By the end of August, seafood exports to the US still maintained a growth rate of nearly 27%, and to the EU increased by 10%. Exports to Korea are equivalent to the same period last year. In the top 5 markets, exports to China fell deeply by 14.6%, exports to Japan decreased by nearly 3%. Besides the US and EU, exports to Australia and Russia after 8 months still maintained high growth, increasing by 25% and 52% respectively over the same period last year.
The Covid-19 epidemic broke out strongly in the focus area of Vietnam's seafood, accounting for 90-95% of the country's seafood export turnover as well as the industry's workforce, causing difficulties for the business community.
The seafood export results in August 2021 clearly reflected the impact of the Covid-19 epidemic on the seafood industry. With a turnover of USD 588 million, seafood exports in August 2021 decreased by nearly 28% compared to the same period last year and decreased in most key products. Exports of shrimp, pangasius, tuna, squid, octopus, crabs and other marine fish all decreased by 20-33% over the same period in 2020.
Exports to all markets in August 2021 decreased by 16 - 50% compared to the same period in 2020.Accordingly, exports to China and Japan both decreased sharply by 36%, to the EU decreased by 32% (only to the Netherlands decreased by nearly 50%, Germany decreased by 42%). Exports to the US and Russia decreased by at least 16%. Exports to the UK fell by 48%, to Australia and Canada by 35% and 37% respectively.
However, with the policy of supporting and promptly removing difficulties, obstacles and bottlenecks hindering production and trade activities of enterprises before the impact of the COVID-19 epidemic, as content of Resolution No. 105/NQ-CP dated September 9, 2021 of the Government, seafood enterprises hope to have conditions and support programs to resume supply chains and gradually restore production and export from now on. 9/15. With the situation of epidemic control getting better, the policies and measures to combat the epidemic that are reasonable and suitable for both economic goals, seafood exports will accelerate in the last 3 months of the year, especially from October - the time when demand and export orders often increase.
(seafood.vasep.com.vn) The purchase price of raw pangasius in the first 11 months of 2024 remained at 26,000-27,000 VND/kg. However, farmers faced challenges in earning profits due to rising costs of fish feed, fuel, and labor during the year.
(seafood.vasep.com.vn) Sao Ta Foods Joint Stock Company (FIMEX) recently announced its production and business results for November 2024, showing a 5% year-over-year increase in revenue but a 21% decline compared to the previous month.
(seafood.vasep.com.vn) Soc Trang province underscores the critical role of the fisheries sector in driving its socio-economic development. Located along Vietnam's coastline, the province features 72 km of shoreline, three major estuaries—Dinh An, Tran De, and My Thanh—and a dense river network encompassing diverse ecosystems, including saltwater, brackish, and freshwater. These natural resources provide ideal conditions for the growth of aquaculture, making the fisheries sector a cornerstone of Soc Trang’s economic strategy.
(seafood.vasep.com.vn) In 2024, the pangasius industry in Dong Thap is projected to achieve a production value of VND 8.802 billion, marking a 2.86% increase compared to 2023 and accounting for over 17% of the province's total agricultural, forestry, and fishery production value.
(seafood.vasep.com.vn) Vietnam's tuna exports to Japan have seen robust growth over the past two months. Data from Vietnam Customs shows that in October 2024 alone, tuna exports to Japan surged by 31% year-on-year, reaching nearly USD 3.5 million. This growth has offset the decline experienced in the first half of the year, raising the total export value for the first ten months of 2024 to nearly USD 28 million, a 5% increase compared to the same period last year.
A business forum was held by the Dutch Embassy in Vietnam in collaboration with the Ministry of Agriculture and Rural Development (MARD) in the Mekong Delta city of Can Tho on November 27, seeking ways for sustainable aquaculture in the region.
(seafood.vasep.com.vn) On November 18, Ms. Truong Ha Phuong Anh, Director of the Center for Investment Promotion and Business Support (iPEC), stated that during the Ca Mau Province Agricultural and Aquatic Products Trade Promotion Conference 2024, held on November 15, there were 209 direct trade interactions between 42 seafood processing and exporting enterprises, OCOP producers in the province, and five leading domestic retail companies: Central Retail, Saigon Co.op, Kingfood Mart, Bach Hoa Xanh, and Satra Supermarket.
In 2024, the Binh Dinh Agricultural Extension Center successfully implemented a semi-intensive and intensive two-stage whiteleg shrimp farming model using Semi-Biofloc technology.
(seafood.vasep.com.vn) Recently, the area dedicated to super-intensive, high-density whiteleg shrimp farming in Trà Vinh Province has been rapidly expanding due to its high productivity and economic efficiency.
(seafood.vasep.com.vn) In collaboration with provincial authorities, specialized agencies, and local coastal governments, seafood processing and export enterprises in Binh Dinh Province are actively working to address issues related to illegal, unreported, and unregulated (IUU) fishing. The shared goal is to have the European Union's "yellow card" removed this year.
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