PRESS RELEASE
Vietnam pangasius exports to the U.S still steady after August 2, 2017
Pangasius exports to the United States declined in the first quarter due to a shortage of raw materials, but recovered in the second quarter
with an 8.4% increase thanks to rising demand and the increase in raw material supply. Vietnam pangasius exports to the market is still steady after August 2, 2017, when all batches of products of Siluriformes fish that are to be shipped to the United States will have to undergo food safety tests.
Concerned about the catfish inspection program, Mr. Truong Dinh Hoe - General Secretary of Vietnam Association of Seafood Exporters and Producers (“VASEP) said that, while the equivalence process is not yet finished, it is prudent not to assume any possibility of Vietnam not passing through the equivalence determination or the consequential suspension of the on-going exports to the U.S. at any specific time. He added that during the 18-month transitional period, both sides have worked out cooperative approaches to common issues in question and FSIS has also given close guidance on how to comply with the US requirements.
After receiving the official letter of the Food Safety and Inspection Service (“FSIS”) informing ahead schedule inspection of Siluriformes fish (starting August 02. 2017 instead of September 01, 2017), the National Agro-Forestry-Fisheries Quality Assurance Department (“NAFIQAD”) has provided guidance to establishments eligible for exports to the U.S. (as listed in https://www.fsis.usda.gov/wps/wcm/connect/eb3720e3-221c-4928-a018-028df5cc28b5/Vietnam_establishments.pdf?MOD=AJPERES) on the inspection requirements regarding labeling, detailed inspection contents, testing parameters for chemicals residues and speciation,etc,.. Following this guidance, on August 15, 2017 Vietnam Ministry of Agriculture and Rural Development issued Decision 3379/QD-BNN-QLCL providing the Siluriformes Controlling Program for exports to the U.S. effective as of September 1, 2017.
NAFIQAD is also preparing a complete equivalence package to be submitted to FSIS on August 20, 2017. After that, FSIS will initiate the review process of the submitted documentation, and if the submission provides an initial basis for believing the country to be equivalent, FSIS will do an in-country audit.
Although Hoe believes that Vietnam pangasius industry has been well developed with substantial and stringent food safety control system to be determined equivalent, he expressed a concern that an import discrimination policy from the U.S. government may cause unfavorable and unfair decision against Vietnam.
VASEP hopes that there will be solutions by the 2 governments not to disrupt free trade between the two countries.
(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