Shrimp harvest completed, FIMEX VN achieves 75% of sales target

News 08:57 18/09/2024
(seafood.vasep.com.vn) FIMEX VN's sales surged almost 36% year-on-year to USD 30.38 million in August 2024, driven by a 74% increase in finished shrimp production.

Recently, FIMEX VN announced its sales figures for August 2024. The company reported a revenue of USD 30.38 million for the month, marking an increase of nearly 36% compared to the same period last year.

In August, the production of processed shrimp reached 3,450 tons, a 74% increase year-on-year. This growth was attributed to several contracts signed with customers, necessitating increased processing to meet delivery deadlines. The sales volume of processed shrimp totaled 2,726 tons, up 36% compared to August 2023.

Meanwhile, the production of finished agricultural products decreased by 42% year-on-year to 44 tons. However, sales of agricultural products reached 116 tons, up 37% compared to the same period last year.

For the first eight months of 2024, FIMEX VN's total sales are estimated at USD 156.6 million. The company has set a sales target of USD 210 million for the year, having achieved 75% of this target by the end of August.

 

FIMEX VN also noted that by the end of August, its farms had completed the shrimp harvest and are now preparing ponds for the next farming season, which will commence when weather conditions improve.

According to the Vietnam Association of Seafood Exporters and Producers (VASEP), in July 2024, exports of all major seafood products experienced significant growth. Notably, shrimp exports grew by 11%, marking the highest growth rate in the past seven months.

Shrimp exports to China and the EU increased by 24% and 32%, respectively, while exports to the U.S. rose by 9%, and to Japan by 4%. However, exports to South Korea dropped by 21%.

In total, shrimp exports for the first seven months of 2024 reached nearly USD 2 billion, up 7% year-on-year. Whiteleg shrimp exports accounted for USD 1.45 billion, up 4%, while black tiger shrimp exports totaled USD 246 million, down 10%. Lobster exports, on the other hand, nearly tripled, reaching USD 145 million.

Stock Price Movements of FMC

According to the 2023 annual report, FIMEX VN’s Chairman of the Board, Ho Quoc Luc, observed that in 2023, Vietnam’s shrimp industry faced significant risks due to economic recessions in major markets like the U.S. and Europe, persistently high inflation, and declining consumer demand. Additionally, fierce competition from Vietnam’s main shrimp rivals, Ecuador and India, added to the challenges.

Although Japan, FMC’s largest market, did not experience the soaring inflation seen in Western countries, it was still affected by weak purchasing power and consistently rising exchange rates.

Looking ahead to 2024, FIMEX VN anticipates that challenges in the shrimp industry will persist for at least the first six months of the year, potentially with even greater scale and impact compared to 2023. Specifically, tensions in the Red Sea could directly affect shrimp exports to the U.S. and Europe, while anti-dumping and countervailing duty lawsuits in the U.S. may reduce profits and weaken the competitiveness of Vietnam's shrimp businesses.

Bạn đang đọc bài viết Shrimp harvest completed, FIMEX VN achieves 75% of sales target tại chuyên mục News của Hiệp hội VASEP
shrimp harvest fimex vn sales target

TIN MỚI CẬP NHẬT

Vietnam’s Pangasius Exports Look to the UK, Japan, and EU for New Growth Momentum

 |  09:06 20/10/2026

(vasep.com.vn) Vietnam’s pangasius export value reached US$1.7 billion in the first nine months of 2026, up 11% year on year. In September alone, exports totaled US$210 million, an increase of 16%. China, the United States, and Brazil were the three largest markets, accounting for 49% of total export value. While China and Brazil maintained their growth momentum, exports to the US remained below the level recorded in the same period last year.

Vietnam Seafood Summit 2026: Exploring new growth opportunities for Vietnam’s seafood industry

 |  08:46 16/10/2026

(vasep.com.vn) On November 11, 2026, in Can Tho, the Vietnam Association of Seafood Exporters and Producers (VASEP) will organize the Vietnam Seafood Summit 2026 (VSS 2026) under the theme “Seafood Market Outlook 2027–2029: Opportunities and Headroom for Double-Digit Export Growth.”

Business leader Do Ngoc Tai: Vision, determination, and ambition to take Vietnam’s seafood industry further

 |  11:56 14/10/2026

(seafood.vasep.com.vn) Business leader Do Ngoc Tai, General Director of Tai Kim Anh Seafood Processing Joint Stock Company, was honored by the Vietnam Chamber of Commerce and Industry (VCCI) with the title “Outstanding Vietnamese Entrepreneur – Thanh Giong Cup 2026” at a ceremony celebrating Vietnam Entrepreneurs’ Day (October 13). The event took place on the evening of October 11, 2026, at the National Convention Center in Hanoi.

Global tilapia supply is being reshaped, opening new opportunities for Vietnam

 |  08:27 13/10/2026

(vasep.com.vn) The global tilapia market is becoming increasingly segmented, not only among producing countries but also by product type and destination market. Supply is divided into groups with distinct competitive advantages: large volumes of whole fish and frozen fillets from Asia, high-value fresh fillets from Latin America, and substantial domestic consumption in several major producing countries.

Vietnam’s tuna exports to the UK rise 12%, with further market share gains still possible

 |  08:38 12/10/2026

(vasep.com.vn) Vietnam’s tuna exports to the UK grew in the first eight months of 2026, despite signs of slowing import demand in the market. However, sharp fluctuations in orders, competition from major suppliers, and new traceability requirements are creating challenges for Vietnamese exporters.

Marine conservation to be strengthened to protect livelihoods and blue economy

 |  09:11 08/10/2026

(seafood.vasep.com.vn) Vietnam is stepping up efforts to combat illegal fishing, protect marine ecosystems, expand digital monitoring, and develop science-based management to ensure the sea can support communities and the economy for generations to come.

Vietnam’s shrimp exports to the EU: opportunities remain as the market shifts

 |  09:18 07/10/2026

(seafood.vasep.com.vn) The EU remains a critical market for Vietnamese shrimp; however, purchasing demand and import patterns are undergoing notable changes. According to Vietnam Customs data, as of September 15, 2026, Vietnam’s shrimp exports to the EU reached nearly $374 million, down 5% year-over-year and accounting for 10.7% of the country’s total shrimp export value. Meanwhile, the EU’s stotal shrimp imports through July 2026 contracted by 7% in volume, exhibiting divergent trends across Southern Europe, Northwestern Europe and Eastern Europe. These dynamics necessitate that Vietnamese enterprises closely monitor individualized market demand, rather than approaching the EU as a monolithic consumer block.

Vietnam’s surimi exports: the imperative for continued expansion into high-demand markets needed

 |  08:25 06/10/2026

(seafood.vasep.com.vn) In the first eight months of 2026, Vietnam’s exports of surimi and fish cakes remained relatively stable year-over-year compared to 2025. Following a contraction in the initial months, export performance demonstrated improvement from June onward, peaking in August. However, the recovery has been uneven, characterized by divergent trends across major markets: robust growth was recorded in China, Japan, Malaysia, the United States, and Taiwan, whereas export volumes to South Korea, Indonesia, and select European markets contracted.

Dong Thap accelerates pangasius farming and deep processing

 |  08:27 05/10/2026

(seafood.vasep.com.vn) Pangasius remains one of Dong Thap’s key aquaculture species, with the province focusing on developing an integrated value chain covering seed production, commercial farming, deep processing and by-product utilization. The province is promoting high-tech, circular pangasius farming models featuring reduced water exchange and enhanced biosecurity, aiming to improve production efficiency and strengthen control over raw material quality.

Seafood exports surpass US$9 billion in the first nine months, growth slows in Q4

 |  09:24 02/10/2026

(vasep.com.vn) Vietnam’s seafood exports in September 2026 are estimated at US$1.135 billion, up 11.9% year-on-year, bringing total exports in the first nine months of the year to US$9.103 billion, up 11.4%. Behind this double-digit growth, however, increasingly divergent market trends are emerging: China–Hong Kong and ASEAN posted strong growth, while the U.S., EU and Japan all recorded declines in September.

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

VPĐD: số 10, Nguyễn Công Hoan, Ngọc Khánh, Ba Đình, Hà Nội

Tel: (+84 24) 3.7715055 - Fax: (+84 24) 37715084 - Email: vasephn@vasep.com.vn

© Copyright 2020 - Mọi hình thức sao chép phải được sự chấp thuận bằng văn bản của VASEP

DANH MỤC