By November 2014, cumulative value for cephalopod exports were nearly US$ 438 million, up 8.5% year-on-year. Exports to South Korea rose by 26.8%, to EU increased by 10.2% and Japan declined by 8.6%.
Right from the beginning of 2014, there was a shift in choosing export market, from Japan to South Korea and European countries (Italy, Germany, Spain).
The year 2014 witnessed encouraging developments of Vietnam cephalopod exports to South Korea. At the end of 2014, Vietnam - South Korea FTA brought new opportunities for Vietnam to export agricultural and fishery products including shrimp, fish and cephalopod. Tariff levied on cephalopod from Vietnam will reduce to 5% in 5 years. Rapid positive growth rates ranging from 3% to 58% were seen all year round, except for January, when export value of this item downed by 1.3% year-on-year. In Q2/ 2014, export value increased by 45-58%, compared to Q2/ 2013.
From January to November 2014, Vietnam cephalopod export value to Japan was US$ 100.98 million, equivalent to 23.1% of total cephalopod export value, down 8.6% year on year. The decline reveals lower demand and fierce competitions with slow sales and high inventory levels.
There was a recovery in the EU market in 2014. Exports to Italy accounted for 11% of total export value, though export value to this market dipped insignificantly by 0.2%. It is noted that cephalopod exports to Spain increased by 107% in 2014. It is forecast that in 2015, cephalopod exports to EU will experience stronger growth, at 15-25% higher than in 2014.
Vietnam seafood enterprises had to increase imports of raw materials for process and exports. In the first 11 months of 2014, total cephalopod import value reached US$ 36.7 million, up 13.2% year-on-year. Indonesia, accounted for 17% of total raw cephalopod imports, was the biggest exporter, followed by Taiwan with 15.7%, India with 12.6%, and China with 8.15%.
SSI forecasts a 28% year-on-year increase in after-tax profit attributable to the parent company of Vinh Hoan Corporation (VHC), driven by a gradual improvement in average selling prices from USD 3.15/kg in 2024 to USD 3.30/kg (+5%) in 2025. An Giang Fisheries Import-Export Joint Stock Company (ANV)'s after-tax profit attributable to the parent company is projected to rebound by 104%.
In 2025, the Mekong Delta province of Bac Lieu aims to earn 1.2 billion USD from exporting shrimp, one of the key export products that accounts for over 95% of its total export value.
(seafood.vasep.com.vn) The Report on Vietnam Pangasius Sector 2015–2024, produced and released by the Vietnam Association of Seafood Exporters and Producers (VASEP) in January 2025, is expected to provide enterprises, importers, and government agencies with a comprehensive overview of key developments in Vietnam's pangasius production and export over the past decade. In addition to highlighting achievements, the report identifies existing challenges and analyzes future opportunities and threats for the pangasius industry.
(vasep.com.vn) Overcoming two years of fluctuation in both export markets and domestic production, Vietnam's pangasius industry has demonstrated resilience, adaptability, and a strong determination to seize opportunities and boost exports to various markets. As a result, in 2024, pangasius exports reached USD 2 billion, a 9% increase compared to 2023. This achievement is a source of pride for Vietnam's aquaculture and agriculture sectors.
(seafood.vasep.com) Speaking at a conference to implement the 2025 plan of the Ministry of Agriculture and Rural Development, Prime Minister Pham Minh Chinh urged the agricultural sector to strive for a total export turnover of agricultural, forestry, and fishery products reaching $70 billion by 2025.
With robust production and processing infrastructure, combined with continuous market development efforts, Vietnam’s seafood exports are poised for 10–15% growth in 2025.
In 2025, seafood exports are expected to continue to grow better and could reach 11 billion USD as in 2022. However, this is also the year the seafood industry will face challenges, including increased competition from other countries, trade wars and market barriers...
(seafood.vasep.com.vn) On the afternoon of December 25, at Toan Thinh Conference Center (Soc Trang City), the Soc Trang Fisheries Sub-department, under the Department of Agriculture and Rural Development of Soc Trang, held a conference to review the 2024 aquaculture activities and outline the brackish water shrimp farming plan for 2025. The event was attended by Ms. Quach Thi Thanh Binh, Deputy Director of the Department of Agriculture and Rural Development of Soc Trang.
The Mekong Delta province of Soc Trang aims to achieve export value of over 1.9 billion USD in 2025 by boosting production and processing of key products such as seafood, high-quality rice, fruits, and garments.
The UK-Vietnam Free Trade Agreement has significantly boosted Vietnamese seafood exports, with shrimp and pangasius leading the charge in the UK market.
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