The country’s offshore fishing reeled in 289,000 metric tons (MT) in the first three months of the year, an increase of 1 percent over the same period last year. That volume was worth RMB 3.2 billion (USD 521.6 million, EUR 403.2 million), up 2 percent year-on-year. While the data release doesn’t detail the size or capacity of the vessels, it does break down the country’s fishing catch: 139,000 MT were fished in foreign waters, a 12 percent climb on the same period last year. The other 150,000 MT is classified as “pelagic” (fished on the “high seas”) — down 9 percent year-on-year.
The ministry’s data shows that the aquaculture production reached 11.72 million MT, up 6.56 percent over 2012. Ocean fishing products production reached 4.53 million MT, up 3.69 percent. The data also shows that from January to March, the total production of deep-sea fishing reached 4.53 million MT, up 3.69 percent over last year.
The ministry, in a statement posted on its website, noted: “pond aquaculture production remained stable, however higher feed and other factors of production prices caused the pond aquaculture industry revenue to decline slightly.” Marine fishing by contrast was up, with catches and fishermen’s income both rising along with prices.
China’s trade surplus in aquatic products hit USD 2.09 billion in the first quarter, an increase of 15.88 percent year-on -year.
According to statistics from Chinese Customs, the total amount of imports and exports of aquatic products in the first quarter of 2013 reached 1.93 million MT, a 1.85 percent increase, while total value reached USD 6.6 billion (EUR 5.1 billion), up 11.47 percent year-on-year. Exports totaled an increase year-on-year of 4.53 percent to 901,500 MT, worth USD 4.6 billion (EUR 3.6 billion), up 12.68 percent year-on-year.
(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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