They caught a total of 1.55 million tonnes of fish in the first nine months, up 4.3 per cent against the same period last year, the department, which is under the Directorate of Fisheries, said.
The southern fishing season from April to September accounted for 1.42 million tonnes.
Provinces that accounted for large catches were Ca Mau, Kien Giang, Tien Giang, Ba Ria – Vung Tau in the south and Binh Thuan, Binh Dinh, Quang Binh, Nghe An and Thanh Hoa in the central region. They exceeded their season targets by 12-25 per cent.
But profits are not much higher because of the higher fuel prices and lower fish quality and prices compared to a year ago, according to the department. It blamed the low quality on the failure to pay attention to preservation of the catch.
Fishermen recently began the northern fishing season which will last until March next year.
Deputy Minister of Agriculture and Rural Development Vu Van Tam, who is also the head of the Directorate of Fisheries, ordered the Department of Fisheries and Resources Protection to encourage fishermen to work in groups.
This would help increase the period they could stay out at sea and they could also save costs by taking turns to bring the catch to shore, he said.
He also urged provinces to persuade fishing boats to go out in groups and to collaborate for fishing and post-fishing activities — like preservation and sales of fish — at sea rather than work individually to increase their profits.
He also called on provinces to help improve the quality of fishermen's catches and find more outlets for selling them.
To ensure a good catch in the northern fishing season, he instructed the Directorate of Fisheries to accurately indicate to fishermen the best fishing grounds.
He said the provinces have to carefully inspect fishing activities at sea to ensure the safety of fishing boats and prevent avoidable losses.
The catch is expected to be around 1.12 million tonnes during the northern season. The country has a total of 124,411 fishing boats.
(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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