VASEP said at a meeting in HCMC on Aug 2nd 2016 that to fulfill export orders, Vietnam last year had to spend roughly US$1 billion importing unprocessed seafood from 84 markets, with shrimp accounting for 40% of the total.
VASEP chairman Ngo Van Ich said importing more unprocessed seafood is essential to realize the export target of US$10 billion by 2020.
The association said climate change has dealt a blow to aquaculture this year. The area under tiger and white-leg prawn farming has been hit hard, leading to a plunge in output. Therefore, many local processors have relied on shrimp from foreign sources.
According to the Ministry of Agriculture and Rural Development, brackish water shrimp output in the Mekong Delta dipped in the first six months, leading prices to go up. Many processing plants ran at 50-60% capacity in the period due to material shortages.
In the second half, shrimp and pangasius output is projected to slide due to unfavorable weather conditions.
The import price of unprocessed shrimp is US$1-2 per kilogram lower than that of local shrimp, so firms will buy shrimp overseas to raise the competitiveness of their products on foreign markets.
Local seafood companies have imported unprocessed shrimp from India and tuna from the Philippines and Indonesia.
Due to an undersupply of unprocessed shrimp, VASEP has revised down its forecast for shrimp exports by US$300 million to US$3 billion this year.
VASEP secretary general Truong Dinh Hoe was quoted by the Vietnam News Agency as saying that the recent saltwater intrusion would send down shrimp supply in the remaining months of this year.
Hoe said shrimp shipments to the U.S. climbed by 13.8% in the first six months, to China and Hong Kong by 41.8%, and the European Union (EU) by 6.5%.
However, exports fell by 9% a year-on-year from Japan, which made up 17.1% of Vietnam’s total shrimp exports in the first half.
Vietnam accounts for 12.4% of the total shrimp imports into the U.S., ranking fourth after Indonesia, India and Thailand. Exports to the choosy market are expected to jump after the Ministry of Industry and Trade clinched an agreement on anti-dumping duty on shrimp imports from Vietnam with the U.S. Department of Commerce and the U.S. Trade Representative.
This year, Vietnam has sold shrimp to 75 markets, down from 81 in 2015. The top 10 importers are the U.S., the EU, Japan, China, South Korea, Canada, Australia, ASEAN, Taiwan, and Switzerland. These markets account for 95% of Vietnam’s total shrimp exports.
Seafood exports brought US$3.15 billion in the January-June period, up 4% year-on-year. Of the total, shrimp contributed US$1.4 billion, rising by nearly 5% versus the year-earlier period.
(seafood.vasep.com.vn) Sao Ta Foods Joint Stock Company (ticker symbol FMC - HoSE), one of Vietnam's largest shrimp exporters, recently announced its 2024 business results.
(seafood.vasep.com.vn) The United States remains one of the largest importers and consumers of Vietnamese pangasius, primarily in the form of frozen fillets. However, in recent years, the country has significantly increased its imports of value-added pangasius products.
(seafood.vasep.com.vn) After reaching a peak of nearly USD 6 million in June 2024, the export value of Vietnamese tuna to Italy has stagnated and continuously declined in the last five months of the year. Cumulatively, by December 15, 2024, export turnover to this market decreased by 18% compared to the same period in 2023, reaching over USD 30 million. With this decline, Italy is no longer Vietnam's largest tuna import market within the EU bloc.
The Mekong Delta province of Tien Giang, with its 32-km coastline, is well-positioned to develop a thriving seafood industry. Recognising the importance of sustainable offshore fishing, local authorities have implemented policies to modernise the fishing fleet and support operations in offshore waters.
(seafood.vasep.com.vn) On the evening of December 23, 2024, in Ho Chi Minh City, the Vietnam Association of Seafood Exporters and Producers (VASEP) held a ceremony to celebrate the seafood export milestone of 10 billion USD, with hopes for continued growth in 2025. The event was attended by Deputy Minister of Agriculture and Rural Development Phung Duc Tien, Deputy Minister of Foreign Affairs Nguyen Minh Hang, and representatives from various ministries, as well as domestic and international partners.
(seafood.vasep.com.vn) With a market share exceeding 10% in Vietnam's aquafeed sector, Sao Mai Super Feed has affirmed its position as one of the leading brands, making a significant contribution to the development of the pangasius industry and elevating Vietnamese pangasius products on the international stage.
Secretary General of the Vietnam Association of Seafood Exporters and Producers (VASEP) Nguyen Hoai Nam said that in the past 5-6 years, Vietnam's seafood export value has only hovered around 8-10 billion USD/year. To reach the value of 16 billion USD by 2030, Mr. Nam proposed establishing corporations/enterprises to exploit the sea.
(seafood.vasep.com.vn) Vinh Hoan Seafood (stock code VHC) announced that its export turnover to three key markets— the U.S., EU, and China—grew between 32% and 40% in November 2024 compared to the same period in 2023.
(seafood.vasep.com.vn) Shrimp exports for the first 11 months of 2024 brought in nearly 3.6 billion USD, up 22% compared to the same period last year. Exports to major consumption markets all recorded double-digit growth.
(seafood.vasep.com.vn) In 2023, total pangasius imports into the European Union saw a significant decline compared to the previous year. Approximately 70,000 tons were imported, 3,000 tons less than in 2022, according to a report from FAO-Globefish.
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
Đơn vị vận hành trang tin điện tử: Trung tâm VASEP.PRO
Trưởng Ban Biên tập: Bà Phùng Thị Kim Thu
Giấy phép hoạt động Trang thông tin điện tử tổng hợp số 138/GP-TTĐT, ngày 01/10/2013 của Bộ Thông tin và Truyền thông
Tel: (+84 24) 3.7715055 – (ext.203); email: kimthu@vasep.com.vn
Trụ sở: Số 7 đường Nguyễn Quý Cảnh, Phường An Phú, Quận 2, Tp.Hồ Chí Minh
Tel: (+84) 28.628.10430 - Fax: (+84) 28.628.10437 - Email: vasephcm@vasep.com.vn
VPĐD: số 10, Nguyễn Công Hoan, Ngọc Khánh, Ba Đình, Hà Nội
Tel: (+84 24) 3.7715055 - Fax: (+84 24) 37715084 - Email: vasephn@vasep.com.vn