Despite the piling up of difficulties, shrimp exports for the whole year of 2021 still achieved positive growth. This is thanks to the great efforts of businesses and the safe and flexible anti-epidemic policy according to Resolution 128/NQ-CP of the Government, helping shrimp production and export quickly recover in the latter monthsof 2021, creating export momentum for 2022.
The bright spot of Vietnamese shrimp in 2021 is to maintain good growth in the US market. As of December 15, 2021, Vietnam's shrimp exports to the US reached over 1 billion USD, up 22% over the same period in 2020.
In 2021, Vietnam's shrimp market share in the US market has increased to 13% from 11% in 2020. In the US market, Vietnamese shrimp will also increase its competitiveness when the US doubles anti-dumping duties on imported from India (the largest supplier of shrimp for the US). Retail sales in the US remained up during the pandemic. Demand for restaurants and food services in the US gradually recovered thanks to the economic stimulus packages of the US Government and the strategy of opening up and living with Covid. The growth rate of Vietnam's shrimp exports to the US will continue until the first quarter of 2022.
Along with the US, the EU is also a shrimp import market of Vietnam that recorded positive activities in 2021. Accumulated to December 15, 2021, Vietnam's shrimp exports to the EU reached 576.6 million USD, an increase of 17 % over the same period in 2020. Exports to 3 main markets (Netherlands, Germany, Belgium) increased by 8%, 22% and 17% respectively.
Particularly in November 2021, shrimp exports to the EU reached US$66.5 million, up 86.4%, of which, exports of most member countries had a breakthrough: to the Netherlands increased by 47%, to Germany increased by 87 % and to Belgium increased by 118%. In addition, shrimp exports to some other markets in the bloc also increased spectacularly such as to France up 161%, to Denmark up 99%, to Sweden up 196%, to Italy up 123%...
One year after the EVFTA Agreement between Vietnam and the EU took effect, Vietnam's shrimp exports to the EU market recorded good growth.
In order to recover the post-Covid-19 economy, the EU has activated many support packages and disbursed production recovery funds to rebuild commodity supply chains. In the last months of 2021, the EU is very scarce for goods because many of its supply partners for the EU are struggling with the Covid-19 epidemic, plus the pressure of rising sea freight rates while consumer demand in the last few months is very low. year-end of the EU population increased.
For more information on Vietnam's shrimp production and export, the world's shrimp import trends in 2016-2021, the impact of the Covid-19 epidemic on Vietnam's shrimp exports, please refer to VASEP "Report on Vietnam's shrimp industry in 2016-2021 and forecast to 2025".
(seafood.vasep.com.vn) The purchase price of raw pangasius in the first 11 months of 2024 remained at 26,000-27,000 VND/kg. However, farmers faced challenges in earning profits due to rising costs of fish feed, fuel, and labor during the year.
(seafood.vasep.com.vn) Sao Ta Foods Joint Stock Company (FIMEX) recently announced its production and business results for November 2024, showing a 5% year-over-year increase in revenue but a 21% decline compared to the previous month.
(seafood.vasep.com.vn) Soc Trang province underscores the critical role of the fisheries sector in driving its socio-economic development. Located along Vietnam's coastline, the province features 72 km of shoreline, three major estuaries—Dinh An, Tran De, and My Thanh—and a dense river network encompassing diverse ecosystems, including saltwater, brackish, and freshwater. These natural resources provide ideal conditions for the growth of aquaculture, making the fisheries sector a cornerstone of Soc Trang’s economic strategy.
(seafood.vasep.com.vn) In 2024, the pangasius industry in Dong Thap is projected to achieve a production value of VND 8.802 billion, marking a 2.86% increase compared to 2023 and accounting for over 17% of the province's total agricultural, forestry, and fishery production value.
(seafood.vasep.com.vn) Vietnam's tuna exports to Japan have seen robust growth over the past two months. Data from Vietnam Customs shows that in October 2024 alone, tuna exports to Japan surged by 31% year-on-year, reaching nearly USD 3.5 million. This growth has offset the decline experienced in the first half of the year, raising the total export value for the first ten months of 2024 to nearly USD 28 million, a 5% increase compared to the same period last year.
A business forum was held by the Dutch Embassy in Vietnam in collaboration with the Ministry of Agriculture and Rural Development (MARD) in the Mekong Delta city of Can Tho on November 27, seeking ways for sustainable aquaculture in the region.
(seafood.vasep.com.vn) On November 18, Ms. Truong Ha Phuong Anh, Director of the Center for Investment Promotion and Business Support (iPEC), stated that during the Ca Mau Province Agricultural and Aquatic Products Trade Promotion Conference 2024, held on November 15, there were 209 direct trade interactions between 42 seafood processing and exporting enterprises, OCOP producers in the province, and five leading domestic retail companies: Central Retail, Saigon Co.op, Kingfood Mart, Bach Hoa Xanh, and Satra Supermarket.
In 2024, the Binh Dinh Agricultural Extension Center successfully implemented a semi-intensive and intensive two-stage whiteleg shrimp farming model using Semi-Biofloc technology.
(seafood.vasep.com.vn) Recently, the area dedicated to super-intensive, high-density whiteleg shrimp farming in Trà Vinh Province has been rapidly expanding due to its high productivity and economic efficiency.
(seafood.vasep.com.vn) In collaboration with provincial authorities, specialized agencies, and local coastal governments, seafood processing and export enterprises in Binh Dinh Province are actively working to address issues related to illegal, unreported, and unregulated (IUU) fishing. The shared goal is to have the European Union's "yellow card" removed this year.
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