Fisheries remain to be a leading hard currency earner in agriculture, recording over 4.9 billion USD in the 2010 export revenue or a 17 percent increase year on year.
Nguyen Huu Dung, Deputy Chairman of the Vietnam Association of Seafood Exporters and Producers (VASEP), said seafood exports gained ground in all major overseas markets. Export revenues to the
With export prices continuously up 1.7 percent over the previous year, shrimp led in the field with 2 billion USD in the export revenue, accounting for 40.7 percent of the sector’s gross figure.
Tra fish also enjoyed a huge jump-up in exports, earning some 1.4 billion USD for the nation from exports of 680,000 tonnes last year.
Growth rates even hit 200 and 300 percent in
He cited dumping lawsuits and catfish name imposed by the US, the trifluralin residue problem and the red-listing of tra fish in the consumer guidance manual published in several European markets as major trade barriers against Vietnam’s tra fish and shrimp.
Consequently, the exports of tra fish have sent out signals of stop, leaving a number of tra fish raising ponds empty, thus making the product supply fall short and leading to a surge in prices.
In an effort to cope with these difficulties, the Ministry of Agriculture and Rural Development (MARD) has set itself to intensify investment in improving quality to record between 1.45 and 1.55 billion USD in tra fish export revenue and over 2 billion USD in shrimp export revenue.
MARD Minister Cao Duc Phat said his ministry planned to base growth on sustainable factors such as resource refreshing, safety for fishermen, gradual restructuring of the fishing and aquaculture sector and reduction of coastal fishing while boosting offshore fishing.
MARD also asked the fisheries sector to strictly apply internationally-recognised standards codes and rules on quality evaluation in aquaculture and seafood processing on a large scale.
The National Agro-Forestry-Fisheries Quality Assurance Department (NAFIQUAD) has asked shrimp and tra fish exporters interested in the Japanese market to register quality testing and certifying at regional agricultural, forestry and seafood centres. The department has also called on the Government to put a ban on Trifluralin in aquaculture and exporters to work with wholesale dealers and farmers to reach commitments to non-use of the chemical./.
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(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.
VASEP - HIỆP HỘI CHẾ BIẾN VÀ XUẤT KHẨU THỦY SẢN VIỆT NAM
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