In fact, Vietnam shrimps are being favored by many strict markets such as the U.S., Japan and EU which require compliance with their high quality standards.
Vietnam is one of 5 largest shrimp producers in the world with annual raw shrimp production of 350,000 – 400,000 MT. Vietnam's shrimp products are currently exported to more than 90 global markets.
Thanks to favorable natural conditions, Vietnam is the largest black tiger shrimp producer and black tiger shrimp is considered as the key exported species by the country. Besides, whiteleg shrimp farming is fast growing in Vietnam to meet higher demand from global consumers. The species production reported a rapid growth in the past years and expected to reach over 300,000 MT in 2014.
In 2013, thanks to better control in EMS in shrimp farms, Vietnam supplied a significant volume of shrimp to global markets while some others faced heavy losses by diseases.
Last year, Vietnam's shrimp exports to the U.S. reported the highest growth among 5 largest shrimp suppliers to the market. In the year, Vietnam shrimp sales to the market touched 59,534 MT, up 45.6 percent year on year. Also in 2013, Vietnam ranked the first in supplying frozen shrimp to Japan and held the 7thposition in exporting shrimp to EU.
Despite facing a lot of technical barriers, Vietnam shrimp industry still got a foothold in global markets. This was attributable to efforts by Vietnam's shrimp processors and exporters as well as relevant authorities in strengthening quality control.
On January 21st 2014, Japan decided to lift the regulation of 100 percent Ethoxyquin (an anti-oxidant substance used in shrimp feed production) testing on Vietnam's shrimp imported into the market. Japan also raised maximum residue limits (MRL) of Ethoxyquin to 0.2 ppm, 20-fold increase from the previous level of 0.01ppm.
Vietnam's shrimp processors and exporters are intensifying control on residues of chemicals, antibiotics and filthy substances from raw shrimps to process and export. Shrimp products must be inspected for 5 times before being exported.
To remain stable growth in 2014 shrimp exports and keep Vietnam's shrimp prestige in the international market, Vietnam shrimp industry tightens shrimp quality control under production chain from seed to exported products. The control on filthy substances and antibiotics in shrimp is given priority. Competent authorities made strong commitments to impose heavy punishment of shrimp trade violations.
(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
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