Seafood export turnover had reached US$2.9 billion as of end-June, up 10.6% year-on-year. This means the country has to export some US$3.9 billion worth of seafood products from now to the year’s end to achieve the new target of US$6.8 billion.
However, seafood exporters deemed such a target unobtainable by the year’s end due to multiple difficulties at present, especially capital shortage and shrinking markets.
Duong Ngoc Minh, vice chairman of the Vietnam Association of Seafood Exporters and Producers (VASEP), said shipping charges in 2012 had increased 70% from 2011, while the costs of labor, power and environment had picked up 40%. The euro has depreciated by 25%, while Vietnam dong remains stable, putting exporters under capital pressure, said Minh at the review conference on tra fish production and consumption in the year’s first half held in Dong Thap in late June.
Meanwhile, VASEP general secretary Truong Dinh Hoe said tra fish export to the European Union (EU) had dropped 12%. VASEP ascribed such a decline to the eurozone public debt crisis and tariff pressure.
The decline in exports to EU can be covered by higher export volumes to the U.S. and Hong Kong. However, seafood firms said the problems in the local market were more worrying.
Minh of VASEP said: “The seafood industry is approaching “death”, a “death” at home. We have a great advantage in consumption market but the operation mechanism of banks, from lending rates to credit limits, has choked off capital circulation of enterprises. As such, enterprises and farmers are forced to sell their products at any price to repay debts.”
Without solution to remove the difficulties for the seafood sector, more traders would dump their products and more farmers would lack capital for reinvestment, making it hard to achieve the export target of this year, stated Minh.
According to the agriculture department of Tra Vinh, the shrimp cultivation area of the province is facing more severe diseases. As of mid-May, over 8,000 hectares of shrimp farming had been killed, equivalent to 15,000 tons of materials, bringing a loss of VND800-900 billion, said Nguyen Van Phong, vice chairman of Tra Vinh’s government.
Incomplete statistics show that diseases have caused damage worth some VND5 trillion in shrimp farming provinces, with tens of thousands of hectares of shrimp having died of diseases. Tra Vinh, Bac Lieu and Soc Trang are the provinces that suffer the most.
(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.
(seafood.vasep.com.vn) In November 2024, Vietnam's tuna exports failed to maintain the rapid growth momentum seen earlier. Export value during the month increased by nearly 4% year-on-year, reaching approximately USD 82 million. Cumulatively, the export value for the first 11 months of 2024 totaled USD 903 million, a 17% increase compared to the same period in 2023. However, at this growth rate, the total export turnover for 2024 is estimated to only reach around USD 1 billion.
(seafood.vasep.com.vn) On the evening of December 24, 2024, in Hanoi, the Central Youth Union, Viet nam Youth Federation and the Vietnam Young Entrepreneurs Association held the Vietnam Golden Star Award Ceremony 2024, with the theme "Reaching Vietnam", honoring 200 outstanding enterprises. Deputy Prime Minister Nguyen Hoa Binh attended.
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