The export value of seafood in the first 2 months of 2022 reached 1.5 billion USD, up 51%; pangasius particularly registers a strong growth rate of over 83% while that of shrimp is over 34%... The Vietnam Association of Seafood Exporters and Producers (VASEP) also claimed that seafood production and processing has almost recovered to normal as before the pandemic.
Market demand is extremely high, and businesses are inundated with orders. Because of the increase in domestic price of raw materials, farmers, fishermen, and businesses are actively producing and anticipating a prosperous year.
Hung Ca Co., Ltd. claimed that it had four frozen seafood processing plants with a processing capacity of 600 to 1,200 tons of raw fish per day to quickly recover production and sales after the COVID-19 pandemic. The firm now has a raft of orders and is making efforts to delivery on schedule.
From the first month of the year, shrimp exports rose by 43% on the corresponding period in 2021. Among exported shrimp products, the export value of processed black tiger shrimp experienced the most significant surge with 157%. The three largest shrimp import markets of Vietnam, including the US, Japan and the EU, all recorded optimistic growths.
As for Vietnam's largest shrimp import market which is the US, the good growth in this market has allowed Vietnam to maintain its 4th rank among the main shrimp suppliers for the US.
According to VASEP, despite the substantial increase in inflation in the US, shrimp demand is anticipated to surge this year as a result of US's economic stabilization policies. Not only shrimp, the US also promotes import of aquatic products from Vietnam such as: pangasius, especially tuna which increased more than 3 times.
Intensive shrimp farming area in Vietnam currently covers over 740,000 ha; with annual yield of over 900,000 tons/year. In particular, Vietnam's black tiger shrimp output surpassed 250,000 tons, ranking first in the world. Although shrimp area expanded by jusst about 1.5% per year, shrimp production increased sharply by 10%/year.
This factor proves the ongoing progress of the farming process, with a substantially larger output than previously. The prosperous market and sufficient production capacity will help Vietnamese shrimp products continue to affirm their position in other countries.
After 3 years of low prices, the price of raw pangasius has now reached from VND 27,000 - 30,000/kg. Currently, pangasius enterprises in the Mekong Delta are unable to meet orders delivery time.
Along with that, pangasius production in the chain has exceeded 87% and 100% of the farming area has been granted a code to aid in traceabikity, which will be an advantage for pangasius to quickly reach $ 2 billion this year.
According to Ms. To Thi Tuong Lan, Deputy General Secretary of VASEP, the major import markets of Vietnamese pangasius are seeing strong growth and high pricing. Pangasius exports in 2022 are forecasted to increase by 20-25% as compared to 2021.
Not only shrimp or pangasius, many other kinds of seafood including squid, octopus, crab, crab .... all recorded double-digit growth.
According to Mr. Ho Quoc Luc, Chairman of the Board of Directors of Sao Ta Food Joint Stock Company (Fimex VN), the market in 2022 will be largely determined by the COVID-19 pandemic situation.
Compiled by Khanh Linh
(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.
VASEP - HIỆP HỘI CHẾ BIẾN VÀ XUẤT KHẨU THỦY SẢN VIỆT NAM
Chịu trách nhiệm: Ông Nguyễn Hoài Nam - Phó Tổng thư ký Hiệp hội
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