According to the Ministry of Agriculture and Rural Development, the price of raw pangasius in the Mekong Delta provinces in December decreased slightly by 500 - 700 dong/kg compared to the previous month, reaching around 28,500 - 29,000 VND/kg for pangasius size 800g-1kg. Large companies increased capacity at the end of the year, but still mainly prioritized catching raw fish in their own system for signed contracts, with few new transactions. Companies exporting to the Chinese market are mainly looking to purchase large fish from 1.2kg or more, but the low fish stock in most localities makes transactions slow.
The price of pangasius fingerling size 28-35 fish/kg in December was at 34,000 - 35,000 VND/kg, down 3,000 - 4,000 VND/kg compared to the previous month. The demand for catching seed of private farmers and businesses tends to be slow due to concerns about the output of the fish market.
Meanwhile, the price of raw shrimp in the Mekong Delta decreased slightly in the context of weak supply and a decline in exports at the end of the year due to declining market demand, difficulties in raw materials and high production costs.
In Bac Lieu, the average price of frozen black tiger shrimp size 20, 30, 40 pieces/kg is currently at 255,000 VND/kg and 200,000 VND/kg, 145,000 VND/kg, respectively, down 15,000 - 25,000 VND/kg compared to the previous month. Prices of frozen white shrimp size 60, 70 pieces/kg respectively at 100,000 VND/kg, 95,000 VND/kg, down 5,000 VND/kg compared to the previous month; while the larger size of 30 - 40 pieces/kg increased slightly by 5,000 - 10,000 VND/kg due to the scarcity of goods. Export processing factories have not yet signed many contracts for 2023, so although shrimp supply is low, prices are less volatile.
According to statistics, Vietnam seafood export value in December 2022 reached 756 million USD, bringing the seafood export value in 2022 to 10.98 billion USD, up 23.4% compared to 2021.
The US, Japan and China are the top 3 import markets of Vietnamese seafood in the first 11 months of 2022, accounting for 50% of the total seafood exports value. In the first 11 months of 2022, seafood export value increased in all markets. The market with the highest increase in seafood export value is China (up 71.3%).
Estimated import value of seafood products in December 2022 reached 250 million USD, bringing the total value of seafood imports in 2022 to 2.75 billion USD, up 37.8% compared to 2021. In the first 11 months of 2022, Vietnam mainly imported seafood products from India (accounting for 13.9%), Indonesia (10.2%) and Norway (9.4%). Compared to the same period in 2021, Vietnam's seafood import value in the first 11 months of 2022 from India increased by 20.3%, Indonesia up 96.4% and Norway up 15.5%.
Compiled by Thuy Linh
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
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
