During the month, finished shrimp production reached 1,497 tons, a 3% increase year-over-year. Consumption of finished shrimp stood at 1,648 tons, up 1.5% from the previous year.
Meanwhile, finished agricultural product output for November was 42 tons, a 59% decrease year-over-year, with consumption at 95 tons, down 16%.
Overall, November revenue reached $18.38 million, representing a 5% year-over-year growth but a 21% decline compared to October. For the first 11 months of 2024, Sao Ta achieved approximately $228.63 million in revenue, exceeding its full-year target of $210 million.
Regarding the shrimp farming, FIMEX has completed stocking the new area (203 hectares) and is in the process of stocking the old area (322 hectares), expected to be completed by December 20.
On October 22, 2024, the U.S. Department of Commerce (DOC) announced the final results of its countervailing duty (CVD) investigation on frozen warm-water shrimp from Ecuador, India, Indonesia, and Vietnam. The DOC set a CVD rate of 2.84% for Vietnam's shrimp industry.
Following the DOC's announcement, the U.S. International Trade Commission (ITC) will issue its final ruling on December 5, 2024. If the ITC delivers a final decision, the order will be issued on December 12, 2024.
Sao Ta assesses that the 2.84% CVD rate will officially pose a significant barrier for Vietnam's shrimp industry in this market. If the ITC concludes that the subsidies do not significantly affect the U.S. shrimp industry, the case will be dismissed.
"This “judgment day” is of critical importance for shrimp businesses exporting to this market. When planning their 2024 business strategies, shrimp companies likely did not anticipate the complexity of this case. Clearly, the mandatory tax payment will significantly impact their performance. FIMEX is also highly concerned and eagerly awaiting this “judgment day”. Because if the ruling is favorable, FIMEX expects to recover no less than VND 40 billion from its tax reserves, which would positively contribute to achieving its 2024 business goals," Sao Ta stated.
(seafood.vasep.com.vn) Favorable weather conditions in the early months of 2026 have brought encouraging signs for fisheries activities in Quang Tri. Output has grown steadily, contributing to improved livelihoods for local residents.
Entering 2026, Vietnam’s seafood industry is facing a period of both high expectations and mounting pressures. Following the positive recovery in 2025, production and export activities in Q1/2026 demonstrated the strong adaptability of Vietnam’s seafood business community amid continued global trade volatility, intensifying international competition, and increasingly stringent compliance requirements in import markets.
(vasep.com.vn) In the first quarter of 2026, Vietnam’s shrimp exports reached USD 1.069 billion, up 17.5% compared to the same period in 2025. This is a positive result amid an uneven global shrimp market recovery, intensifying competition among major suppliers, and continued volatility in the international trade environment. However, this growth does not reflect a broad-based recovery across the entire sector, but rather is driven mainly by strong performance in a few markets and specific product segments—most notably lobster exports to China.
(seafood.vasep.com.vn) Vietnam’s tuna exports continued to decline in March 2026. Cumulatively, in the first three months of the year, export value reached USD 208 million, down 4% compared to the same period in 2025. The export landscape shows clear divergence across markets: while the U.S. and EU remain challenging, markets such as Russia, the Middle East, Egypt, the Philippines, and Mexico have emerged as growth bright spots.
(seafood.vasep.com.vn) In Quang Ngai Province, shrimp farming costs are rising sharply due to लगातार increases in feed, fuel, and input material prices, while farm-gate shrimp prices are declining. This has significantly reduced farmers’ profit margins and increased production risks.
(seafood.vasep.com.vn) Vietnam’s tilapia exports are experiencing impressive growth, reflecting expanding global demand as well as the sector’s development potential. However, behind the strong growth figures lie limitations in production capacity and supply chains, highlighting the need for sustainable development in the coming period.
(seafood.vasep.com.vn) Vietnam’s pangasius exports to the Middle East in 2025 and early 2026 have shown notable growth. However, escalating geopolitical tensions in the region have increasingly impacted export activities since March. This situation presents a challenge of balancing market expansion opportunities with rising trade risks.
(seafood.vasep.com.vn) The Quang Tri Department of Agriculture and Environment has instructed localities to base their stocking schedules on actual conditions in each farming area, while developing plans, allocating resources, and implementing synchronized measures for disease prevention and disaster risk management in aquaculture production.
(seafood.vasep.com.vn) In the first two months of 2026, Vietnam’s exports of fish cakes and surimi exceeded USD 45 million, up 7% compared to the same period in 2025, indicating a positive outlook for this product segment amid recovering demand in many markets.
(seafood.vasep.com.vn) During the week from April 4th to 10th, 2026, Quang Ngai province intensified its monitoring and law enforcement activities with the determination to eliminate illegal, unreported, and unregulated (IUU) fishing practices.
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