ADEX Capture Industry and Service Management reported that after some recorded fluctuations in recent years as a result of the red tide that caused the death of scallops, aquaculture is "showing clear signs of recovery."
The growth experienced by the industry in the first three months is linked to the better performance of its two main products: shrimp and scallops.
Other important products were tilapia, trout and paiche, in lower volumes.
Humberto Speziani, chairman of ADEX Committee on Fisheries and Aquaculture, considers that aquaculture is in the "legal limb" because it has no legal framework, since the new Aquaculture Promotion and Development Act was not passed in January.
"The thing is that the law has expired and we are not in condition for investment. Today more than ever we need a legal framework that encourages it," Speziani stated.
Besides, he stressed that the country has conditions to develop aquaculture, which has high impact on poverty reduction and decentralization.
"We think it has more shared features with agriculture than with fisheries: diseases, pests. It has high risks and requires special tax and labour conditions," he added .
Speziani argues that Peru has the necessary conditions to surpass Chile as aquaculture producer, not as salmon producer but in other resources.
The Fisheries Committee Chairman also emphasized the great possibilities that exist for shrimp and scallops on the coast, for trout in the mountains and for paiche and tilapia in the jungle.
Of total exports, USD 48.7 million accounted for whole shrimp and for shrimp tail shipments. The main markets for these products in the first quarter were United States, Spain, South Korea and France.
Meanwhile, scallop exports totalled USD 38.6 million, and mostly were sent to France, United States, Belgium, Canada and Italy.
As for the trout, its shipments abroad in the first three months generated USD 1.6 million, and the largest markets are Canada, United States, Germany, Sweden and Spain, reported the agency Andina.
The value of tilapia export was USD 399,000, and the United States and Ecuador concentrated shipments in the January-March period this year.
(seafood.vasep.com.vn) According to a report by the General Statistics Office, the estimated pangasius output for January 2025 reached 102.5 thousand tons, representing a 6.0% increase compared to the corresponding period of the preceding year. This surge is attributed to the rise in pangasius material prices within the Mekong Delta, which has incentivized aquaculture farmers to expand their stocking activities. Concurrently, this price increase has facilitated processing enterprises to intensify procurement efforts to meet export demands during the early part of the year.
(seafood.vasep.com.vn) Between 2015 and 2024, Vietnamese pangasius exporting enterprises have undergone notable transformations in rankings and experienced fluctuations in developmental strategies, competitive intensity, and business efficacy. This dynamic is clearly illustrated through shifts in export turnover and the proportional contribution to the national pangasius export volume among the Top 5 enterprises.
(seafood.vasep.com.vn) The outlook for Vietnam’s seafood exports remains positive, with a strong focus on maintaining growth in key markets like China and the U.S., while diversifying into new regions. As global trade policies continue to evolve, adaptability and strategic planning will be key to navigating the challenges ahead.
(seafood.vasep.com.vn) Thanks to improved pangasius prices and higher production, Vĩnh Hoàn's after-tax profit in Q4 2024 reached VND 440 billion, a 4.8-fold increase compared to the same period last year.
(seafood.vasep.com.vn) According to data from Vietnam’s Customs, in Q4 2024, Vietnam’s pangasius exports to China & Hong Kong reached USD 163 million, a 17% increase compared to the same period in 2023, with consistent growth across all months. The total value of pangasius exports to China & Hong Kong for 2024 reached USD 581 million, a 1% increase over the previous year.
Vietnam’s seafood exports are projected to maintain strong growth this year, potentially reaching 11 billion USD.
(seafood.vasep.com.vn) In the final quarter of 2024, Vietnam’s surimi and fish cake exports showed consistent growth over the last three months. For the entire year 2024, exports of these products reached USD 298 million, down 2% compared to 2023. However, the final quarter saw more promising signs for the surimi and fish cake export sector, with some markets experiencing notable growth, such as Thailand, China, and Taiwan. Particularly, exports to Taiwan, which had seen continuous declines in the previous two quarters, surged by 301% in this quarter.
(seafood.vasep.com.vn) Another year of pride for Vietnam's pangasius exports has concluded, reaching over USD 2 billion and contributing 20% to Vietnam's total seafood export turnover.
Vietnam maintained its position as the fifth-largest seafood exporter to Singapore for 12 consecutive months, surpassing Japan for the first time in 2024, amid the intensifying competition in this market.
(seafood.vasep.com.vn) Despite facing numerous challenges in the second half of the year, Vietnam's canned tuna exports concluded 2024 with a 17% increase compared to 2023, reaching USD 299 million. To maintain this growth momentum in 2025, the canned tuna production and export sector requires coordinated efforts from all stakeholders.
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