<div style="text-align: justify; line-height: 15pt; margin: 6pt 0cm 0pt"><span style="color: rgb(0, 0, 0); "><span style="font-size: 10pt; ">The NFA reported also that despite an increase in fisheries export the total PNG tuna export (for all gear types) fluctuated between 65,000 and 74,000 M/T annually from 2006 - 2010.</span></span></div> <div style="text-align: justify; line-height: 15pt; margin: 6pt 0cm 0pt"><span style="color: rgb(0, 0, 0); "><span style="font-size: 10pt; ">The report stated that frozen tuna topped the 2010 fisheries export list followed by canned tuna, cooked loins, chilled tuna and fish meal. </span></span></div> <div style="text-align: justify; line-height: 15pt; margin: 6pt 0cm 0pt"><span style="color: rgb(0, 0, 0); "><span style="font-size: 10pt; ">The frozen tuna, the majority of which is whole round frozen tuna, is the largest export category. It accounted for around 50 percent of total exports in 2010 (32,000 M/T) and most of these were destined for processing in plants elsewhere, notably Thailand and the Philippines.</span></span></div> <div style="text-align: justify; line-height: 15pt; margin: 6pt 0cm 0pt"><span style="color: rgb(0, 0, 0); "><span style="font-size: 10pt; ">NFA managing director Sylvester Pokajam said canned tuna and cooked loins (HS 1604 products) have collectively accounted for around 30-43 percent of total exports and over the past five years, cooked loin exports have consistently ranged between 10,000-12,000 M/T and canned tuna exports have ranged between 12,000-17,000 M/T, with no firm trends.</span></span></div> <div style="text-align: justify; line-height: 15pt; margin: 6pt 0cm 0pt"><span style="color: rgb(0, 0, 0); "><span style="font-size: 10pt; ">Mr. Pokajam said the European Union and United States are PNG’s largest export markets for canned tuna and cooked loins (HS 1604), together are these 2 markets accounting for 80 percent of the exports of these tuna products.</span></span></div> <div style="text-align: justify; line-height: 15pt; margin: 6pt 0cm 0pt"><span style="color: rgb(0, 0, 0); "><span style="font-size: 10pt; ">The exports numbers given by the NFA do not include fish transhipped in PNG ports by large chartered and foreign vessels with the former amounting to around 50,000 M/T in most recent years.</span></span><span style="color: #333333; font-size: 10pt"> </span></div>
(seafood.vasep.com.vn) Vietnam’s shrimp exports reached $394 million in October 2024, up 24%. In the first ten months of this year, shrimp exports brought in $3.2 billion, up 13% compared to the same period last year. Exports to all major markets recorded double-digit growth in October.
International Development and Investment Corporation (IDI), a key member of the Sao Mai Group, has consistently ranked among the largest seafood producers and exporters in Vietnam.
(seafood.vasep.com.vn) In recent years, the US has consistently been Vietnam’s largest seafood export market. Over the past five years, seafood export turnover to the US has ranged from 1.5 billion USD to 2.1 billion USD anually. Despite facing strict protective policies such as anti-dumping and countervailing duties, U.S. market demand remains high, and the quality of Vietnamese seafood continues to improve, helping to maintain and expand its position in this market.
(seafood.vasep .com.vn) The return of Donald Trump to the White House for a second term will bring significant impacts on Vietnam, particularly its pangasius export sector. Trump's economic policies, such as raising import tariffs, reducing corporate income taxes, and attracting foreign direct investment (FDI) back to the US, are expected to directly influence various industries in Vietnam.
(seafood.vasep.com.vn) The UAE ranked 16th among importers of Vietnamese shrimp from 2018 to 2022, accounting for approximately 0.5% of Vietnam's total shrimp export value. Annually, Vietnam exported around US$20 million worth of shrimp to this market.
(seafood.vasep.com.vn) The company also announced that its farms are well-prepared and will begin stocking in mid-November when the weather conditions are favorable.
(seafood.vasep.com.vn) To maximize natural advantages and increase the value of local aquatic products, Ca Mau province is promoting the ecological shrimp farming model under mangrove forests. This model not only brings high profits to people thanks to businesses committing to purchasing products at prices 10-20% higher than the market price but also aims for sustainable development and environmental friendliness.
(seafood.vasep.com.vn) The Comprehensive Economic Partnership Agreement (CEPA) between Vietnam and the United Arab Emirates (UAE) was signed after just over a year of negotiations. With high demand for premium seafood in the UAE, particularly for shrimp and tuna products, Vietnam’s tuna industry is expected to gain increased export opportunities and higher product value thanks to the preferential terms of the CEPA.
(seafood.vasep.com.vn) In October 2024, seafood exports from Vietnam are estimated to exceed $1 billion, marking a 28% increase compared to the same period last year. This achievement signifies the first return to the $1 billion milestone in 27 months, since June 2022, providing a significant boost for Vietnamese seafood enterprises.
(seafood.vasep.com.vn) Under the theme "Dong Thap Pangasius: Green Journey - Green Value," the Dong Thap Pangasius Festival 2024 will take place over two days, November 16th and 17th, at Vo Nguyen Giap Square in Hong Ngu City.
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