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.
(vasep.com.vn) On November 11, 2026, in Can Tho, the Vietnam Association of Seafood Exporters and Producers (VASEP) will organize the Vietnam Seafood Summit 2026 (VSS 2026) under the theme “Seafood Market Outlook 2027–2029: Opportunities and Headroom for Double-Digit Export Growth.”
(seafood.vasep.com.vn) Business leader Do Ngoc Tai, General Director of Tai Kim Anh Seafood Processing Joint Stock Company, was honored by the Vietnam Chamber of Commerce and Industry (VCCI) with the title “Outstanding Vietnamese Entrepreneur – Thanh Giong Cup 2026” at a ceremony celebrating Vietnam Entrepreneurs’ Day (October 13). The event took place on the evening of October 11, 2026, at the National Convention Center in Hanoi.
(vasep.com.vn) The global tilapia market is becoming increasingly segmented, not only among producing countries but also by product type and destination market. Supply is divided into groups with distinct competitive advantages: large volumes of whole fish and frozen fillets from Asia, high-value fresh fillets from Latin America, and substantial domestic consumption in several major producing countries.
(vasep.com.vn) Vietnam’s tuna exports to the UK grew in the first eight months of 2026, despite signs of slowing import demand in the market. However, sharp fluctuations in orders, competition from major suppliers, and new traceability requirements are creating challenges for Vietnamese exporters.
(seafood.vasep.com.vn) Vietnam is stepping up efforts to combat illegal fishing, protect marine ecosystems, expand digital monitoring, and develop science-based management to ensure the sea can support communities and the economy for generations to come.
(seafood.vasep.com.vn) The EU remains a critical market for Vietnamese shrimp; however, purchasing demand and import patterns are undergoing notable changes. According to Vietnam Customs data, as of September 15, 2026, Vietnam’s shrimp exports to the EU reached nearly $374 million, down 5% year-over-year and accounting for 10.7% of the country’s total shrimp export value. Meanwhile, the EU’s stotal shrimp imports through July 2026 contracted by 7% in volume, exhibiting divergent trends across Southern Europe, Northwestern Europe and Eastern Europe. These dynamics necessitate that Vietnamese enterprises closely monitor individualized market demand, rather than approaching the EU as a monolithic consumer block.
(seafood.vasep.com.vn) In the first eight months of 2026, Vietnam’s exports of surimi and fish cakes remained relatively stable year-over-year compared to 2025. Following a contraction in the initial months, export performance demonstrated improvement from June onward, peaking in August. However, the recovery has been uneven, characterized by divergent trends across major markets: robust growth was recorded in China, Japan, Malaysia, the United States, and Taiwan, whereas export volumes to South Korea, Indonesia, and select European markets contracted.
(seafood.vasep.com.vn) Pangasius remains one of Dong Thap’s key aquaculture species, with the province focusing on developing an integrated value chain covering seed production, commercial farming, deep processing and by-product utilization. The province is promoting high-tech, circular pangasius farming models featuring reduced water exchange and enhanced biosecurity, aiming to improve production efficiency and strengthen control over raw material quality.
(vasep.com.vn) Vietnam’s seafood exports in September 2026 are estimated at US$1.135 billion, up 11.9% year-on-year, bringing total exports in the first nine months of the year to US$9.103 billion, up 11.4%. Behind this double-digit growth, however, increasingly divergent market trends are emerging: China–Hong Kong and ASEAN posted strong growth, while the U.S., EU and Japan all recorded declines in September.
(vasep.com.vn) In the first eight months of 2026, Brazil became the largest market for Vietnamese tilapia, with export value reaching US$44 million, up 22,142% year-on-year and accounting for 49% of Vietnam’s total tilapia exports. In August alone, exports to Brazil reached US$4 million. However, behind this remarkable growth is a market that is imposing increasingly stringent requirements on imported supplies.
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