"We hope weather conditions to be better this year, and in fact there is a change in the weather as the sea is a little colder," said SNP president, Richard Inurritegui.
He pointed out that at this moment there are cooling conditions at sea and the summer cruise completion, aimed at knowing the status of the main resources, is expected.
According to statistics from the SNP, 2012 total exports grew by 5.12 per cent with respect to export sales made in 2011.
Of this total, fishery products for indirect human consumption (IHC) for USD 2,307 million were exported, up 11.3 per cent from a year earlier.
Meanwhile, exports for direct human consumption (HCD) contributed USD 961 million, 6.9 per cent less than in 2011.
Inurritegui reported that sales of fishmeal were valued at USD 1,783 million, an amount that reflects an increase of 2.4 per cent compared with 2011.
Exports of canned and processed seafood amounted to USD 120 million, up 5.9 per cent from a year earlier, while sales of frozen products fell 8 per cent, to USD 786 million, Perú21 reported.
Inurritegui also commented that there was a 42 per cent drop in the discharge of marine species in 2012 and 40 per cent in production.
However, he expects there will be better landings and fisheries production, thanks to the dynamism of international markets.
"We hope to maintain the quota for HDC, which might increase if tuna and jumbo flying squid fishing are encouraged," he added.
(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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