In 2019, cephalopod exports to South Korea reached more than US$ 230 million, down 14.8% compared to 2018. After continuous growth in the first 4 months of 2019, exports of this item to South Korea slashed from May to the end of 2019.
Decreasing export prices and unstable consumption demand were one of the factors affecting Vietnamese cephalopod exports to South Korea in 2019. The tariff advantage from the Vietnam-Korea Free Trade Agreement (VKFTA) partly helped the export of Vietnamese cephalopod to this market.
In the structure of Vietnamese cephalopod product exports to Korea, octopus still dominated with 75.6%, squid made up for 24.4%. In 2019, only Vietnam's processed squid exports to South Korea lifted by 35.7%, exports of the remaining products all decreased, in which Vietnam's processed octopus exports to South Korea dropped the most by 22.9%. The two groups of dried/smoked squid and live/fresh/ frozen squid went down by 17.3% and 18.7%, respectively, compared to 2018.
South Korea mainly imports cephalopod product from Vietnam such as dried squid, skin, frozen cleaning processing squid, frozen sushi squid, frozen whole octopus, chilled octopus ...
Currently, Vietnam are enjoying a 0% export tax to Soth Korea for live, fresh, frozen octopus products (HS030751 and HS030759). Dried/salt/live/fresh/frozen octupus was also the product that accounts for the highest proportion of total squid and octopus products exports to Korea.
In 2019, South Korea's cephalopod imports reached US$ 345.8 million, down 8.7% compared to 2018. China was the largest supplier of cephalopod to Korea, accounting for 60%. Vietnam ranked third, accounting for 11% of the total import value of South Korea cephalopod. Among the top 5 main cephalopod supplies for South Korea in 2019, only imports from the Philippines increased, imports from other suppliers all decreased, in which imports of cephalopod from Thailand dropped the most by 35%.
(seafood.vasep.com.vn) On November 18, Ms. Truong Ha Phuong Anh, Director of the Center for Investment Promotion and Business Support (iPEC), stated that during the Ca Mau Province Agricultural and Aquatic Products Trade Promotion Conference 2024, held on November 15, there were 209 direct trade interactions between 42 seafood processing and exporting enterprises, OCOP producers in the province, and five leading domestic retail companies: Central Retail, Saigon Co.op, Kingfood Mart, Bach Hoa Xanh, and Satra Supermarket.
In 2024, the Binh Dinh Agricultural Extension Center successfully implemented a semi-intensive and intensive two-stage whiteleg shrimp farming model using Semi-Biofloc technology.
(seafood.vasep.com.vn) Recently, the area dedicated to super-intensive, high-density whiteleg shrimp farming in Trà Vinh Province has been rapidly expanding due to its high productivity and economic efficiency.
(seafood.vasep.com.vn) In collaboration with provincial authorities, specialized agencies, and local coastal governments, seafood processing and export enterprises in Binh Dinh Province are actively working to address issues related to illegal, unreported, and unregulated (IUU) fishing. The shared goal is to have the European Union's "yellow card" removed this year.
(seafood.vasep.com.vn) Ca Mau Province has affirmed its position as the "shrimp kingdom" of Vietnam, with the largest area for ecological shrimp farming in the country.
(seafood.vasep.com.vn) According to data from Vietnam Customs, the export value of pangasius in October 2024 reached nearly $202 million, representing a 17% increase year-on-year. Cumulatively, pangasius exports to various markets in the first ten months of 2024 totaled $1.7 billion, marking a 9% growth compared to the same period last year.
(seafood.vasep.com.vn) On the afternoon of November 6th, Vietnam time, U.S. media announced the preliminary vote count showing that Donald Trump won the 2024 U.S. presidential election. His victory is expected to bring significant changes in taxes, trade, investment, and more. As a result, Vietnam's tuna exports will also be affected.
(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.
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