This year, seafood continues to be the key export item of Vietnamese agricultural sector with an estimated export revenue of US$335 million in February.
In the first 2 months of the year, seafood sales brought back US$919 million, up 23.5 percent year on year, while earnings from agricultural exports were down 20.5 percent to US$1.73 billion,
The U.S. remains the leading seafood importer of Vietnam, representing 26.67 percent in total export value. In January 2014, this market sourced US$155.6 million of seafood products, up 89 percent year on year.
Shipments to Japan, Korea, and Australia also got considerable growth of 31.45 percent, 29.27 percent and 17.85 percent, respectively. Some other countries saw drop like China (-37.79 percent) and Thailand (-7 percent).
Raw material imports keep hiking
Besides, imports of raw material into the country reported a sharp increase. In February, import value of seafood is estimated to be US$85 million. The two-month figure totaled US$185 million, up 115.5 percent against the same period of last year.
Marine fish landings up, farmed fish production down
According to MARD, Vietnam’s fish production in February this year is estimated to reach 369.7 thousand MT, up 4 percent year on year. The figure in the first two months of the year is estimated to reach 768.8 thousand MT, up 2.3 percent year on year.
Aquaculture output hit 323.6 thousand MT, down 0.3 percent. Capture output registered 445.2 thousand MT, up 4.3 percent in which marine catch jumped by 4.7 percent to 419.4 thousand MT.
Aquaculture production in February is gauged to be 140.8 thousand MT, down 1.5 percent year on year.
Pangasius farmers continue to meet difficulties due to lower raw fish price and decreased output. Prices of raw fish has not increased from the previous month so farmers has no interest in keeping the fish farms, leading to decreased farming areas and production.
Farming shrimp and other aquatic species witnessed stability. The provinces in the country are stocking whiteleg shrimp and black tiger shrimp under innovated extensive model and preparing ponds for new crop of black tiger shrimp.
The capture production hit 228.9 thousand MT in February, up 7.8 percent year on year, of which marine catch increased by 8.6 percent to 215.3 thousand MT.
Some provinces caught high volume of fish such as Kien Giang of 73,790 MT, Ninh Thuan 33,500 MT, 17,200 MT of Binh Thuan, Vung Tau 43,183 MT, Bac Lieu 17,914 MT and 28,500 MT of Ca Mau.
(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.
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