The conference discussed about development of fisheries sector between 2001 and 2010. At that time, annual growth rate of fisheries production was 9.8 percent in which aquaculture production advanced 17.9 percent. In 2011 alone, total fisheries output reached 5.4 million MT, up 5.2 percent over that of 2010 in which aquaculture output hit 2.9 million MT; seafood export turnover hit US$6.12 billion, US$1 billion higher than that of the previous year.
In the first 9 months of 2012, Vietnam’s seafood exports touched US$4.5 billion. Capture production reported positive results. The number of fishing vessels rose sharply. Fishing ports and landing sites in coastal provinces are being established for developing fisheries logistics and services. Aquaculture sector under model of commodity production reported robust growth.
However, fisheries industry develops unsustainably. Value-added seafood products only make up a tiny portion. There isn’t a close link between fish farms and fish processing plants. Building brand name for seafood products hasn’t much invested.
To overcome these shortcomings and develop fisheries industry sustainably, representatives attending the conference petitioned the government to timely issue incentive policies for fishermen, hold training courses for offshore fishermen. The state was recommended to improve national management system and standards in fisheries industry, national standards for aquaculture.
The representatives also petitioned the government to implement the project on fishing and offshore fishing restructure, reorganize fishing boats, develop fisheries logistics services, transfer advanced technology in fishing, organize large offshore fishing fleets, build modern logistics services infrastructure in fisheries based on conditions of each region or locality (fishing ports, the system of storm shelter anchorage and moorage for vessels, vessel building plants, wholesale fish markets).
The representatives also recommended to strengthen control of aquaculture; setting up a system environmental monitoring, epidemic warnings to minimize losses and protect environment.
(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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