The Covid pandemic caused a sharp increase in the cost of sea transport to the European and American markets and the shortage of containers, which significantly affected Vietnam's seafood export activities. Among export items, shrimp had the highest sales, accounting for 38% while marine fish (except tuna) had the most positive growth, up over 14% and accounting for 23% of seafood exports. Ranked third is pangasius with 344 million USD, up slightly 3% and accounting for 19%. Tuna exports increased slightly by 3% to 344.2 million USD, while the export of squid and octopus increased by nearly 8% to 116 million USD.
While Covid-19 continues to affect exports of high-priced fresh frozen seafood products such as fresh fish, squid, frozen octopus, and tiger shrimp, the exports of canned seafood products, dry, surimi, fish sauce ... have the potential for strong growth in the first quarter of this year.
In the first quarter of 2021, Vietnam exported seafood to 140 markets, of which the US market was still the pioneer in both turnover and export growth, accounting for nearly 19% of Vietnam's total seafood exports. Next is Japan with 17.6%, ranked third is the Chinese market with 11%.
Demand for seafood in the retail and service segments both tends to increase in major markets such as the US, EU and China's resolution of the congestion of import ports since March has had a positive impact. to Vietnam's seafood export activities to these markets.
How will the new Covid wave affect Vietnam's seafood production and export in the second quarter and the whole year 2021? Does Vietnam have the opportunity and room to increase exports to markets when Asian seafood producing and processing countries are heavily affected by the Covid epidemic?
We would like to invite the businesses and readers to register the Report on Vietnam Seafood Export in Quarter I/2021 to get a detailed information and satistic on sales, prices and export trends of Vietnamese seafood products in the first 3 months of the year, assessment of supply-demand of markets and forecast of production and export of seafood in the second quarter and the following months of 2021.
See table of content, list of figures and tables in the Report here.
(seafood.vasep.com.vn) On the evening of December 24, 2024, in Hanoi, the Central Youth Union, Viet nam Youth Federation and the Vietnam Young Entrepreneurs Association held the Vietnam Golden Star Award Ceremony 2024, with the theme "Reaching Vietnam", honoring 200 outstanding enterprises. Deputy Prime Minister Nguyen Hoa Binh attended.
(seafood.vasep.com.vn) In the first ten months of 2024, 448 Vietnamese companies were involved in exporting pangasius to international markets. Vinh Hoan remains the top exporter, holding a 14% share of Vietnam's total pangasius export value.
(seafood.vasep.com.vn) Vietnam's seafood sector is making impressive strides as it nears the end of the year. Aquaculture has maintained steady growth, while fishing activities have recovered thanks to favorable weather conditions.
(seafood.vasep.com.vn) To ensure sustainable shrimp farming and environmental protection, Soc Trang Province emphasizes raising awareness and improving the capacity of shrimp farmers through various forms of communication and by developing and replicating effective models.
(seafood.vasep.com.vn) To achieve the goal of making the province a national hub for high-quality shrimp post-larvae production and producing 50 billion shrimp post-larvae by 2025, Ninh Thuan has focused on implementing a comprehensive set of measures.
(seafood.vasep.com.vn) The seafood processing company Kyokuyo has just opened a seafood processing plant in Vietnam to reduce its reliance on China. In Japan, Kyokuyo ranks as the third-largest seafood producer, following Maruha Nichiro and Nissui.
(seafood.vasep.com.vn) Vietnam's total fishery production in the first 10 months of 2024 is estimated at 7,889.8 thousand tons, a 2.5% increase compared to the same period last year. Aquaculture contributed approximately 4,612.5 thousand tons, while capture fisheries accounted for 3,277.3 thousand tons.
(seafood.vasep.com.vn) Ms. To Thi Tuong Lan, Deputy Secretary General of the Vietnam Association of Seafood Exporters and Producers (VASEP), forecasts that pangasius export turnover could reach the target of USD2 billion in 2024. However, the industry will still face numerous challenges in the coming year.
(seafood.vasep.com.vn) Vinh Hoan Corporation has recently announced its business results for October, reporting over VND 1,200 billion in revenue, a 60% increase compared to the same period last year.
(seafood.vasep.com.vn) According to statistics from Vietnam Customs, Vietnam's tuna exports in October reached nearly $93 million, marking a 22% increase compared to the same period in 2023. In the first ten months of 2024, the total export value exceeded $821 million, up 18% compared to the same period last year.
VASEP - HIỆP HỘI CHẾ BIẾN VÀ XUẤT KHẨU THỦY SẢN VIỆT NAM
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