Statistics released by the association showed that in the first 11 months of the year, the country’s seafood export turnover was estimated at more than 7.6 billion USD, representing an increase of 18 percent year-on-year. In November alone, export turnover rose by 11 percent from the previous month to reach 733 million USD.
Specifically, the shrimp export turnover was 3.5 billion USD in the January-November period, increasing 22 percent from the corresponding period last year. The tra catfish turnover posted a 5 percent year-on-year rise to 1.6 billion USD. The product’s turnover this year is expected to reach 1.8 billion USD, or a 4 percent increase from last year.
The tuna export turnover in the period increased by 19 percent from the same period last year to 541 million USD, and is predicted to earn 600 million USD this year. Exports of squid and octopus in 2016 reached 565 million USD, up 48 percent, and are expected to reach over 600 million USD, up 37 percent over 2016.
The market has seen slow growth in recent months. Seafood exports to the European Union (EU) are forecast to continue reducing this month due to the effects of the EU’s warning about illegal, unreported and unregulated (IUU) fishing.
The Ministry of Agriculture and Rural Development has reported that the seafood output in the first 11 months of the year reached over 3 million tonnes, representing a 4 percent year-on-year rise.
The aquaculture output in November was 345,000 tonnes, bringing the total output in 11 months to 3.51 million tonnes, up 8 percent from the same period last year.
The ministry said tuna output in the three central coastal provinces was 17,390 tonnes, including Binh Dinh at 9,700 tonnes; Khanh Hoa at 3,806 tonnes and Phu Yen at 3,976 tonnes. The price of tuna ranges from 96,000 VND (4.2 USD) to 115,000 VND per kilo.
The tra catfish aquaculture area in the Cuu Long (Mekong) Delta region in the first 11 months of the year also rose by 2 percent from last year to 5,822ha, and output of over 1.2 million tonnes. Dong Thap province has the highest output of 436,000 tonnes, up 1.4 percent from the corresponding period last year. It was followed by An Giang with 258,000 tonnes and Can Tho with 171,500 tonnes.
The price of tra fish was stable last month at 26,000-28,000 VMD per kilo.
The shrimp aquaculture area also continued to increase to 562,000ha and output of 237,600 tonnes.
Source: VNA
(seafood.vasep.com.vn) Sao Ta Foods Joint Stock Company (ticker symbol FMC - HoSE), one of Vietnam's largest shrimp exporters, recently announced its 2024 business results.
(seafood.vasep.com.vn) The United States remains one of the largest importers and consumers of Vietnamese pangasius, primarily in the form of frozen fillets. However, in recent years, the country has significantly increased its imports of value-added pangasius products.
(seafood.vasep.com.vn) After reaching a peak of nearly USD 6 million in June 2024, the export value of Vietnamese tuna to Italy has stagnated and continuously declined in the last five months of the year. Cumulatively, by December 15, 2024, export turnover to this market decreased by 18% compared to the same period in 2023, reaching over USD 30 million. With this decline, Italy is no longer Vietnam's largest tuna import market within the EU bloc.
The Mekong Delta province of Tien Giang, with its 32-km coastline, is well-positioned to develop a thriving seafood industry. Recognising the importance of sustainable offshore fishing, local authorities have implemented policies to modernise the fishing fleet and support operations in offshore waters.
(seafood.vasep.com.vn) On the evening of December 23, 2024, in Ho Chi Minh City, the Vietnam Association of Seafood Exporters and Producers (VASEP) held a ceremony to celebrate the seafood export milestone of 10 billion USD, with hopes for continued growth in 2025. The event was attended by Deputy Minister of Agriculture and Rural Development Phung Duc Tien, Deputy Minister of Foreign Affairs Nguyen Minh Hang, and representatives from various ministries, as well as domestic and international partners.
(seafood.vasep.com.vn) With a market share exceeding 10% in Vietnam's aquafeed sector, Sao Mai Super Feed has affirmed its position as one of the leading brands, making a significant contribution to the development of the pangasius industry and elevating Vietnamese pangasius products on the international stage.
Secretary General of the Vietnam Association of Seafood Exporters and Producers (VASEP) Nguyen Hoai Nam said that in the past 5-6 years, Vietnam's seafood export value has only hovered around 8-10 billion USD/year. To reach the value of 16 billion USD by 2030, Mr. Nam proposed establishing corporations/enterprises to exploit the sea.
(seafood.vasep.com.vn) Vinh Hoan Seafood (stock code VHC) announced that its export turnover to three key markets— the U.S., EU, and China—grew between 32% and 40% in November 2024 compared to the same period in 2023.
(seafood.vasep.com.vn) Shrimp exports for the first 11 months of 2024 brought in nearly 3.6 billion USD, up 22% compared to the same period last year. Exports to major consumption markets all recorded double-digit growth.
(seafood.vasep.com.vn) In 2023, total pangasius imports into the European Union saw a significant decline compared to the previous year. Approximately 70,000 tons were imported, 3,000 tons less than in 2022, according to a report from FAO-Globefish.
VASEP - HIỆP HỘI CHẾ BIẾN VÀ XUẤT KHẨU THỦY SẢN VIỆT NAM
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