More challenges are expected for Vietnam’s aquaculture exports in 2024, according to Tran Dinh Luan, General Director of the Department of Fisheries under the Ministry of Agriculture and Rural Development. The fishery sector's current problems include the traceability of seafood to combat illegal exploitation and ensure food safety on fishing vessels and fishing ports. In addition, seafood exports face many other barriers such as animal welfare and carbon certificates to ensure environmental safety during the production process of products exported to Europe and the US. The Ministry of Agriculture and Rural Development has lowered its target for seafood export value for 2024 to 9.5 billion USD from its previous expectation of 10 billion USD. The fisheries sector is expected to have an output of 9.22 million tonnes of seafood from an aquaculture area of 1.3 million hectares this year. According to the Department of Fisheries, the seafood export value in 2023 was estimated to reach 9.2 billion USD, or 92% of the plan, down 8% compared to 2022. Of this year's export value, about 3.45 billion USD were from shrimp, 1.9 billion USD from tra fish, 900 million USD from tuna, and 800 million USD from mollusks. Total seafood export output in 2023 was estimated at 9.05 million tonnes, an increase of 2% compared to 2022. Exploited seafood output reached 3.68 million tonnes, equal to 2022, while aquaculture output was more than 5.4 million tonnes, an increase of 3.5% compared to 2022. The world economy has recovered slowly, while the prices of some input products for aquaculture development and logistics costs have remained high, putting pressure on production. These challenges impacted Vietnam's seafood processing and export activities, causing difficulties for the seafood industry this year. Meanwhile, the European Commission continues to maintain a yellow card warning for Vietnam's seafood. Therefore, in 2024, the task of production and business will become more difficult. Luan said seafood export revenue decreased in 2023 as the fisheries industry faced challenges such as a lack of standards and regulations for environmental monitoring, and inadequate infrastructure in farming areas. The efficiency of catching activities was still low. Consumption demand decreased in most markets, causing a drop in export turnover. Vuong Thi Oanh, an official from the Import-Export Department under the Ministry of Industry and Trade, said although the fisheries industry shows signs of recovery, there are still many difficulties in 2024. Specifically, China, the US, Europe, and Japan were expected to recover from the last months of 2023 because those markets prepare food for festivals at the year end and the new year, while importers' inventories are low. Vietnam is a potential supplier to those markets. However, competition with rivals also increased, such as with Thailand, Indonesia and China, for processed products and with Ecuador for regular products./.
(seafood.vasep.com.vn) The first two months of 2025 recorded positive signals in Vietnam's seafood export activities, with total revenue reaching USD 1.423 billion, growing 18.2% compared to the same period in 2024. In February 2025, the export value hit USD 655.197 million, showing an impressive growth of 42.6%.
(seafood.vasep.com.vn) Kiên Giang Province, home to over 13,000 fishing vessels, is intensifying efforts to combat illegal, unreported, and unregulated (IUU) fishing. Faced with challenges from offshore fishing, many vessels have shifted to near-shore fishing using destructive methods, severely damaging marine ecosystems.
(seafood.vasep.com.vn) Vinh Hoan Corporation (HOSE: VHC) continues to solidify its position as the leader in Vietnam's pangasius export industry with impressive business results in 2024 and positive prospects for 2025. Factors supporting growth, such as recovering demand, improved selling prices, and favorable international trade policies, make Vinh Hoan one of the top stocks to watch in investment portfolios for 2025.
Amid global trade uncertainties, Việt Nam is prioritising compliance with international market requirements to maintain and expand its agricultural exports.
On February 26, 2025, VinFast and the Vietnam Association of Seafood Exporters and Producers (VASEP) signed a comprehensive cooperation agreement to strongly promote green transformation goals. The collaboration between the two parties will contribute to the realization of the country’s sustainable development goals and help elevate the Vietnamese brand on the international market.
(seafood.vasep.com.vn) In 2024, the total brackish water shrimp farming area in Ca Mau reached 278,600 hectares, with a shrimp output of 242,000 tons. This output achieved 99.59% of the set target and marked a 4.57% increase compared to the same period last year. The average shrimp yield attained 869 kilograms per hectare per year, representing a 38 kilograms per hectare per year increase compared to 2023. Shrimp export turnover reached USD 1.12 billion, positioning Ca Mau amongst the nation's leading localities in this sector.
(seafood.vasep.com.vn) In 2024, Ben Tre province expanded its high-technology application in aquaculture by an additional 523 hectares, surpassing the planned target of 500 hectares and achieving a fulfillment rate of 104.6%. To date, the province has converted 3,633 hectares to high-tech aquaculture out of the 4,000-hectare goal, representing 90.82% progress towards the 2021-2025 phase plan. This sector yields an average productivity of 60-70 tons per hectare, with a total output reaching 221,282 tons. The average profit margin ranges from VND 700 to 800 million per farming season, delivering substantial economic benefits to the local populace.
(seafood.vasep.com.vn) In 2025 In 2025, Vietnam's brackish water shrimp industry will continue to grow sustainably, enhancing value-added products with strong contributions from local authorities and the business community.
(seafood.vasep.com.vn) In January 2025, the country's total seafood output was estimated at 594,100 tons, a 0.7% increase compared to the same period last year. Specifically, fish production reached 443,400 tons, up 0.7%; shrimp output was 56,300 tons, up 3.1%; and other seafood products totaled 94,400 tons, down 0.9%.
(seafood.vasep.com.vn) The industrial pangasius production in Vinh Long province in 2024 reached 95,100 tons, a 4% decrease compared to 2023. Despite the decline in production, positive trends in the final months of the year offer hope for improving economic efficiency in the near future. Additionally, the increase in the area for industrial pangasius farming and the maintenance of overall aquaculture area demonstrate the province’s efforts to sustain its production activities.
VASEP - HIỆP HỘI CHẾ BIẾN VÀ XUẤT KHẨU THỦY SẢN VIỆT NAM
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