According to Ministry of Agriculture and Rural Development (MARD), seafood export value in February was estimated at USD 351 million, down 32% month – on – month. As a result, seafood export in the first two months of 2017 was estimated at USD 844 million, decline of 3.1% year – on – year while seafood import value forecasted to increase 19.1% to USD 196 million. Seafood import value in February was USD 99 million.
Capture fishery production is expected to increased 2%, up to 389 thousand tones, in which marine fishing would be 373 thousand tons (up 4%), inland fishing would be 16 thousand tons. Tuna fishing production is estimated at 3.5 thousand tons, including Binh Dinh province at 2.3 thousand tons, Khanh Hoa province at 832 tons and Phu Yen province, 432 tons.
The decrease of seafood export value came from the rising of processing material price. The shrimp processors has come back to work after the long holiday of Tet, and tra fish demand for processing went up because of out of stock from processor’s store and lack of raw material supply in the whole year of 2017.
However, the first class tra fish raw material price (800gram/unit) up about VND 2,500 in compare to the end of last month, reaching VND 25,000 /kg. Tra fish price would be high in the future.
At major shrimp producing areas as provinces of Kien Giang, Ca Mau and Soc Trang, material price of black tiger shrimp (30 units/kg) got at VND 230,000 – 240,000 /kg while shrimp sized 40 units/kg was VND180,000 – 190,000 /kg, up VND 20,000 and 10,000, respectively. White-legged shrimp price increased by VND 10,000 – 15,000 /kg month – on – month.
On the other hand, according to Viet Nam Association of Seafood Exporters and Producers (VASEP), within two first months of this year, Vietnamese seafood products got a lot of alerts from importers that will affect seafood export in this year.
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
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