seafood.vasep.com.vn) With a market share exceeding 10% in Vietnam's aquafeed sector, Sao Mai Super Feed has affirmed its position as one of the leading brands, making a significant contribution to the development of the pangasius industry and elevating Vietnamese pangasius products on the international stage.
Secretary General of the Vietnam Association of Seafood Exporters and Producers (VASEP) Nguyen Hoai Nam said that in the past 5-6 years, Vietnam's seafood export value has only hovered around 8-10 billion USD/year. To reach the value of 16 billion USD by 2030, Mr. Nam proposed establishing corporations/enterprises to exploit the sea.
(seafood.vasep.com.vn) Vinh Hoan Seafood (stock code VHC) announced that its export turnover to three key markets— the U.S., EU, and China—grew between 32% and 40% in November 2024 compared to the same period in 2023.
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