The textile and garment industry aims to achieve export value growth at 8-10 percent to a total of over 40 billion VND and an industrial production value growth at 5 percent, according to the Vietnam Textile and Garment Corporation (Vinatex).
Companies in the domestic fishery industry have also sped up investment and applied many technological solutions to ensure the quantity and quality of raw materials under commitments of those FTAs.
Tô Thi Tuong Lan, deputy general secretary of the Vietnam Seafood Exporters and Producers (VASEP), said the fishery industry strives to reach 10 billion USD in export value this year, an increase of 11 percent year on year. Of which, the export value will be 4 billion USD for shrimp, 2.4 billion USD for tra fish and 3.3 billion USD for other kinds of seafood.
Le Van Quang, chairman of Minh Phu Seafood Corporation (MPC)’s board of directors, said in 2019, MPC plans to gain growth of 15 percent to reach an output 77,400 tonnes of shrimp and an export value to 850 million USD.
This year’s pre-tax profit is more than 2.3 trillion VND, higher than 1.2 trillion VND in 2018. The company plans to carry out merger and acquisition (M&A) of factories to increase capacity to meet growing demand.
Tran Van Linh, chairman of the Da Nang-based Thuan Phuoc Seafood and Trading Joint Stock Company’s board of directors, said his company is planning to expand investment in processing plants to expand production and exports this year.
VNS/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.
VASEP - HIỆP HỘI CHẾ BIẾN VÀ XUẤT KHẨU THỦY SẢN VIỆT NAM
Chịu trách nhiệm: Ông Nguyễn Hoài Nam - Phó Tổng thư ký Hiệp hội
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Trưởng Ban Biên tập: Bà Phùng Thị Kim Thu
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