Farmed fish production
In the period, superficies for fish farming hit 933 thousand hectares, up 1.4 percent year on year. Pangasius farming area reached 286 thousand hectares, nearly equating to that of the same period of last year; the superficies for shrimp breeding registered 601 thousand hectares, up 1.1 percent, reported General Statistics Office.
Its output amounted to 1.4 million MT, up 3.4 percent year on year (1.09 million MT of finfish, down 1 percent and 229.5 thousand MT of shrimp, up 26.2 percent, other farmed fish hit 133 thousand MT, up 9.2 percent).
Through June 2014, the black tiger shrimp production hit 106 thousand MT on the area of 495 thousand hectares, down 5.5 percent in volume and down 10 percent in area. Meanwhile, vannamei shrimp farming area and production was 53 thousand hectares and 117 thousand MT, up 111 percent and 105 percent year on year, respectively.
Shrimp farmers are expanding whiteleg shrimp farming instead of black tiger shrimp thanks to its short farming period and high productivity.
High vannamei shrimp output were reported at some provinces i.e. Ben Tre 18.3 thousand MT, Tra Vinh 8.9 thousand MT (up 7.9 thousand MT), Bac Lieu 8.2 thousand MT (up 7.1 thousand MT) and Tien Giang 5.3 thousand MT (up 3.7 thousand MT).
Fish landings
Fish catch in the first 6 months of the year hit 1.4 million MT, up 5.5 percent year on year thanks to favorable weather and abundant resources of pelagic species. The marine catch was 1.3 million MT, up 5.6 percent.
Tuna landings in the period downed 16 percent year on year to hit 10.4 thousand MT. The decline in tuna catch was due to poor quality of tuna caused by fishing method and its low price.
The tuna catch was recorded in Binh Dinh (5.7 thousand MT, down 12.3 percent), Phu Yen (3.2 thousand MT, down 22.1 percent) and Khanh Hoa (1.5 thousand MT, down 21 percent).
(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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