The figure in May 2016 estimated at US$275 thousand, up 39% compared to May 2015. The shipments to Australia accounted for 1.1% of Vietnam’s total cephalopod exports and the market ranked the 8th out of top cephalopod importers from Vietnam. Besides, the exports to this market posted the largest growth in top 10 leading cephalopod importers of Vietnam.
In QI/2016, imports of cephalopod into Australia reached US$24.52 million, up slightly from the same period in 2015 but decreased by 5% compared to QIV/2015. In which, the import volume in QI/2016 touched 5,808 MT, up over QI/2015 but down over QIV/2015. China stayed as the biggest supplier of cephalopod to this market, followed by Malaysia and Thailand.
Vietnam ranked the 6th in terms of cephalopod export volume to Australia. In QI/2016, the shipments from Vietnam to Australia hit 213 MT, up from 123 MT in QI/2015 but decreased compared to 286 MT in QIV/2015.
Australia tends to import cephalopod for domestic consumption rather than processing and then re-exporting. Therefore, cephalopod exports of this country are not high. In QI/2016, Australia exported 18 MT of cephalopod, worth US$55 thousand.
Since Jan 7th 2016, the new country of origin labeling system will be applied under the Australian Consumer Law (ACL). This law will be applied to food products retailed in Australia, including the products sold at stores or markets, online or at vending machines. This law will not be applied to food sold in some places such as restaurants, cafes, and take-away shops, schools or canteens.
However, companies will have 2 years to sell all the current products and change their labels to match new regulations before they become mandatory from Jan 7th 2018. Under this new system, most kinds of food produced, raised, grown or processed in Australia will be required to be labeled with: (1) the icon of kangaroo in a triangle so that consumers can easily and quickly identify food that originated in Australia, (2) a statement that the food is raised, grown, produced or processed in Australia; (3) The minimum rate of components originating from Australia in total weight, indicated by percent or column chart.
Regulations on labeling will vary upon the kinds of products and the countries of orgin that products are raised, grown, produced, processed or packaged. For most imported food (food is raised, grown, produced, processed or packaged in countries other than Australia), the countries of origin will have to be specified on the label in a clear box.
Currently, food products retailed in Australia are to comply with the requirements of the country of origin labeling under the Food Standards, managed by the Food Standards Australia New Zealand. The businesses have to continue to implement this law by Jan 1st 2018, unless they are chosen to apply these standards earlier.
Written by Ngoc Thuy
Compiled by Dieu Thuy
SSI forecasts a 28% year-on-year increase in after-tax profit attributable to the parent company of Vinh Hoan Corporation (VHC), driven by a gradual improvement in average selling prices from USD 3.15/kg in 2024 to USD 3.30/kg (+5%) in 2025. An Giang Fisheries Import-Export Joint Stock Company (ANV)'s after-tax profit attributable to the parent company is projected to rebound by 104%.
In 2025, the Mekong Delta province of Bac Lieu aims to earn 1.2 billion USD from exporting shrimp, one of the key export products that accounts for over 95% of its total export value.
(seafood.vasep.com.vn) The Report on Vietnam Pangasius Sector 2015–2024, produced and released by the Vietnam Association of Seafood Exporters and Producers (VASEP) in January 2025, is expected to provide enterprises, importers, and government agencies with a comprehensive overview of key developments in Vietnam's pangasius production and export over the past decade. In addition to highlighting achievements, the report identifies existing challenges and analyzes future opportunities and threats for the pangasius industry.
(vasep.com.vn) Overcoming two years of fluctuation in both export markets and domestic production, Vietnam's pangasius industry has demonstrated resilience, adaptability, and a strong determination to seize opportunities and boost exports to various markets. As a result, in 2024, pangasius exports reached USD 2 billion, a 9% increase compared to 2023. This achievement is a source of pride for Vietnam's aquaculture and agriculture sectors.
(seafood.vasep.com) Speaking at a conference to implement the 2025 plan of the Ministry of Agriculture and Rural Development, Prime Minister Pham Minh Chinh urged the agricultural sector to strive for a total export turnover of agricultural, forestry, and fishery products reaching $70 billion by 2025.
With robust production and processing infrastructure, combined with continuous market development efforts, Vietnam’s seafood exports are poised for 10–15% growth in 2025.
In 2025, seafood exports are expected to continue to grow better and could reach 11 billion USD as in 2022. However, this is also the year the seafood industry will face challenges, including increased competition from other countries, trade wars and market barriers...
(seafood.vasep.com.vn) On the afternoon of December 25, at Toan Thinh Conference Center (Soc Trang City), the Soc Trang Fisheries Sub-department, under the Department of Agriculture and Rural Development of Soc Trang, held a conference to review the 2024 aquaculture activities and outline the brackish water shrimp farming plan for 2025. The event was attended by Ms. Quach Thi Thanh Binh, Deputy Director of the Department of Agriculture and Rural Development of Soc Trang.
The Mekong Delta province of Soc Trang aims to achieve export value of over 1.9 billion USD in 2025 by boosting production and processing of key products such as seafood, high-quality rice, fruits, and garments.
The UK-Vietnam Free Trade Agreement has significantly boosted Vietnamese seafood exports, with shrimp and pangasius leading the charge in the UK market.
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