Stable foreign exchange market, recovering prices in some markets have supported Vietnam shrimp exports in the first 3 months of the year. Concerns about the impact of the final rule on USDA catfish inspection program have pushed up Vietnam's exported pangasius prices in the first three months of this year, so that export value to the U.S. market increased. However, exports of tuna and cephalopods continued negative growths because of supply shortages.
Exports to the major markets were rising, in which sales to the U.S, China and ASEAN had 2 digital growth rates (to the U.S. increased 15%, China up 31% and 18.8% increase to ASEAN). Increases in exports of shrimp, pangasius have made U.S. proportion larger than in the same period a year ago. China and ASEAN became potential markets, while the EU, Japan and South Korea are fading.
In 2016, Vietnam seafood business will continue to face challenges such as reduced prices, non-tariff barriers, anti-dumping tariffs, lack of raw materials... However in an attempt to overcome difficulties, Vietnam seafood businesses hope to reach positive growths compared to 2015.
Seafood exports in the second quarter of 2016 is forecast to increase over the previous year. However, the production and exports of the second half of the year will likely be affected when pangasius, shrimp resources decline.
Report on Vietnam seafood exports in Quarter 1/2016 published on May 6, 2016 and provide businesses and readers with overview on Vietnam seafood production and exports in the first quarter, analysis on import demands of markets; competitiveness of the rival countries and results of production and sales of seafood business, compared with the same period last year. The report also identifies opportunities, challenges and forecasts on seafood production and exports in 2016.
Enterprises and readers who are interested in the report, please contact Ms. Nguyen Thu Trang - Mobile: 0906 151 556 - Email: nguyentrang@vasep.com.vn
SSI forecasts a 28% year-on-year increase in after-tax profit attributable to the parent company of Vinh Hoan Corporation (VHC), driven by a gradual improvement in average selling prices from USD 3.15/kg in 2024 to USD 3.30/kg (+5%) in 2025. An Giang Fisheries Import-Export Joint Stock Company (ANV)'s after-tax profit attributable to the parent company is projected to rebound by 104%.
In 2025, the Mekong Delta province of Bac Lieu aims to earn 1.2 billion USD from exporting shrimp, one of the key export products that accounts for over 95% of its total export value.
(seafood.vasep.com.vn) The Report on Vietnam Pangasius Sector 2015–2024, produced and released by the Vietnam Association of Seafood Exporters and Producers (VASEP) in January 2025, is expected to provide enterprises, importers, and government agencies with a comprehensive overview of key developments in Vietnam's pangasius production and export over the past decade. In addition to highlighting achievements, the report identifies existing challenges and analyzes future opportunities and threats for the pangasius industry.
(vasep.com.vn) Overcoming two years of fluctuation in both export markets and domestic production, Vietnam's pangasius industry has demonstrated resilience, adaptability, and a strong determination to seize opportunities and boost exports to various markets. As a result, in 2024, pangasius exports reached USD 2 billion, a 9% increase compared to 2023. This achievement is a source of pride for Vietnam's aquaculture and agriculture sectors.
(seafood.vasep.com) Speaking at a conference to implement the 2025 plan of the Ministry of Agriculture and Rural Development, Prime Minister Pham Minh Chinh urged the agricultural sector to strive for a total export turnover of agricultural, forestry, and fishery products reaching $70 billion by 2025.
With robust production and processing infrastructure, combined with continuous market development efforts, Vietnam’s seafood exports are poised for 10–15% growth in 2025.
In 2025, seafood exports are expected to continue to grow better and could reach 11 billion USD as in 2022. However, this is also the year the seafood industry will face challenges, including increased competition from other countries, trade wars and market barriers...
(seafood.vasep.com.vn) On the afternoon of December 25, at Toan Thinh Conference Center (Soc Trang City), the Soc Trang Fisheries Sub-department, under the Department of Agriculture and Rural Development of Soc Trang, held a conference to review the 2024 aquaculture activities and outline the brackish water shrimp farming plan for 2025. The event was attended by Ms. Quach Thi Thanh Binh, Deputy Director of the Department of Agriculture and Rural Development of Soc Trang.
The Mekong Delta province of Soc Trang aims to achieve export value of over 1.9 billion USD in 2025 by boosting production and processing of key products such as seafood, high-quality rice, fruits, and garments.
The UK-Vietnam Free Trade Agreement has significantly boosted Vietnamese seafood exports, with shrimp and pangasius leading the charge in the UK market.
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
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