Thus, this is considered as a potential for seafood products of Vietnam.
In the first eight months of this year, Vietnam mollusk exports to Portugal kept more stable than to many other countries in the EU. Bivalve mollusk sales to the market went up consecutively with high growth levels of 12.9 – 120.9 percent in comparison with those of the same period of last year.
Cephalopod exports to the market also saw the great growth with 5 – 180 percent in this period. To the end of August 2012, cephalopod and bivalve export value to Portugal increased 21 percent and 31.3 percent respectively over those of 2011.
Currently, fish demand of Portugal much depends on imported sources and fish products are popular and well consumed in the North and the Central of the country. In the first seven months of this year, octopus made up highest proportion with 30 percent of the total mollusk import by the country.
Octopus is popular in Portugal and is served in seafood salad, cooked octopus or octopus with noodle. In 2005 – 2010, octopus import into the country went up averagely by 16 percent in both volume and value. Octopus supply coming from developing countries for Portugal has increase by 9 percent.
Vietnam mollusk exports to Portugal have increased in past three years. Clam is the main product of Vietnam exported to Portugal in Jan – Aug 2012, representing 47 percent of its mollusk export to the market.
(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.
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