In August 2020, excluding exports to Japan and China fell, Vietnam's shrimp exports to other major markets hiked such as the US (+ 28.6%), EU (+ 15.7%), South Korea (10.2%), UK (+ 16.4%), Canada (+ 17.2%), Australia (+ 20.5%). Notably, Vietnam's shrimp exports to the EU in August 2020 achieved the highest growth rate since the beginning of this year thanks to the positive impact from the EVFTA Agreement.
In the first eight months of 2020, whiteleg shrimp accounted for 71.7% of Vietnam's total shrimp exports, black tiger shrimp accounted for 16.5%, and the rest was marine shrimp. The total value of whiteleg shrimp exports rose by 12.6% while that of black tiger shrimp declined by 15.2%. Export of processed whiteleg shrimp (HS code 16) and live/fresh/frozen whiteleg shrimp (HS code 03) increased by 22.2% and 5.2%, respectively. Export of other processed tiger shrimp (HS16) increased 32.7% while that of live/fresh/frozen tiger shrimp (HS03) shrunk by 19.2%. During the Covid-19 pandemic, the export price of whiteleg shrimp increased better than that of black tiger shrimp, and processed shrimp products were consumed more than fresh/live/frozen products.
The US: The US was the leading market for importing Vietnamese shrimp, accounting for nearly 23.6%. Vietnam's shrimp exports to the US in August 2020 grew well by 28.6% compared to August 2019. Accumulated in the first 8 months of 2020, shrimp exports to this market reached over US$544 million, up 32% over the same period in 2019. Despite the Covid-19 pandemic, Vietnam's shrimp exports to the US remained positive in all the months of the first 8 months of 2020. The US is considered the market with the most stable demand for importing Vietnamese shrimp in the first 8 months of 2020.
EU: The EU was Vietnam's fourth-largest shrimp importer after the US, Japan, and China, accounting for 13.6% of Vietnam's total shrimp export value. Vietnam shrimp exports to the EU fell continuously from March to June 2020. After a slight growth in July, Vietnam's shrimp exports to the EU recorded a growth of 15.7%, reaching US$58.8 million in August. In August 2020, Vietnam's shrimp exports to the Netherlands and Belgium went up by 15% and 41%, respectively compared to August 2019. In the first eight months of 2020, shrimp exports to the EU reached $ 313.7 million, down 2% from the same period in 2019. The EVFTA Agreement, which took effect from the beginning of August 2020, has brought a lot of expectations for Vietnam's shrimp exports to the EU market in the last months of the year.
Vietnam shrimp exports to the EU from now to the end of the year are expected to continue to increase although the growth rate is not high due to the impact from the Covid-19 pandemic. Thanks to the tax advantage of Vietnamese shrimp being better than its competitors, EU importers also look for more sources from Vietnam. Deeply processed, packaged, ready-to-eat items for home consumption are still popular.
With positive signals in Vietnam's shrimp exports in the first 8 months of this year. Vietnam shrimp exports are expected to continue to grow in the coming months. For the whole year 2020, Vietnam's shrimp export is expected to reach US$3.6 billion, up 8% compared to 2019.
(seafood.vasep.com.vn) Vinh Hoan Corporation (HOSE: VHC) continues to solidify its position as the leader in Vietnam's pangasius export industry with impressive business results in 2024 and positive prospects for 2025. Factors supporting growth, such as recovering demand, improved selling prices, and favorable international trade policies, make Vinh Hoan one of the top stocks to watch in investment portfolios for 2025.
Amid global trade uncertainties, Việt Nam is prioritising compliance with international market requirements to maintain and expand its agricultural exports.
On February 26, 2025, VinFast and the Vietnam Association of Seafood Exporters and Producers (VASEP) signed a comprehensive cooperation agreement to strongly promote green transformation goals. The collaboration between the two parties will contribute to the realization of the country’s sustainable development goals and help elevate the Vietnamese brand on the international market.
(seafood.vasep.com.vn) In 2024, the total brackish water shrimp farming area in Ca Mau reached 278,600 hectares, with a shrimp output of 242,000 tons. This output achieved 99.59% of the set target and marked a 4.57% increase compared to the same period last year. The average shrimp yield attained 869 kilograms per hectare per year, representing a 38 kilograms per hectare per year increase compared to 2023. Shrimp export turnover reached USD 1.12 billion, positioning Ca Mau amongst the nation's leading localities in this sector.
(seafood.vasep.com.vn) In 2024, Ben Tre province expanded its high-technology application in aquaculture by an additional 523 hectares, surpassing the planned target of 500 hectares and achieving a fulfillment rate of 104.6%. To date, the province has converted 3,633 hectares to high-tech aquaculture out of the 4,000-hectare goal, representing 90.82% progress towards the 2021-2025 phase plan. This sector yields an average productivity of 60-70 tons per hectare, with a total output reaching 221,282 tons. The average profit margin ranges from VND 700 to 800 million per farming season, delivering substantial economic benefits to the local populace.
(seafood.vasep.com.vn) In 2025 In 2025, Vietnam's brackish water shrimp industry will continue to grow sustainably, enhancing value-added products with strong contributions from local authorities and the business community.
(seafood.vasep.com.vn) In January 2025, the country's total seafood output was estimated at 594,100 tons, a 0.7% increase compared to the same period last year. Specifically, fish production reached 443,400 tons, up 0.7%; shrimp output was 56,300 tons, up 3.1%; and other seafood products totaled 94,400 tons, down 0.9%.
(seafood.vasep.com.vn) The industrial pangasius production in Vinh Long province in 2024 reached 95,100 tons, a 4% decrease compared to 2023. Despite the decline in production, positive trends in the final months of the year offer hope for improving economic efficiency in the near future. Additionally, the increase in the area for industrial pangasius farming and the maintenance of overall aquaculture area demonstrate the province’s efforts to sustain its production activities.
(seafood.vasep.com.vn) In January 2025, Vietnam's total seafood export value reached 774.3 million USD, a 3.3% increase compared to the same period in 2024. This is a positive result compared to January 2023, when the Lunar New Year fell at the end of the month, significantly impacting export outcomes.
(seafood.com.vn) In 2024, Vietnam exported shrimp to 107 markets, up from 102 in 2023. The top 5 major markets for Vietnam’s shrimp exports were China & Hong Kong, the U.S., Japan, the EU, and South Korea, accounting for 76% of the total shrimp export value.
VASEP - HIỆP HỘI CHẾ BIẾN VÀ XUẤT KHẨU THỦY SẢN VIỆT NAM
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