(vasep.com.vn) According to Vietnam
Shrimp reached the highest growth among key export items of Vietnam. During the first six months of 2011, Vietnam exported 101,872 MT of shrimp, worth over US$971 million, up 17 percent in volume and 35.2 percent in value on those of the same period last year. Black tiger shrimp exports reported 56,115 MT, worth US$611.2 million, up 15 percent in volume and 31 percent in value over those of the same period last year. Whiteleg shrimp exports reached 31,014 MT, worth US$248.4 million, up 37.7 percent in volume and 72.5 percent in value on those of the same period last year.
In the first six months of 2011, Vietnam seafood items were exported to 144 countries and territories, mainly to the U.S. with 83,974 MT, worth US$502.3 million, up 40 percent in volume and 48 percent in value over those of the same period last year. During the period, the World Trade Organization (WTO) has stated that the U.S. application of the zeroing methodology for calculating anti-dumping duty against shrimp shipped from Vietnam for the second and third administrative reviews is in violation of the organization’s rules. The U.S. using zeroing pushed up the duties imposed on Vietnam shrimp exporters. The judgement of WTO is in favour of both Vietnam shrimp exporters and the U.S. shrimp importers.
Seafood exports to Japan accounts for 14.5 percent of total Vietnam seafood exports with 51,051 MT, worth US$378 million, up slightly 1.3 percent in value but down 18.2 percent in volume. This drop is partly caused by last natural disasters which tightens Japanese’ s spending on luxuries such as shrimp. Vietnam pangasius exports to Japan still grow thanks to its affordable price.
In the first half of 2011, Vietnam seafood exports reached 632,107 MT, worth US$2.61 billion, up 5.7 percent in volume and 27.7 percent in value on those of the same period last year. These figures show a good sign to Vietnam seafood industry. Vietnam seafood enterprises, fishermen and farmers are striving to promote domestic seafood industry in spite of lower supplies of raw shrimp and marine fish.
(seafood.vasep.com.vn) The US remains Vietnam’s largest single market for shrimp imports, accounting for 20% of Vietnam's total shrimp exports globally. As of October 15th, 2024, Vietnamese shrimp exports to the US reached nearly 600 million dollas, marking a 10% increase compared to the same period in 2023.
(seafood.vasep.com.vn) According to Vietnam Customs, pangasius exports to Canada reached over 1 million USD in the first half of October 2024, a 33% decrease compared to the same period last year. However, by October 15, 2024, total pangasius exports to Canada had reached 32 million USD, reflecting a 10% increase compared to the same period in 2023.
(seafood.vasep.com.vn) Cà Mau is accelerating its digital transformation, developing green industries, and promoting high-tech processing of agricultural and aquatic products, with a focus on sustainable economic growth and environmental protection.
(seafood.vasep.com.vn) The Dong Thap Pangasius Festival 2024, themed 'Dong Thap Pangasius: Green Journey - Green Value', will take place on November 16-17 in Hong Ngu City.
The positive business momentum in the domestic seafood sector could last into the first half of 2025, according to experts.
(seafood.vasep.com.vn) In the first three quarters of 2024, brackish water shrimp production exceeded 1.1 million tons, with export revenue reaching $2.8 billion. The seafood industry has set a target of $4 billion for shrimp exports for the entire year.
While the price of 1 kg of shrimp hovers around 20 USD, the value of 1 kg of chitosan—extracted from shrimp—can soar to 500 USD. This highlights a significant challenge within the seafood processing industry.
(seafood.vasep.com.vn) By October, Vietnam's shrimp exports had generated nearly $3 billion, reflecting an increase of over 10% compared to the same period last year. Shrimp remains the leading commodity contributing to the export turnover of the entire seafood industry.
(seafood.vasep.com.vn) Sao Ta Foods Joint Stock Company (FIMEX VN - HoSE: FMC) concluded Q3/2024 with significant growth in revenue. Specifically, Sao Ta Food recorded revenue of VND 2,845 billion, a 58.6% increase year-on-year. The company's profit after tax reached VND 95 billion, up 6.2%.
VASEP's Seafood Export Report for the third quarter of 2024 provides a comprehensive overview of Vietnam's seafood export performance in the first nine months, with impressive results reaching $7.2 billion—an increase of 9% over the same period last year. In the third quarter alone, seafood exports grew by 15%, totaling $2.8 billion. This growth is attributed to a recovery in demand and prices in key markets such as the U.S. and China, as well as the competitive advantage of value-added products in markets like Japan and Australia.
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