In the structure of Vietnam's seafood export in the past three years to the South Korean market, shrimp is the product with the highest export value, with an average of 15-40 million USD/month. Currently, South Korea is the third largest white shrimp export market of Vietnam (after the US and Japan).
In the first three months of this year, South Korea continued to order white shrimp from Vietnam with outstanding products such as HLSO whiteleg shrimp, fresh and frozen Nobashi white shrimp, fresh and frozen sushi, butterfly whiteleg shrimp, frozen PD white shrimp. In addition, this market also imports fresh and frozen PTO black tiger shrimp from Vietnam.
Originally a large traditional export market of Vietnamese shrimp exporting enterprises, in 2020, shrimp exports to this market was affected by the Covid-19 epidemic, the average shrimp export price to South Korea also decreased slightly.
In the first 3 months of 2021, there were nearly 30 shrimp processing enterprises participating in exporting shrimp to the South South Korean market, of which, Ca Mau Seafood Processing and Service Joint Stock Company (CASES) was the enterprise with the largest export value to this market, followed by businesses such as: MINH PHU HAU GIANG (Hau Giang); Minh Hai Seafood Joint Stock Company (SEA MINH HAI - Bac Lieu); Ngoc Trinh Bac Lieu Seafood Company Limited and Hai Viet Corporation (HAVICO - Ba Ria - Vung Tau).
According to the latest statistics of ITC, in the first two months of this year, South Korea also imported shrimp from more than 100 markets, of which Vietnam is still the leading shrimp supplier of South Korea. In addition, a number of other major shrimp suppliers are also focusing on exporting shrimp to the South South Korean market such as Thailand, Ecuador, Argentina, China, Malaysia ...
In 2020, South Korean seafood importers will also face many difficulties due to the Covid epidemic. So far, due to neglect and subjectivity with epidemics, the 4th wave of infections has returned to the country in March-April 2021. Currently, the authorities have increased surveillance in highly infectious places such as restaurants, cafes, steam facilities and childcare centers. Health officials could tighten regulations in crowded places and business activities if this trend continues. Therefore, in the upcoming time, business activities of South Korean seafood enterprises may not avoid the impact, and sales are likely to decrease.
(seafood.vasep.com.vn) Shrimp exports in 2024 reached nearly USD 4 billion, a 14% increase compared to 2023. Reflecting on 2024, the shrimp industry demonstrated resilience and persistent effort in overcoming challenges, solidifying its strong position in exports.
(seafood.vasep.com.vn) Sao Ta Foods Joint Stock Company (ticker symbol FMC - HoSE), one of Vietnam's largest shrimp exporters, recently announced its 2024 business results.
(seafood.vasep.com.vn) The United States remains one of the largest importers and consumers of Vietnamese pangasius, primarily in the form of frozen fillets. However, in recent years, the country has significantly increased its imports of value-added pangasius products.
(seafood.vasep.com.vn) After reaching a peak of nearly USD 6 million in June 2024, the export value of Vietnamese tuna to Italy has stagnated and continuously declined in the last five months of the year. Cumulatively, by December 15, 2024, export turnover to this market decreased by 18% compared to the same period in 2023, reaching over USD 30 million. With this decline, Italy is no longer Vietnam's largest tuna import market within the EU bloc.
The Mekong Delta province of Tien Giang, with its 32-km coastline, is well-positioned to develop a thriving seafood industry. Recognising the importance of sustainable offshore fishing, local authorities have implemented policies to modernise the fishing fleet and support operations in offshore waters.
(seafood.vasep.com.vn) On the evening of December 23, 2024, in Ho Chi Minh City, the Vietnam Association of Seafood Exporters and Producers (VASEP) held a ceremony to celebrate the seafood export milestone of 10 billion USD, with hopes for continued growth in 2025. The event was attended by Deputy Minister of Agriculture and Rural Development Phung Duc Tien, Deputy Minister of Foreign Affairs Nguyen Minh Hang, and representatives from various ministries, as well as domestic and international partners.
(seafood.vasep.com.vn) With a market share exceeding 10% in Vietnam's aquafeed sector, Sao Mai Super Feed has affirmed its position as one of the leading brands, making a significant contribution to the development of the pangasius industry and elevating Vietnamese pangasius products on the international stage.
Secretary General of the Vietnam Association of Seafood Exporters and Producers (VASEP) Nguyen Hoai Nam said that in the past 5-6 years, Vietnam's seafood export value has only hovered around 8-10 billion USD/year. To reach the value of 16 billion USD by 2030, Mr. Nam proposed establishing corporations/enterprises to exploit the sea.
(seafood.vasep.com.vn) Vinh Hoan Seafood (stock code VHC) announced that its export turnover to three key markets— the U.S., EU, and China—grew between 32% and 40% in November 2024 compared to the same period in 2023.
(seafood.vasep.com.vn) Shrimp exports for the first 11 months of 2024 brought in nearly 3.6 billion USD, up 22% compared to the same period last year. Exports to major consumption markets all recorded double-digit growth.
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
Đơn vị vận hành trang tin điện tử: Trung tâm VASEP.PRO
Trưởng Ban Biên tập: Bà Phùng Thị Kim Thu
Giấy phép hoạt động Trang thông tin điện tử tổng hợp số 138/GP-TTĐT, ngày 01/10/2013 của Bộ Thông tin và Truyền thông
Tel: (+84 24) 3.7715055 – (ext.203); email: kimthu@vasep.com.vn
Trụ sở: Số 7 đường Nguyễn Quý Cảnh, Phường An Phú, Quận 2, Tp.Hồ Chí Minh
Tel: (+84) 28.628.10430 - Fax: (+84) 28.628.10437 - Email: vasephcm@vasep.com.vn
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Tel: (+84 24) 3.7715055 - Fax: (+84 24) 37715084 - Email: vasephn@vasep.com.vn
