According to Nguyen Thi Thu Sac, Vice Chairwoman of VASEP and head of its marine products committee, tuna exports still have room to grow thanks to imported raw fish and Vietnam’s trade agreements with a number of countries.
Tuna exports are forecast to top 1 billion USD this year, 350 million USD higher than last year, she said.
Exports of other fish, squid, octopus and other seafood products are likely to be steady or increase slightly, she said.
Referring to markets, she said shipments to Japan are expected to jump by 27 percent to 900 million USD, with exporters focusing on marine fish, surimi and value-added products.
Exports to the Republic of Korea are also expected to rise by 27 percent to 600 million USD as exporters take advantage of the free trade agreement with the country to boost shipments of all kinds of products, especially squid, octopus and crab, she said.
Firms would boost exports of tuna and other fish as well as squid, octopus and crab to the US by an expected 10 percent to 480 million USD, she said.
Last year, exports to the EU fell by 4-20 percent, except for tuna, whose shipments increased by 11.5 percent, but even that growth halved from 2017 due to the impact of the yellow card, she said.
The sector is working to get the yellow card warning lifted this year, she added.
Exports to Southeast Asia are expected to reach 480 million USD, up 18 percent, with a focus on exports of tuna, octopus and other species.
(seafood.vasep.com.vn) On November 18, Ms. Truong Ha Phuong Anh, Director of the Center for Investment Promotion and Business Support (iPEC), stated that during the Ca Mau Province Agricultural and Aquatic Products Trade Promotion Conference 2024, held on November 15, there were 209 direct trade interactions between 42 seafood processing and exporting enterprises, OCOP producers in the province, and five leading domestic retail companies: Central Retail, Saigon Co.op, Kingfood Mart, Bach Hoa Xanh, and Satra Supermarket.
In 2024, the Binh Dinh Agricultural Extension Center successfully implemented a semi-intensive and intensive two-stage whiteleg shrimp farming model using Semi-Biofloc technology.
(seafood.vasep.com.vn) Recently, the area dedicated to super-intensive, high-density whiteleg shrimp farming in Trà Vinh Province has been rapidly expanding due to its high productivity and economic efficiency.
(seafood.vasep.com.vn) In collaboration with provincial authorities, specialized agencies, and local coastal governments, seafood processing and export enterprises in Binh Dinh Province are actively working to address issues related to illegal, unreported, and unregulated (IUU) fishing. The shared goal is to have the European Union's "yellow card" removed this year.
(seafood.vasep.com.vn) Ca Mau Province has affirmed its position as the "shrimp kingdom" of Vietnam, with the largest area for ecological shrimp farming in the country.
(seafood.vasep.com.vn) According to data from Vietnam Customs, the export value of pangasius in October 2024 reached nearly $202 million, representing a 17% increase year-on-year. Cumulatively, pangasius exports to various markets in the first ten months of 2024 totaled $1.7 billion, marking a 9% growth compared to the same period last year.
(seafood.vasep.com.vn) On the afternoon of November 6th, Vietnam time, U.S. media announced the preliminary vote count showing that Donald Trump won the 2024 U.S. presidential election. His victory is expected to bring significant changes in taxes, trade, investment, and more. As a result, Vietnam's tuna exports will also be affected.
(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.
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