Shrimp is an export item fetching the highest earnings for Vietnam seafood industry. Vietnam shrimp is shipped to almost 90 countries and territories with annual export turnover of US$2 billion. Majority of shrimp processing plants in Vietnam comply with international standards and create hundreds of thousands of jobs and stable income for local people.
The U.S. is the second largest importer of Vietnam shrimp after Japan with annual export value to the market of over US$500 million, occupying nearly one-quarter of total shrimp exports nationwide. Vietnam shrimp facilities are inspected twice a year and well-evaluated by the U.S. Food and Drug Administration (FDA).
Shrimp facilities of Vietnam are certified as safe by international certification organizations and abide by the strict measures of food safety control from material purchasing to processing, preserving and exporting. Thanks to ensuring food safety and premium quality compared to shrimp products of other origins, Vietnam shrimp exported to the U.S. reported continuous growth for the past many years.
Only by visiting a small company, the writers of the article concluded that Vietnam shrimp, a large amount of which is exported to the U.S, is dirty and contaminated with bacteria. This viewpoint on Vietnam shrimp industry is so biased and mistaken. The article may satisfy the U.S domestic shrimpers and the U.S. government in protecting its shrimp sector and curb shrimp importing in the wake of the U.S. financial crisis. However, the action is against the spirit of free trade and fairness.
Vietnam shrimp maybe is badly affected by the article and the U.S. market may limit importing shrimp from Vietnam, shrimp enterprises in Vietnam will retain our positive image and ceaselessly improve shrimp quality to keep exporting to other markets.
In October 11th 2012, Ubcomtell.com posted video (Bloomberg hit piece on imported seafood misses huge improvements made in China, Vietnam) denying the article’s information. In the video, John Sackton, editor and publisher of Seafood.com News said that the article only mentions to the facts of a small company and cannot reflect comprehensively seafood quality of Vietnam. In fact, the quality of Vietnam seafood exported to the U.S. has improved remarkably. According to Safety Alerts on food imported to the U.S. by FDA, seafood consignments exported to the U.S. from Vietnam and China were rejected to approve for customs clearance reduced by 57 percent compared to the same period of last year while total rejections to the U.S. only reduced 11 percent.
John Sackton said that the article may make American consumers misunderstand about the quality of imported shrimp. The viewpoint of the article supports for domestic shrimp producers in the U.S. because their profit has been affected by imported shrimp. He stressed that data on seafood consignments of Vietnam and China rejected by FDA proved that the Vietnam seafood quality is being improved remarkably.
(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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