During the first 6 months of 2024, Vietnam's seafood export value to the Singapore market increased by 0.81%, accounting for a 9.46% market share. The group with a strong increase in export value was fresh fish (up 25.42%). On the other hand, some products underwent a significant decline in export value, such as chilled fresh fish down 26.93% year-on-year, frozen fish down 39.42%, and aquatic products down 23.08%.
The Vietnamese Trade Counselor in Singapore said that in order to stably increase market share, and improve ranking as well as the export value of Vietnamese seafood to Singapore, Vietnamese exporters need to continue to improve the quality of seafood products. Enterprises should also participate in activities organized by the trade office, connecting with seafood associations and enterprises in Singapore, to facilitate the presence of Vietnamese goods in this market.
According to statistics from the Singapore Enterprise Management Agency, in the first 6 months of 2024, Singapore imported seafood from around 100 countries and territories. The total import value was approximately 546.14 million SGD, a decrease of 3.42% compared to the same period in 2023.
Among the top 15 seafood exporting countries to the Singapore market, Malaysia continues to be the leading country, followed by Norway, Indonesia, and China. Vietnam for the first time maintained the 5th position for two consecutive quarters.
According to Vietnam Customs, the export of value-added pangasius in the first eight months of 2024 has been evaluated as quite positive, with continuous growth in many major markets such as the United States, CPTPP, and the Netherlands...
(seafood.vasep.com.vn) The Department of Fisheries of Ca Mau province coordinated with the School of Fisheries under Can Tho University to organize training courses on high-tech shrimp farming for 120 people in processors, cooperatives and families that are raising intensive and super-intensive shrimp in the province.
(seafood.vasep.com.vn) Currently, Soc Trang province plans to expand its shrimp farming area from over 50,000 hectares to 57,000 hectares by 2025, aiming for a production of 233,800 tons and maintaining a $1 billion export value. The project will establish 45 climate-resilient shrimp farming models and ensure all farms meet aquaculture standards for traceability.
(seafood.vasep.com.vn) In July 2024, Vietnam's fish cake and surimi exports declined. The export value reached just over 24 million USD, down 3% over the same period. In the first 7 months of 2024, the cumulative export of this product group reached 152 million USD, down 13%.
(seafood.vasep.com.vn) Dong Thap is a key region for pangasius farming, boasting the largest production in the Mekong Delta. In the first seven months of 2024, the estimated aquaculture area reached 4,778 hectares, with a harvest yield of 307,336 tons. Of this, the intensive pangasius farming area covered 2,042 hectares, with a harvest of 252,670 tons.
(seafood.vasep.com.vn) According to Vietnam Customs, in the first half of August 2024, Vietnam's pangasius exports to the EU reached nearly 8 million USD, up 57% over the same period. Cumulative pangasius exports to this market as of August 15, 2024, reached 107 million USD, up 0.5% over the same period last year.
(seafood.vasep.com.vn) The Board of Directors of International Development & Investment Corporation (IDI) is confident of completing this year's profit plan in the context of gradually recovering demand for pangasius in China and Mexico.
(seafood.vasep.com.vn) Some farmers in Soc Trang province have successfully applied a balanced biological shrimp farming technique, which eliminates the use of chemicals to minimize environmental impacts. This is a model of farming that adapts to climate change.
8 finalists have been named in the best new seafood product competition to be awarded at Seafood Expo Asia, taking place 4 to 6 September at the Sands Expo and Convention Centre in Singapore.
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