The event was jointly hosted by the VietAgGlobal and Vietnam Education Fund (VEF) following the success of a similar event on sustainable agriculture held at the US’s Arizona University in 2017.
Participants said besides opportunities, Vietnam’s agricultural export is facing numerous challenges, which requires joint efforts of relevant agencies, enterprises, and scientists to improve products’ quality and expand export markets
Dr Nguyen Quoc Vong from the RMIT University (Australia) said Vietnam needs to focus on products that other nations have demand for, rather than on those Vietnam wants to export.
He also underlined the need to seek ways to lower Vietnam’s shipment costs and simplify export procedures to reduce prices.
Meanwhile, Sonny Ramaswamy, Director of the US’s National Institute of Food and Agriculture (NIFA) said Vietnam needs to give top priority to improving products’ quality and then to lowering prices, elaborating that these two factors are , crucial for not only Vietnamese products but also those of other nations to ensure their market share.
Participants also attached significance to technology transfer, assistance of authorities, scientists and enterprises for farmers, and young scientists training.
VietAgGlobal is a network connecting Vietnamese students, post-graduates and young entrepreneurs in the US to make contributions to their home country.
The workshop not only helped improve products’ quality and expand export markets, but also served as a bridge connecting the the Governments of Vietnam and the US, and among the Government, scientists and private enterprises of Vietnam.
Vietnam’s export value of agro, forestry and seafood products reached a record 36.37 billion USD in 2017, a year-on-year increase of 13 percent. The export of major agricultural products was estimated at 18.96 billion USD, a year-on-year growth of 15.7 percent.
Total rice exports for the year reached 5.89 million tonnes, earning 2.66 billion USD, a year-on-year surge of 22.4 percent in volume and 23.2 percent in value.
VNA
(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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