The Ministry of Agriculture and Rural Development attributed the high output to favourable weather conditions during the January-June period.
Of the figure, offshore catch exceeded 1.55 million tonnes, a year-on-year rise of 5 percent while the output caught in inland rivers and lakes was 85,000 tonnes, up 1.2 percent over the corresponding time last year.
The good weather also made it easier for tuna fishing in the central provinces of Binh Dinh, Phu Yen and Khanh Hoa, which brought ashore an estimated 13,026 tonnes, an increase of 21.8 percent year-on-year. Tuna prices at ports ranged between 60,000 VND and 96,000 VND per kilo.
Meanwhile, farm fish output reached 1.69 million tonnes in the reviewed time, rising 6.7 percent year on year, and accounting for 43.3 percent of the annual plan, the ministry said.
Tra fish output hit 583,503 tonnes, equivalent to the number recorded in the same period last year and 50.7 percent of the target set for the whole year although tra fish farming area in the Mekong Delta decreased 16 percent to an estimated 3,076 ha.
During the reviewed period, brackish shrimp farms also produced 216,811 tonnes, up 14.7 percent year-on-year and completing 32.9 percent of the yearly target, on an area of 639,761 ha, an increase of 5.5 percent.
White-leg shrimp farming area expanded by 32.6 percent to 57,680 ha which produced 107,662 tonnes, up 30.8 percent. Meanwhile, with an area of 582,080 ha, up 3.4 percent year-on-year, the output of tiger prawn was 109,149 tonnes, a rise of 2.2 percent.
In the first six months of this year, aquatic products worth 3.5 billion USD have been shipped abroad since the beginning of this year, predominantly to the US, Japan, China and the RoK, marking a 14.1 percent rise.
Source: VNA
(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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