Soc Trang also leads the country in shrimp exports, accounting for nearly a quarter of the country's shrimp exports, of which 95% of the province's shrimp export value is from vannamei shrimp, and black tiger shrimp only accounts for about 4%. Currently, Soc Trang has about 20 seafood export enterprises, of which the top 5 largest enterprises are specialized in processing and exporting shrimp, accounting for 75% of the province's seafood export turnover.
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Top 10 seafood exporters in Soc Trang province (based on export value in first 7 months) |
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STAPIMEX |
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FIMEX VN |
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VINA CLEANFOOD |
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TAIKA SEAFOOD |
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UTXI Co |
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KHANH SUNG SEAFOOD |
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THAI HOA FOODS |
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MD CO |
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KHANG AN FOODS |
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KHANH HOANG SEAPREXCO.LTD |
With 269 million USD of seafood export in the first 7 months of the year, the province including Bac Lieu ranked 7th in seafood sales, but in terms of shrimp exports, Bac Lieu had the 3rd largest turnover. With a value of 255 million USD, shrimp also ranked third. accounting for nearly 95% of seafood exports of the province, of which vannamei shrimp accounts for 76%, black tiger shrimp accounts for 22%. Bac Lieu has about 30 seafood export companies. The leading names are Ngoc Trinh, Ngoc Tri, South Vina Shrimp, Seaprodex Minh Hai, Trang Khanh are all big shrimp enterprises, accounting for over 50% of the province's seafood export turnover.
Up to now, three key provinces for shrimp farming, processing and exporting, including Soc Trang, Ca Mau and Bac Lieu, account for 61% of the country's shrimp exports. The development and results of Vietnam's shrimp exports are and will depend largely on the production and export situation of the three provinces. Recently, the Covid epidemic broke out strongly in Ho Chi Minh City and the southern provinces, including these 3 provinces. However, with the local flexible epidemic prevention and control decisions and solutions, especially Soc Trang, it is expected that production and export of Soc Trang and these two provinces will soon recover in the last months of the year and will is the driving force to restore the country's seafood exports in the coming time.
(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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