Against the move, some related countries have claims on allegations by the group.
VASEP has proof to combat to US shrimpers
He was responding in a statement on US companies’ filing of an anti-subsidy lawsuit against Vietnamese shrimp and other prominent shrimp farming countries. The
Now,
“We should understand that disputes among companies in the same industry inside and outside the nation are unavoidable,” Hoe said.
“If COGSI has evidence to persuade DOC to launch the anti-subsidy investigation, VASEP on behalf of local shrimp exporters will also have proof to show their accusation is not right.”
VASEP has got in touch with Vietnamese companies to inform them of the case and encourage them to get the necessary documents ready in case they are approached regarding the investigation, he noted.
Ecuadorian trade group Camara Nacional de Acuacultura (CMA) calls the shrimpers’ claims untrue and is in the process of working with the government to respond to the petition, José Antonio Camposan, executive vice president for the association, told IntraFish.
“I’ve read the case, and all the things that they mention are not subsidies,” he said.
Nathalie Cely, the ambassador for
Even though Camposeno is confident Ecuadorian shrimp exporters do not receive subsidies, he is less confident the
Travis Larkin, president of the Ecuadorian shrimp importer Seafood Exchange, told IntraFish he does not know of any subsidies that foreign shrimp companies receive.
He is expecting continued growth in the Ecuadorian shrimp sector over the coming year.
The proposed move will be ‘a big blow’ to the seafood industry, which is already passing through a ‘tough phase’ as marine exports have registered a decline of 6.91 per cent in quantity and 16.60 per cent in dollar earnings in April-September 2012-13, Norbert Karikkassery, President of Seafood Exporters Association, Kerala said.
(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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