Exported value-added pangasius to the US keeps rising. In July 2024, the export value of this product reached US$1.3 million, an increase of 42 thousand times compared to the same period in 2023, accounting for 33% of the total value-added pangasius exported by Vietnam to markets in July 2024.In June, the export was more than US$800 thousand, an increase of 7 times compared to the same period.
By the end of July 2024, the export of value-added pangasius to the US reached about US$3 million, an increase of 14 times compared to the same period last year. This figure accounts for 14% of the total value of value-added pangasius exported by Vietnam to markets in the first 7 months of 2024. Exports of dried pangasius and other frozen products (whole round, steak, bladder, etc.) to the US in the first 7 months of this year were unstable when the previous month, the value recorded growth, but decreased immediately in the following month. However, in July 2024, exports of dried pangasius and other frozen products to the US doubled, reaching US$490 thousand. In February, April, and June 2024, the export value of this product all decreased by double digits.
Frozen pangasius fillets are still the main product exported to the US, reaching US$29 million, an increase of 61% over the same period in 2023. By the end of July 2024, the export value of frozen pangasius fillets to the US was US$185 million, an increase of 19%. According to ITC, in the first half of this year, Vietnam is still the second largest supplier of whitefish (mainly pangasius) to the US with US$184 million, an increase of 472%, accounting for 21% of the total value of whitefish imported from the world. May 2024 had the highest import of whitefish from Vietnam to the US since the beginning of this year, with US$43 million, an increase of 22% over May 2023; In June 2024, the US bought nearly US$42 million, an increase of 22% over the same period in 2023. China is still the largest supplier of whitefish to the US, accounting for 41% of the total whitefish imported by the US, with a value of US$357 million. Pangasius exports to the US have shown a recovery trend, as inventories of this market in 2023 have decreased significantly. Festivals and year-end holidays have also raised consumer demand. In December, pangasius exports to the US are expected to grow. However, exporters still have to face the impacts of the Russia-Ukraine war, or increasingly tense conflicts that have not yet ended in the Red Sea.
With Tet (Lunar New Year) approaching, fishermen along Vietnam's central coast are capitalizing on favourable weather conditions to intensify their fishing efforts, meeting the burgeoning demand for seafood across the nation.
(seafood.vasep.com.vn) Shrimp exports in 2024 reached nearly USD 4 billion, a 14% increase compared to 2023. Reflecting on 2024, the shrimp industry demonstrated resilience and persistent effort in overcoming challenges, solidifying its strong position in exports.
(seafood.vasep.com.vn) Sao Ta Foods Joint Stock Company (ticker symbol FMC - HoSE), one of Vietnam's largest shrimp exporters, recently announced its 2024 business results.
(seafood.vasep.com.vn) The United States remains one of the largest importers and consumers of Vietnamese pangasius, primarily in the form of frozen fillets. However, in recent years, the country has significantly increased its imports of value-added pangasius products.
(seafood.vasep.com.vn) After reaching a peak of nearly USD 6 million in June 2024, the export value of Vietnamese tuna to Italy has stagnated and continuously declined in the last five months of the year. Cumulatively, by December 15, 2024, export turnover to this market decreased by 18% compared to the same period in 2023, reaching over USD 30 million. With this decline, Italy is no longer Vietnam's largest tuna import market within the EU bloc.
The Mekong Delta province of Tien Giang, with its 32-km coastline, is well-positioned to develop a thriving seafood industry. Recognising the importance of sustainable offshore fishing, local authorities have implemented policies to modernise the fishing fleet and support operations in offshore waters.
(seafood.vasep.com.vn) On the evening of December 23, 2024, in Ho Chi Minh City, the Vietnam Association of Seafood Exporters and Producers (VASEP) held a ceremony to celebrate the seafood export milestone of 10 billion USD, with hopes for continued growth in 2025. The event was attended by Deputy Minister of Agriculture and Rural Development Phung Duc Tien, Deputy Minister of Foreign Affairs Nguyen Minh Hang, and representatives from various ministries, as well as domestic and international partners.
(seafood.vasep.com.vn) With a market share exceeding 10% in Vietnam's aquafeed sector, Sao Mai Super Feed has affirmed its position as one of the leading brands, making a significant contribution to the development of the pangasius industry and elevating Vietnamese pangasius products on the international stage.
Secretary General of the Vietnam Association of Seafood Exporters and Producers (VASEP) Nguyen Hoai Nam said that in the past 5-6 years, Vietnam's seafood export value has only hovered around 8-10 billion USD/year. To reach the value of 16 billion USD by 2030, Mr. Nam proposed establishing corporations/enterprises to exploit the sea.
(seafood.vasep.com.vn) Vinh Hoan Seafood (stock code VHC) announced that its export turnover to three key markets— the U.S., EU, and China—grew between 32% and 40% in November 2024 compared to the same period in 2023.
VASEP - HIỆP HỘI CHẾ BIẾN VÀ XUẤT KHẨU THỦY SẢN VIỆT NAM
Chịu trách nhiệm: Ông Nguyễn Hoài Nam - Phó Tổng thư ký Hiệp hội
Đơn vị vận hành trang tin điện tử: Trung tâm VASEP.PRO
Trưởng Ban Biên tập: Bà Phùng Thị Kim Thu
Giấy phép hoạt động Trang thông tin điện tử tổng hợp số 138/GP-TTĐT, ngày 01/10/2013 của Bộ Thông tin và Truyền thông
Tel: (+84 24) 3.7715055 – (ext.203); email: kimthu@vasep.com.vn
Trụ sở: Số 7 đường Nguyễn Quý Cảnh, Phường An Phú, Quận 2, Tp.Hồ Chí Minh
Tel: (+84) 28.628.10430 - Fax: (+84) 28.628.10437 - Email: vasephcm@vasep.com.vn
VPĐD: số 10, Nguyễn Công Hoan, Ngọc Khánh, Ba Đình, Hà Nội
Tel: (+84 24) 3.7715055 - Fax: (+84 24) 37715084 - Email: vasephn@vasep.com.vn
