(vasep.com.vn) In the first eight
In January - August 2011, shrimp exports (Vietnam’s key export item) generated US$1.44 billion, up nearly 23 percent over that of the same period last year. Although shrimp farming area in some key provinces expanded and the price of the black tiger shrimp and whiteleg shrimp increased, there is still a shortage of raw shrimp for processors.
The reason for this shortage is the disease in black tiger shrimp farms in Soc Trang, Ca Mau, Bac Lieu provinces.
Therefore, the processors can not operate at full capacity, even in the middle of shrimp harvest. For the rest of the year, the processors will still suffer from the lack of raw material despite rising orders and high demand from the global markets.
The material source of wild-caught fish is the same. Some fishing vessels can not go offshore fishing due to high fuel price. Many exporters have to reduce export volume because of lack of raw fish.
Although catch landings is unchangeable, the structure of catch species varies. There is a reduction in high value species but an increase in low value ones. The lack of raw material together with the Chinese dealers’ competition in purchasing raw fish leads to increasing fish price.
With 600 hectares of farming area, it seems that the supply of pangasius is stable, but it has fallen into unbalanced state for recent years. The fish price tends to rise after 3 gloomy months, mainly for fish sized 700-800 gram per piece.Despite shortage of raw material, it is expected that in the rest months of this year, Vietnam seafood exports will keep a stable growth.
However, exporters are concerning about unstable state. In the upcoming time, the processors should invest in upgrading modern processing equipments with an aim to enhance processing capacity and reduce fuel cost instead of building new plants. Besides, it is necessary to strengthen the linkage among farmers and the processors to establish large-scale farming area and set up offshore fishing teams so that processors can hold balance in raw material.
SSI forecasts a 28% year-on-year increase in after-tax profit attributable to the parent company of Vinh Hoan Corporation (VHC), driven by a gradual improvement in average selling prices from USD 3.15/kg in 2024 to USD 3.30/kg (+5%) in 2025. An Giang Fisheries Import-Export Joint Stock Company (ANV)'s after-tax profit attributable to the parent company is projected to rebound by 104%.
In 2025, the Mekong Delta province of Bac Lieu aims to earn 1.2 billion USD from exporting shrimp, one of the key export products that accounts for over 95% of its total export value.
(seafood.vasep.com.vn) The Report on Vietnam Pangasius Sector 2015–2024, produced and released by the Vietnam Association of Seafood Exporters and Producers (VASEP) in January 2025, is expected to provide enterprises, importers, and government agencies with a comprehensive overview of key developments in Vietnam's pangasius production and export over the past decade. In addition to highlighting achievements, the report identifies existing challenges and analyzes future opportunities and threats for the pangasius industry.
(vasep.com.vn) Overcoming two years of fluctuation in both export markets and domestic production, Vietnam's pangasius industry has demonstrated resilience, adaptability, and a strong determination to seize opportunities and boost exports to various markets. As a result, in 2024, pangasius exports reached USD 2 billion, a 9% increase compared to 2023. This achievement is a source of pride for Vietnam's aquaculture and agriculture sectors.
(seafood.vasep.com) Speaking at a conference to implement the 2025 plan of the Ministry of Agriculture and Rural Development, Prime Minister Pham Minh Chinh urged the agricultural sector to strive for a total export turnover of agricultural, forestry, and fishery products reaching $70 billion by 2025.
With robust production and processing infrastructure, combined with continuous market development efforts, Vietnam’s seafood exports are poised for 10–15% growth in 2025.
In 2025, seafood exports are expected to continue to grow better and could reach 11 billion USD as in 2022. However, this is also the year the seafood industry will face challenges, including increased competition from other countries, trade wars and market barriers...
(seafood.vasep.com.vn) On the afternoon of December 25, at Toan Thinh Conference Center (Soc Trang City), the Soc Trang Fisheries Sub-department, under the Department of Agriculture and Rural Development of Soc Trang, held a conference to review the 2024 aquaculture activities and outline the brackish water shrimp farming plan for 2025. The event was attended by Ms. Quach Thi Thanh Binh, Deputy Director of the Department of Agriculture and Rural Development of Soc Trang.
The Mekong Delta province of Soc Trang aims to achieve export value of over 1.9 billion USD in 2025 by boosting production and processing of key products such as seafood, high-quality rice, fruits, and garments.
The UK-Vietnam Free Trade Agreement has significantly boosted Vietnamese seafood exports, with shrimp and pangasius leading the charge in the UK market.
VASEP - HIỆP HỘI CHẾ BIẾN VÀ XUẤT KHẨU THỦY SẢN VIỆT NAM
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