Seafood exports to Spain in August reached 8.2 million USD, up 48%. In which, bivalve molluscs (mainly clams) accounted for 37%, increased by 111% to over 3 million USD. Tuna exports accounted for 39%, reaching 3.2 million USD, up 30%. In the first 8 months of the year, seafood exports to this market reached over 45 million USD, up 17%. In which, tuna exports reached 12.4 million USD, up 18% over the same period; Export of bivalve molluscs reached 15.6 million USD, up 44%.
Seafood exports to Portugal in August increased by 15% to reach US$3.8 million, accumulated in the first 8 months of the year increased by 13% to nearly US$30 million. In which, the export of bivalve molluscs reached nearly 11.5 million USD, up 22%. In August, exports of bivalve molluscs to Portugal increased by 40% to over 2.3 million USD.
By the end of August 2021, Vietnam's exports of bivalve molluscs reached USD 86.8 million, up nearly 40%, of which exports to the EU market reached USD 53.4 million, accounting for 61%. Accordingly, the three main markets are Italy, Spain and Portugal. The main products exported to these three markets are white clams and frozen steamed brown clams, with the average price of 1.78 - 1.79 USD/kg in August 2021.
Covid-19 disrupts supply, causes logistical difficulties and high freight rates, affecting major markets more. Faced with that fact, many businesses choose and turn to small markets and these markets will continue to partially limit the impact of the decline in exports in the coming months.
According to the Board of Directors' report, IDI successfully maintained its traditional customer base in 2024 while expanding into high-potential markets, particularly the United States, benefiting from a significant reduction in anti-dumping duties.
Recently, Vietnam's La Vong fish cake was ranked number 1 in the list of the world's best white fish dishes by the world-famous culinary website Taste Atlas.
Currently, many households in the suburbs of Ca Mau City are implementing a fairly effective pangasius farming model, bringing in a stable source of income. Unlike the industrial scale in other provinces in the region, the pangasius farming model here is quite simple, low-cost, and is considered a promising direction for farmers.
Over 200,000 ha of Vietnam's shrimp farms are cultivated organically and ecologically, certified by international organizations.
Vĩnh Hoàn Corporation (stock code: VHC – HoSE) has outlined an ambitious business plan for 2025, targeting revenue of VND 13,800 billion (up 10.3% from 2024) and after-tax profit of VND 1,500 billion (up 22.3%). This follows a successful 2024, where the company recorded revenue of VND 12,513 billion (exceeding 109% of the plan) and after-tax profit of VND 1,226 billion (surpassing 123% of the VND 1,000 billion profit target). The 2025 Annual General Meeting of Shareholders is scheduled for April 24 in Ho Chi Minh City to discuss these plans.
Sa Giang Import-Export Corporation continues to assert its position as one of the leading export enterprises in Đồng Tháp, achieving a revenue of thousands of billions of VND from shrimp crackers and rice paper in the past year.
(seafood.vasep.com.vn) After three years of implementation, the UK-Vietnam Free Trade Agreement (UKVFTA) has yielded positive results for Vietnam’s tuna exports. The United Kingdom officially became a member of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) on December 15, 2024. This is expected to bring significant benefits for seafood enterprises, particularly in terms of tariffs and intra-bloc origin regulations - especially for tuna products.
On March 3, Sa Giang and Citek officially launched a comprehensive enterprise digital transformation project using the GROW with SAP solution.
(seafood.vasep.com.vn) According to the Action Plan to implement the growth targets for agriculture, forestry, and aquaculture from the Bình Định Department of Agriculture and Environment, which has just been issued, the goal for 2025 is to achieve an overall GRDP growth rate for the entire sector from 3.6% to 3.8%, with the highest effort to reach a growth rate of 3.8%.
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