According to Directorate of Fisheries, through November 2013, shrimp farming area nationwide reached 652,612 hectares, equaling to 99.2 percent of the same time of 2012. The figure included 588,894 hectares of black tiger shrimp farming and 63,719 hectares of vannamei farming. Shrimp output obtained 475,854 MT including 232,853 MT of black tiger shrimp and 243,001 MT of whiteleg shrimp. At the period, shrimp export revenue is expected to hit US$2.8 billion, showing a year-on-year increase of 37 percent and occupying 44 percent of the country’s total seafood exports.
Farmers in Vietnam’s coastal provinces of (from Quang Ninh to Phu Yen) reared brackishwater shrimp on the area of 36,879 hectares, making up 5.7 percent of Vietnam’s total shrimp farming area and reaped the output of 76,071 MT, accounting for 14.1 percent of total shrimp production.
Some provinces reporting high shrimp yield were Quang Ninh, Nghe An, Quang
In term of seed production, there are 1,722 facilities of black tiger shrimp seed and 583 facilities of whiteleg shrimp seed throughout the country with total production of 68.4 billion shrimp seed including 21.3 billion of black tiger shrimp and 47.2 billion of whiteleg shrimp. Provinces from Quang Ninh to Phu Yen have 227 facilities, occupying 13.18 percent of the country’s total number of facilities with production of over 7 billion seed, making up 4.8 percent of the country’s total seed production. Some provinces reporting high production of shrimp seed were Binh Dinh, Phu Yen, Quang
(seafood.vasep.com.vn) The US remains Vietnam’s largest single market for shrimp imports, accounting for 20% of Vietnam's total shrimp exports globally. As of October 15th, 2024, Vietnamese shrimp exports to the US reached nearly 600 million dollas, marking a 10% increase compared to the same period in 2023.
(seafood.vasep.com.vn) According to Vietnam Customs, pangasius exports to Canada reached over 1 million USD in the first half of October 2024, a 33% decrease compared to the same period last year. However, by October 15, 2024, total pangasius exports to Canada had reached 32 million USD, reflecting a 10% increase compared to the same period in 2023.
(seafood.vasep.com.vn) Cà Mau is accelerating its digital transformation, developing green industries, and promoting high-tech processing of agricultural and aquatic products, with a focus on sustainable economic growth and environmental protection.
(seafood.vasep.com.vn) The Dong Thap Pangasius Festival 2024, themed 'Dong Thap Pangasius: Green Journey - Green Value', will take place on November 16-17 in Hong Ngu City.
The positive business momentum in the domestic seafood sector could last into the first half of 2025, according to experts.
(seafood.vasep.com.vn) In the first three quarters of 2024, brackish water shrimp production exceeded 1.1 million tons, with export revenue reaching $2.8 billion. The seafood industry has set a target of $4 billion for shrimp exports for the entire year.
While the price of 1 kg of shrimp hovers around 20 USD, the value of 1 kg of chitosan—extracted from shrimp—can soar to 500 USD. This highlights a significant challenge within the seafood processing industry.
(seafood.vasep.com.vn) By October, Vietnam's shrimp exports had generated nearly $3 billion, reflecting an increase of over 10% compared to the same period last year. Shrimp remains the leading commodity contributing to the export turnover of the entire seafood industry.
(seafood.vasep.com.vn) Sao Ta Foods Joint Stock Company (FIMEX VN - HoSE: FMC) concluded Q3/2024 with significant growth in revenue. Specifically, Sao Ta Food recorded revenue of VND 2,845 billion, a 58.6% increase year-on-year. The company's profit after tax reached VND 95 billion, up 6.2%.
VASEP's Seafood Export Report for the third quarter of 2024 provides a comprehensive overview of Vietnam's seafood export performance in the first nine months, with impressive results reaching $7.2 billion—an increase of 9% over the same period last year. In the third quarter alone, seafood exports grew by 15%, totaling $2.8 billion. This growth is attributed to a recovery in demand and prices in key markets such as the U.S. and China, as well as the competitive advantage of value-added products in markets like Japan and Australia.
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