While, the export value of 3 main products of shrimp, tuna and pangasius dropped 20.3%; 12.2% and 21.8% in January 2015 compared with the same period a year ago, exports in Jan 2016 increased compared with the same period of 2015. In which, shrimp exports increased 10.2%; increase of 8.3% in pangasius shipment; tuna sale up 11%; other fish increased 32.2%; up 12.7% in cephalopods; crabs and other crustaceans increased 46.3%.
In 2015 shrimp exports plunged the most among Vietnam's seafood products with negative growth of 25.3%, reaching US$2.95 billion and accounting for 44% of Vietnam seafood exports. In which, white leg shrimp exports accounted for 59% to US$1.74 billion dollars, down 25% compared with the previous year. Black tiger shrimp exports accounted for 32.6% to US$963 million, decreased 30.5%. In the year, reduced exports and low prices, Vietnam shrimp could not compete on price with shrimp from India, Thailand, China or Indonesia. In 2015, Vietnam even is the second largest import market of India only after the US.
Thanks to efforts to balance domestic production, import of raw materials, in January 2016, the shrimp export value is higher, in which whiteleg shrimp exports increased 4.7%, and export of black tiger shrimp increased 22.6% compared to January 2015.
In January 2016, the pangasius exports totaled US$149.3 million, up 8.3% compared to the same period a year ago. However, the increase of pangasius exports at this time does not mean that the results of all year will be positive. Exports to the US is expected to decrease this year because of affection from USDA new rule on catfish inspection applied on catfish and pangasius imports.
In January 2016, exports of marine products rather well grew. Exports of tuna reached US$36.8 million, up 11%; other fish reached US$105.9 million, increase of 32.2%; cephalopod exports recorded US$38.4 million, increase by 9.8% and bivalve mollusk with US$7.26 million, up 33.5%; crab and other crustaceans brought US$13 million, up 46.3% compared to the same period a year ago.
In January 2016, exports to many large markets have positive growths: the US 26.4%; the EU 5.7%; Japan rising 4.7%; China and Hong Kong rose 41.6%; ASEAN increased 35.2%; South Korea up 12.3%; Australia 5.9%. But exports to Canada decreased 37.7%; Taiwan reduced 20.3%; Mexico down 25% compared with the same period a year ago.
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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