In the first 6 months of 2013, Vietnam tuna exports saw a slight increase of 2.7 percent year-on-year with the export turnover of US$293.7 millionbecause of sharp decline in export volume tuna to some main markets.The U.S. remained the largest importer of Vietnam tuna, making up 37 percent of Vietnam’s total tuna exports however tuna exports to the market in Jan-Jun 2012 downed 15.5 percent over the last year to US$108.6 million.
Some fishing provinces like Binh Dinh and Phu Yen reported drop in tuna catches. In the first seven months, Binh Dinh caught 5,481 MT of tuna, 2.8 percent below that of the same period of 2012. Phu Yen’s production went down 31.4 percent to 4,115 MT. Through early July, the province numbered 117 out of 973 boats with capacity of over 90CV going fishing offshore. Many other boats have not managed the next fishing trip yet. The rising fuel price, reduction in tuna exports and its selling price adversely affect tuna fishing activities.
Some ocean tuna exporters in Binh Dinh said that they did not have enough raw tuna to operate their processing plants fully, leading to export volume was 30 percent lower than that of the same time of last year.
Phu Yen-based export companies saw drop in their export value because the supply of raw material was unstable and failed to meet quality standards to export. Additionally, high inventories in the global market after strongly increasing imports in 2012 and weakened consumption of tuna products in some main markets like
(seafood.vasep.com.vn) On the afternoon of November 6th, Vietnam time, U.S. media announced the preliminary vote count showing that Donald Trump won the 2024 U.S. presidential election. His victory is expected to bring significant changes in taxes, trade, investment, and more. As a result, Vietnam's tuna exports will also be affected.
(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%.
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