If that projection becomes true, a growth of between 21 per cent and 23 per cent will be recorded compared to 2012.
According to ADEX president, Eduardo Amorrortu, aquaculture product exports increased by 13 per cent between 2008 and 2012, indicating that the aquaculture industry has potential growth.
In the first nine months of 2013, the country exported 20,000 tonnes of aquaculture products for USD 196 million, according to Adex Business Intelligence System Data Trade.
To Amorrortu, the development of aquaculture in
"We have important areas on the coast, in the lakes and rivers in the mountains, and in the jungle. All this is a huge potential that we are not using," he added.
Meanwhile, the manager of Services and Catching Industries of ADEX, Susana Yturry stressed that paiche and scallop exports lead the growth this year driven by shipments to new markets:
"In 2011 we had only 74 markets, in 2012 we managed to have 114 and we hope that in 2013 the number of already explored markets will amount to over 120 markets," she remarked.
On the other hand, the Ministry of Production (Produce) announced that before the end of the year the new aquaculture promotion and development act, which provides a fund to promote technological research in this area, will be ready, reported America Economica.
The deputy minister of Fisheries, Paul Phumpiu, argues that the only way to enhance the growth of the aquaculture industry is by promoting research to develop new areas for farming products that are successful in international markets. Among these products those that stand out are paiche, trout, shrimp, scallops and tilapia.
(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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