(vasep.com.vn) Vietnam is one
Tuna is one of the key exporting products of Vietnam, accounting for 7.4 percent of the total nationwide seafood export value and tuna sector is facing with the lack of raw material. The lack of raw tuna is caused by insecurity in East Sea and the increasing cost for off-shore fishing.
The low domestic supply and high demand of raw tuna urged Vietnam tuna processors to import the raw material to ensure the company’s operation and jobs for their workers. However, the high raw tuna import tax (12 - 18 percent), together with the complication in Customs and tax procedures can not ease the domestic processors’ difficulties in raw material.
The Ministry of Finance (MoF) has lately issued the official letter responding to the official letter No. 08/2011/VASEP-VPĐD of Vietnam Association of Seafood Exporters and Producers (VASEP) (dated March 29th 2011). In VASEP’s official letter to MoF, it recommended solutions to facilitate domestic seafood processors to import raw material. MoF agreed with VASEP’s recommendations to remove complicated procedures for processors in importing raw material.
According to Vietnam Customs, in July 2011, Vietnam tuna export reached 5.7 thousand MT, down sharply on that of the same month of last year (27.1 percent), but tuna export value was up slightly 0.7 percent.
In the first seven months of 2011, Vietnam shipped 50.5 thousand MT of tuna to 81 foreign markets, worth nearly US$232 million, up 28.3 percent in value but up only 3.5 percent in volume in which raw tuna products (HS code 03), accounting for 66.2 percent of the total nationwide tuna export value, reached nearly 26 thousand MT, worth US$153.5 million, up 17.9 percent in value and 33.1 percent in value against the same period of 2010. Processed tuna products (HS code 16) was down 8.4 percent in volume and up almost 20 percent in value.
(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.
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
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