Hiking fish price is good news for both farmers and processors. With higher fish price, farmers can reduce their losses and invest to restock while processors can ensure raw fish source for processing and exporting, Mr. Mai Dang Hoa-General Director of Sai Gon-Mekong Fishery Company (SAMEFICO) said. He added that this year is a tough year for enterprises because they have to face lack of capital and raw material; decreasing export price and the reduction in the number of importing markets.
To overcome the above difficulties, SAMEFICO reduced the price of its products, cut unnecessary expenses in manufacturing, boosted processing high-grade quality products to increase its competitiveness, remain its reputation in the eye of importers and global consumers.
In the first 6 months of 2012, seafood export revenue of the company gained more than US$9 million and it is expected to reach US$20 million in 2012, up 20 percent from 2011. Its production capacity is 60 - 70 MT per day and is expected to expand in the upcoming time.
Amid current hardship, each enterprise must be flexible to find solutions for survival and development. Godaco Seafood Joint Stock Company (Godaco) invested over VND500 billion in building pangasius farming area of 120 hectares, providing the production of 25,000 MT per year, meeting over 90 percent of processing demand of the factory.
With stable supply of raw material, Godaco holds initiative in signing contracts, fixing export price and delivery time of products, General Director of Godaco, Nguyen Van Dao said.
In the first half of 2012, Godaco exported over US$20 million, completing 50 percent of yearly plan. The company is likely to exceed seafood export target of US$40 million in 2012 because seafood exports often grow positively in the last months of the year.
(seafood.vasep.com.vn) The year 2025 marks the 30th anniversary of the normalization of diplomatic relations between Vietnam and the United States (1995–2025). In parallel with the nation's progress in international economic integration, bilateral seafood trade has followed a remarkably impressive growth trajectory, expanding from an initial scale of just tens of millions of US dollars to nearly $2 billion annually. This growth has positioned the United States as Vietnam’s largest seafood export market for many consecutive years.
(seafood.vasep.com.vn) On December 12, 2025, the Vietnam Association of Seafood Processing and Export (VASEP) issued document 231/CV-VASEP regarding strengthening measures to combat IUU fishing and working with the Government to lift the EC's IUU yellow card warning.
(seafood.vasep.com.vn) Tilapia is easy to farm and provides high economic and nutritional value, making it a sought-after export commodity in many countries.
(seafood.vasep.com.vn) Vietnam’s seafood exports in the first 10 months of 2025 recorded significant progress, reaching more than USD 9.5 billion, up 15% year-on-year. This result reflects the sector’s persistent efforts amid a highly volatile market, especially policy shocks from the US Although signs of slowdown emerged in the third quarter due to countervailing taxes, key product groups still maintained strong momentum and created a foundation for full-year exports to reach USD 11 billion.
(seafood.vasep.com.vn) Vietnam’s agreement with the United States on a framework for reciprocal, fair, and balanced trade—reached during the 2025 ASEAN Summit in Malaysia—has generated strong optimism for Vietnamese exports, including tuna. Numerous positive points in the joint statement have raised high expectations for Vietnamese export goods, but turning these expectations into tangible benefits remains a long and challenging journey.
(seafood.vasep.com.vn) At the conference on “Linking the Production and Consumption Chain of Ca Mau Crab 2025,” Vice Chairman of the Ca Mau Provincial People’s Committee Lê Văn Sử posed a central question: how to shift the province’s crab exports toward official trade channels, instead of relying heavily on small-scale border trade with China as currently practiced.
(seafood.vasep.com.vn) The whitefish market in Japan is showing a clear divergence among supplying countries, in which Vietnam continues to affirm its role as a stable and high-potential exporter. Vietnam currently ranks third after the US and Russia in whitefish export value to Japan. Thanks to tariff incentives and the ability to meet Japan’s strict standards, Vietnamese pangasius continues to record a stable and positive growth trend.
(seafood.vasep.com.vn) The People's Committee of Ca Mau Province has just issued a plan to expand the super-intensive, low-water-exchange, biosecure white-leg shrimp farming model (RAS-IMTA) for whiteleg shrimp farming to a scale of 1,500 hectares, aiming to develop high-tech, sustainable and environmentally friendly shrimp farming.
(seafood.vasep.com.vn) Sa Giang Import-Export Joint Stock Company (HNX: SGC) plans to issue over 7.1 million shares to raise nearly 465 Billion VND for Hoan Ngoc M&A Deal.
(seafood.vasep.com.vn) According to Rabobank, global tilapia production is forecast to exceed 7 million tons in 2025, driven by a strong recovery in major producing countries including China, Indonesia, Egypt, Bangladesh and Vietnam. Among them, Vietnam is emerging as a potential tilapia supplier in the global supply chain, capitalizing on market fluctuations to expand production and exports.
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