The EU is one of the markets that consumes the most Vietnamese pangasius. However, in the first 5 months of this year, this market continuously increased and decreased erratically in demand for pangasius imports. After increasing imports of pangasius from Vietnam by 20% in January, the EU immediately reduced imports in the following two months. In February 2024, the EU imported 8 million USD, down 46%, and in March 2024, it imported more than 18 million, down 7% over the same period last year.
One of the reasons leading to the decrease in February 2024 was due to the Lunar New Year holiday. However, February 2024 was still the month that witnessed the lowest pangasius export value to this market in the past 3 years, since the beginning of 2022. Although still down 7% compared to the same period in 2023, the value of pangasius exports to the EU in March 2024 was still recorded as the highest level since April last year.
Frozen pangasius fillets are still the main product of Vietnam exported to the EU. In the first 5 months of this year, the EU bought 67 million USD of frozen pangasius fillets, down 8% over the same period last year, accounting for 11% of the total value of Vietnam exporting this product to markets and accounting for 95% of the total value of this product. Pangasius exports its value to the EU. Exports of other products such as frozen whole or cut pangasius (HS code 03) (except fish under HS code 0304) and high-value pangasius to the EU also witnessed negative growth in the first 5 months of this year, with the value for the first time reaching nearly 3 million USD, down 14%, accounting for a 4% proportion, and nearly 1 million USD, down 34% over the same period, accounting for a 1% proportion.
The Netherlands is still the country that imports the most Vietnamese pangasius in the bloc, with an import value of nearly 2 million USD in the first half of June 2024, up 3% over the same period in 2023. As of June 15, 2024, Pangasius exports to the Netherlands reached nearly 21 million USD, down 9% over the same period last year.
(seafood.vasep.com.vn) The purchase price of raw pangasius in the first 11 months of 2024 remained at 26,000-27,000 VND/kg. However, farmers faced challenges in earning profits due to rising costs of fish feed, fuel, and labor during the year.
(seafood.vasep.com.vn) Sao Ta Foods Joint Stock Company (FIMEX) recently announced its production and business results for November 2024, showing a 5% year-over-year increase in revenue but a 21% decline compared to the previous month.
(seafood.vasep.com.vn) Soc Trang province underscores the critical role of the fisheries sector in driving its socio-economic development. Located along Vietnam's coastline, the province features 72 km of shoreline, three major estuaries—Dinh An, Tran De, and My Thanh—and a dense river network encompassing diverse ecosystems, including saltwater, brackish, and freshwater. These natural resources provide ideal conditions for the growth of aquaculture, making the fisheries sector a cornerstone of Soc Trang’s economic strategy.
(seafood.vasep.com.vn) In 2024, the pangasius industry in Dong Thap is projected to achieve a production value of VND 8.802 billion, marking a 2.86% increase compared to 2023 and accounting for over 17% of the province's total agricultural, forestry, and fishery production value.
(seafood.vasep.com.vn) Vietnam's tuna exports to Japan have seen robust growth over the past two months. Data from Vietnam Customs shows that in October 2024 alone, tuna exports to Japan surged by 31% year-on-year, reaching nearly USD 3.5 million. This growth has offset the decline experienced in the first half of the year, raising the total export value for the first ten months of 2024 to nearly USD 28 million, a 5% increase compared to the same period last year.
A business forum was held by the Dutch Embassy in Vietnam in collaboration with the Ministry of Agriculture and Rural Development (MARD) in the Mekong Delta city of Can Tho on November 27, seeking ways for sustainable aquaculture in the region.
(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.
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