The information was posted on the website: http://www.fis.com in March 19th 2012.The concerns of SSA is unilateral. In fact, in recent years, Vietnam authorities as well as processors and exporters have been considering seafood quality as a priority.
Therefore, seafood export turnover in general and shrimp in particular (to “strict” markets: the U.S., Japan and EU) have posted a annually consecutive growth. In 2011, Vietnam shrimp exports to these three markets witnessed an increase from 2010 in which shrimp exports to the U.S. were up 1.3 percent, Japan up 4.5 percent and EU up 20.3 percent. 2011 also marked the record high of nearly US$2.4 billion in Vietnam shrimp exports and it is expected to hit US$2.5 billion in 2012. Shrimp is regarded as a key exported item out of Vietnam seafood exports, so the guarantee for the quality of exported products plays a crucial role.
To protect prestige of exported shrimp products, since 2011 Vietnam Ministry of Agriculture and Rural Development (MARD) has officially banned to use Trifluralin herbicides in aquaculture and put substances of Cypermethrim, Deltamethrin and Enrofloxacin into list of chemicals which is prohibited to use in aquaculture.
To shrimp exporters, they have to spend much money on modernising labs. A representative from a leading shrimp exporter of Vietnam said, in 2011 his company had to spend up to VND21 billion on testing antibiotics and banned chemicals in exported shrimp.
With strong actions from government agencies, enterprises’ efforts on exported seafood quality control, usage of antibiotics in aquaculture was limited and the number of cargoes detected of banned substances reduced significantly.
According to the alert system on seafood imported of the U.S., and EU, in the first two months of 2012, there was no violation with Vietnam shrimp consignments exported to two markets.
In the context of global gloomy economy and fierce competition between rivals, more and more trade barriers in importing markets, Vietnam seafood industry always give priority to ensure quality to remain the growth rate and position of Vietnam seafood in global markets.
(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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