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) 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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