From April 2021, Vietnam's seafood exports to the Chinese market continuously decreased by 11-51% due to strict control of imported frozen seafood at the main ports of this country, causing congestion and costly for Chinese importers and affecting profits of importers as well as Vietnamese exporters. More affected by the Covid outbreak from July 2021, exports to China in the third quarter fell further: down 36% in August and 51% in September.
As of the end of September 2021, Vietnam's seafood exports to China decreased by 20.5% over the same period last year, reaching $768 million. In which, the two main products, shrimp and pangasius, accounted for 39% and 36% of the total seafood export value to this market, respectively, reaching 298 million USD and 279 million USD, down 23% and 20% over the same period of 2020. Shrimp exports to China decreased by 23%, mainly because black tiger shrimp exports decreased by 12% and lobster exports fell by 82%.
In addition, China is also an important crab import market of Vietnam, mainly importing live crab. By the end of September, crab exports to this market reached 36 million USD, down 21% over the same period last year.
In the face of strict control by Chinese Customs, it is forecast that Vietnam's seafood exports to China will continue to fall deeply in the last 3 months of the year, reaching $242 million in the fourth quarter, down 40%. Accordingly, it is forecasted that seafood exports to this market in 2021 will reach about 1 billion USD, down 26%.
(seafood.vasep .com.vn) The return of Donald Trump to the White House for a second term will bring significant impacts on Vietnam, particularly its pangasius export sector. Trump's economic policies, such as raising import tariffs, reducing corporate income taxes, and attracting foreign direct investment (FDI) back to the US, are expected to directly influence various industries in Vietnam.
(seafood.vasep.com.vn) The UAE ranked 16th among importers of Vietnamese shrimp from 2018 to 2022, accounting for approximately 0.5% of Vietnam's total shrimp export value. Annually, Vietnam exported around US$20 million worth of shrimp to this market.
(seafood.vasep.com.vn) The company also announced that its farms are well-prepared and will begin stocking in mid-November when the weather conditions are favorable.
(seafood.vasep.com.vn) To maximize natural advantages and increase the value of local aquatic products, Ca Mau province is promoting the ecological shrimp farming model under mangrove forests. This model not only brings high profits to people thanks to businesses committing to purchasing products at prices 10-20% higher than the market price but also aims for sustainable development and environmental friendliness.
(seafood.vasep.com.vn) The Comprehensive Economic Partnership Agreement (CEPA) between Vietnam and the United Arab Emirates (UAE) was signed after just over a year of negotiations. With high demand for premium seafood in the UAE, particularly for shrimp and tuna products, Vietnam’s tuna industry is expected to gain increased export opportunities and higher product value thanks to the preferential terms of the CEPA.
(seafood.vasep.com.vn) In October 2024, seafood exports from Vietnam are estimated to exceed $1 billion, marking a 28% increase compared to the same period last year. This achievement signifies the first return to the $1 billion milestone in 27 months, since June 2022, providing a significant boost for Vietnamese seafood enterprises.
(seafood.vasep.com.vn) Under the theme "Dong Thap Pangasius: Green Journey - Green Value," the Dong Thap Pangasius Festival 2024 will take place over two days, November 16th and 17th, at Vo Nguyen Giap Square in Hong Ngu City.
(seafood.vasep.com.vn) The Department of Agriculture and Rural Development of Kien Giang has announced a plan to stabilize the biosafety rice-shrimp production area at 117,340 hectares by 2030.
(seafood.vasep.com.vn) According to the Department of Fisheries in Ca Mau, the total aquatic product output in the region is estimated at 536,140 tons as of October 17, achieving 82.23% of the annual plan and marking a 1.74% increase compared to the same period last year. Within this total, shrimp production stands at 208,495 tons, reaching 82.41% of the planned target and showing a 2.23% increase year-over-year.
(seafood.vasep.com.vn) According to data from Vietnam Customs, pangasius exports to Iraq have surged significantly in the first nine months of 2024, marking the highest levels seen in three years. This upward trend has positioned Iraq as a key market for Vietnamese pangasius, even surpassing Iran, traditionally regarded as a gateway for trade between Vietnam and the Middle East.
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