According to many experts and businesses, thanks to the southern provinces and cities to adapt to the Covid-19 epidemic in the new situation, the supply chain is connected smoothly, so Vietnam's shrimp exports gradually recovered from October 2021.
In addition, the fourth quarter is the time when the import demand of European countries, the US ... is always high to meet consumption at the end of the year. Besides, the shrimp industry is also supported by the increasing market price of shrimp. Raw shrimp prices in most major producing countries such as India and Indonesia tend to increase due to shortages.
The increase in the price of raw shrimp along with the gradual recovery of exports has opened up a bright future for the shrimp industry in the last months of the year. This is also the motivation for shrimp farmers and seafood exporters to overcome the most difficult period of the shrimp industry ever due to the impact of the Covid-19 epidemic.
The price of raw shrimp in the Mekong Delta is recovering and increasing gradually in the past few weeks, which has partly relieved the risk pressure on farming households. Currently, the purchase price at ponds for white-leg shrimp of 100 pcs/kg is 90,000 VND, 40-60 shrimp/kg is from 120,000-140,000 VND, 30 pcs/kg is 160,000 VND, 25 pcs/kg is 180,000 VND. , 20 pcs/kg: 240,000 VND. Black tiger shrimp 20 pcs/kg are bought by traders for about 250,000 VND, 30 pcs/kg are from 180,000-190,000 VND. With such a purchase price, shrimp farmers are still profitable even though the prices of feed and aquatic drugs are still high.
(seafood.vasep.com.vn) The outlook for Vietnam’s seafood exports remains positive, with a strong focus on maintaining growth in key markets like China and the U.S., while diversifying into new regions. As global trade policies continue to evolve, adaptability and strategic planning will be key to navigating the challenges ahead.
(seafood.vasep.com.vn) Thanks to improved pangasius prices and higher production, Vĩnh Hoàn's after-tax profit in Q4 2024 reached VND 440 billion, a 4.8-fold increase compared to the same period last year.
(seafood.vasep.com.vn) According to data from Vietnam’s Customs, in Q4 2024, Vietnam’s pangasius exports to China & Hong Kong reached USD 163 million, a 17% increase compared to the same period in 2023, with consistent growth across all months. The total value of pangasius exports to China & Hong Kong for 2024 reached USD 581 million, a 1% increase over the previous year.
Vietnam’s seafood exports are projected to maintain strong growth this year, potentially reaching 11 billion USD.
(seafood.vasep.com.vn) In the final quarter of 2024, Vietnam’s surimi and fish cake exports showed consistent growth over the last three months. For the entire year 2024, exports of these products reached USD 298 million, down 2% compared to 2023. However, the final quarter saw more promising signs for the surimi and fish cake export sector, with some markets experiencing notable growth, such as Thailand, China, and Taiwan. Particularly, exports to Taiwan, which had seen continuous declines in the previous two quarters, surged by 301% in this quarter.
(seafood.vasep.com.vn) Another year of pride for Vietnam's pangasius exports has concluded, reaching over USD 2 billion and contributing 20% to Vietnam's total seafood export turnover.
Vietnam maintained its position as the fifth-largest seafood exporter to Singapore for 12 consecutive months, surpassing Japan for the first time in 2024, amid the intensifying competition in this market.
(seafood.vasep.com.vn) Despite facing numerous challenges in the second half of the year, Vietnam's canned tuna exports concluded 2024 with a 17% increase compared to 2023, reaching USD 299 million. To maintain this growth momentum in 2025, the canned tuna production and export sector requires coordinated efforts from all stakeholders.
SSI forecasts a 28% year-on-year increase in after-tax profit attributable to the parent company of Vinh Hoan Corporation (VHC), driven by a gradual improvement in average selling prices from USD 3.15/kg in 2024 to USD 3.30/kg (+5%) in 2025. An Giang Fisheries Import-Export Joint Stock Company (ANV)'s after-tax profit attributable to the parent company is projected to rebound by 104%.
In 2025, the Mekong Delta province of Bac Lieu aims to earn 1.2 billion USD from exporting shrimp, one of the key export products that accounts for over 95% of its total export value.
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