The impact from the yellow card warning of the EU market made Vietnam export of cephalopod to this market drop by nearly 22%. The supply of raw materials for export processing was still low, high prices was still the problems of cephalopod processors in 2018. The growth rate of cephalopod export of Vietnam to the key markets in 2018 compared to previous year was not as high as that of the previous year, Export in 2018, howerver, was still considered a smooth year of operation for Vietnamese exporters of cephalopod with export value increasing to Korea, Japan and ASEAN by 24%, 4% and 15% respectively relative to 2017.
In the 12 months of 2018, the total value of exported cephalopod of Vietnam only decreased in July and August, the remaining months had positive growth. Export of cephalopod in Vietnam tended to grow strongly in the last quarter of the year.
In the total structure of exported cephalopod of Vietnam, squid still dominated with 51.5%, the remaining octopus accounted for 48.5%. Vietnam still mainly exported live/ fresh/frozen cephalopod products (accounting for 67% of the proportion), and processed products were still not much (33%).
In the total mix of exported dried/grilled cephalopod (code HS 03), the strongest growth was 38%; live/fresh/ frozen squid (code HS03) saw the strongest drop of 18% compared to 2017. Octopus export products in 2018 maintained positive growth compared to 2017 in which processed octopus export value (HS16 code) increased the best by 26%.
Republic of Korea was still the largest importer of cephalopod in Vietnam, accounting for 40% of Vietnam's total cephalopod export to markets. This was the market with the highest growth rate in the top 7 largest cephalopod import markets of Vietnam. In 2018, cephalopod exported to this market increased by 23.7% to US$269.8 million. Consistent demand for consumption plus tariff advantages from the free trade agreement between Vietnam and Korea (VKFTA) have helped maintain a stable export growth of Vietnamese cephalopod to this market. .
The EU was the 3rd largest importer of cephalopod in Vietnam. In 2017, Vietnam exported cephalopod to the EU market achieving a growth rate of over 50% and accounting for 12.4% of total production. In 2018, export to this market decreased by 21.7% to over US$83 million due to the impact of IUU yellow card . Export to 3 key import markets in the region (Italy, Spain, France) all fell by 30%, 8.3% and 1.2% respectively compared to 2017.
In 2019, it is expected that the export value of cephalopod of Vietnam will be equivalent to 2018. The export seafood industry, including cephalopod, is making efforts to concentrate on doing well with the C/C documents contributing quickly to remove yellow cards to generate goodwill for importers to order more.
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