Squid products continued to be the main export products of Vietnam in the first two months of 2018, accounting for 56% of total export value, while octopus accounted for 44%. Of that, sales of dried/salted/fresh/live/frozen octopus (HS code 03) accounted for the highest proportion of 34%; followed by fresh/live/frozen squid (HS code 03), accounting for 31.7%.
This year, thanks to abundant supply of raw materials and high demand from the main markets, Vietnam has boosted its exports to key markets. According to Vietnam Customs statistics, Vietnam’ cephalopod exports to 9 main markets including South Korea, Japan, the EU, Asean, China and Hong Kong, the U.S, Taiwan, Russia and Israel all went up over the same period last year.
South Korea: Exports to South Korea kept the good growth momentum. Vietnam’s cephalopod exports to the market in March 2018 reached nearly US$18 million, up 4% over the same period in 2017; the figure in Jan-Mar 2018 estimated at US$46 million, up 13% over the same period in 2017. South Korea remained as the largest importer of Vietnam cephalopod, accounting for over 36% of Vietnam’s total export value of this item.
Japan: According to Vietnam Customs statistics, Vietnam’s cephalopod exports to Japan in March 2018 reached US$11 million, up 3% over the same period in 2017; the figure in Jan-Mar 2018 hit US$30.6 million, up 17% over the same period last year. Japan's economy is on the trend of recovery, the yen has increased, which facilitated exports of Vietnam cephalopod to this market.
The EU: The EU held as the third rank in top cephalopod buyers of Vietnam. Exports of this item in March 2018 reached US$6.4 million, down 20% compared with March 2017. Therefore, exports to the bloc in the first three months of this year decreased by 13.5% to touch US$17.3 million. This may be driven by the impact of the EU "yellow card" for seafood exports of Vietnam. Italy, France and Spain continued to be the three biggest importers of Vietnam cephalopod in the EU. Of that, exports to Italy and France were down 25.5% and 7.3%, respectively.
ASEAN: In March 2018, Vietnam’s cephalopod exports to ASEAN rebounded to reach US$6.1 million, up 19% compared to March 2017. As a result, the total export value of this item to the region in the first three months of this year increased by 30% to hit US$16 million. Thailand was a large market of Vietnam cephalopod in ASEAN. Vietnam’s cephalopod exports to Thailand in the first 3 months of 2018 reached US$12 million, up nearly 27%.
China: Vietnam’s cephalopod exports to China continued to show the strong growth. In March 2018, Vietnam’s cephalopod exports to this market amounted to US$4.3 million, up 236% over the same period in 2017; the figure in the first three months of 2018 hit US$9.6 million, up 176% year on year.
With Tet (Lunar New Year) approaching, fishermen along Vietnam's central coast are capitalizing on favourable weather conditions to intensify their fishing efforts, meeting the burgeoning demand for seafood across the nation.
(seafood.vasep.com.vn) Shrimp exports in 2024 reached nearly USD 4 billion, a 14% increase compared to 2023. Reflecting on 2024, the shrimp industry demonstrated resilience and persistent effort in overcoming challenges, solidifying its strong position in exports.
(seafood.vasep.com.vn) Sao Ta Foods Joint Stock Company (ticker symbol FMC - HoSE), one of Vietnam's largest shrimp exporters, recently announced its 2024 business results.
(seafood.vasep.com.vn) The United States remains one of the largest importers and consumers of Vietnamese pangasius, primarily in the form of frozen fillets. However, in recent years, the country has significantly increased its imports of value-added pangasius products.
(seafood.vasep.com.vn) After reaching a peak of nearly USD 6 million in June 2024, the export value of Vietnamese tuna to Italy has stagnated and continuously declined in the last five months of the year. Cumulatively, by December 15, 2024, export turnover to this market decreased by 18% compared to the same period in 2023, reaching over USD 30 million. With this decline, Italy is no longer Vietnam's largest tuna import market within the EU bloc.
The Mekong Delta province of Tien Giang, with its 32-km coastline, is well-positioned to develop a thriving seafood industry. Recognising the importance of sustainable offshore fishing, local authorities have implemented policies to modernise the fishing fleet and support operations in offshore waters.
(seafood.vasep.com.vn) On the evening of December 23, 2024, in Ho Chi Minh City, the Vietnam Association of Seafood Exporters and Producers (VASEP) held a ceremony to celebrate the seafood export milestone of 10 billion USD, with hopes for continued growth in 2025. The event was attended by Deputy Minister of Agriculture and Rural Development Phung Duc Tien, Deputy Minister of Foreign Affairs Nguyen Minh Hang, and representatives from various ministries, as well as domestic and international partners.
(seafood.vasep.com.vn) With a market share exceeding 10% in Vietnam's aquafeed sector, Sao Mai Super Feed has affirmed its position as one of the leading brands, making a significant contribution to the development of the pangasius industry and elevating Vietnamese pangasius products on the international stage.
Secretary General of the Vietnam Association of Seafood Exporters and Producers (VASEP) Nguyen Hoai Nam said that in the past 5-6 years, Vietnam's seafood export value has only hovered around 8-10 billion USD/year. To reach the value of 16 billion USD by 2030, Mr. Nam proposed establishing corporations/enterprises to exploit the sea.
(seafood.vasep.com.vn) Vinh Hoan Seafood (stock code VHC) announced that its export turnover to three key markets— the U.S., EU, and China—grew between 32% and 40% in November 2024 compared to the same period in 2023.
VASEP - HIỆP HỘI CHẾ BIẾN VÀ XUẤT KHẨU THỦY SẢN VIỆT NAM
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Trưởng Ban Biên tập: Bà Phùng Thị Kim Thu
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