Challenges for the whole industry
According to the Vietnam Association of Seafood Exporters and Producers (VASEP), Vietnam's shrimp exports reached a record number of $4.3 billion in 2022, up 11% compared to 2021. This is the highest number ever. However, entering 2023, the situation has become more difficult.
Despite the impressive result in 2022, Vietnamese shrimp enterprises face many difficulties in 2023. Those are the challenges of having to compete more strongly with Ecuador and India. Moreover, the imported price of shrimp in the world market has decreased, while the price of raw shrimp in Vietnam tends to increase, creating obstacles in mobilizing raw materials for processing and export.
Viet Uc is the first corporation that has officially closed the entire shrimp value chain
Opportunities with chain linking – Enhance brand value
To promote shrimp exports in 2023 and the coming years, there are many solutions offered. The first solution is to focus on improving quality, linkages between localities participating in the shrimp chain, ensuring the continuous operation of the shrimp production chain.
Currently, in the whole industry, Viet Uc is the first corporation that has officially closed the entire shrimp value chain, from broodstock, to shrimp seed, to commercial shrimp farming, and recently a seafood processing factory to launch final products named: Perfect shrimp.
Viet Uc is also a pioneer in the application of high technologies and towards sustainable values for the entire industry. The processing factory officially went into operation, applying many modern technologies, especially being able to automate over 70% of production processes.
Viet Uc is not only proactive for each segment in the whole chain but also sharing for shrimp farmers effective farming solutions, joining hands to help farmers overcome difficulties
Inputs to the Factory will be shrimps raised according to a clean process, without the use of antibiotics, chemicals, traceability, outstanding color and taste, ready to meet export standards from the most strict and demanding markets.
With the desire to raise the bar for Vietnamese shrimp, Viet Uc is not only proactive for each segment in the whole chain but also sharing for shrimp farmers effective farming solutions, joining hands to help farmers overcome difficulties, improve profits and especially raise the image and brand of Vietnamese shrimp internationally.
Although there is still a lot of work to be done, the solutions from “leading birds” like Viet Uc will be leveraged to create a common voice, together to create cohesion to bring the industry to sustainable development, contributing to building Vietnamese shrimp brand.
Compiled by Thuy Linh
(seafood.vasep.com.vn) Sao Ta (FMC - HoSE), a key subsidiary of PAN Group, has announced impressive business results for February. The company's shrimp production reached 1,913 tons, a 106% increase compared to the same period last year, while agricultural product production reached 67 tons, up 6%.
(seafood.vasep.com.vn) The tuna export market of Vietnam in the first month of 2025 has seen notable fluctuations. Exports to most major markets have decreased compared to the same period in 2024.
The Seafood Expo Global is the largest seafood industry event in the world, truly becoming a professional playground and a strong foundation for connecting the international seafood community. The Seafood Expo Global (SEG) 2025 will take place from May 6 to May 8, 2025 in Barcelona, promising to be an important platform for the global seafood community to meet, trade, and seek business opportunities in seafood industry.
(seafood.vasep.com.vn) According to data from Vietnam Customs, Vietnam’s pangasius exports in January 2025 reached over USD 133 million, marking a 19% decline compared to the same period last year. Notably, the ranking of the top pangasius import markets saw significant adjustments.
(seafood.vasep.com.vn) According to a report by the General Statistics Office, the estimated pangasius output for January 2025 reached 102.5 thousand tons, representing a 6.0% increase compared to the corresponding period of the preceding year. This surge is attributed to the rise in pangasius material prices within the Mekong Delta, which has incentivized aquaculture farmers to expand their stocking activities. Concurrently, this price increase has facilitated processing enterprises to intensify procurement efforts to meet export demands during the early part of the year.
(seafood.vasep.com.vn) Between 2015 and 2024, Vietnamese pangasius exporting enterprises have undergone notable transformations in rankings and experienced fluctuations in developmental strategies, competitive intensity, and business efficacy. This dynamic is clearly illustrated through shifts in export turnover and the proportional contribution to the national pangasius export volume among the Top 5 enterprises.
(seafood.vasep.com.vn) The outlook for Vietnam’s seafood exports remains positive, with a strong focus on maintaining growth in key markets like China and the U.S., while diversifying into new regions. As global trade policies continue to evolve, adaptability and strategic planning will be key to navigating the challenges ahead.
(seafood.vasep.com.vn) Thanks to improved pangasius prices and higher production, Vĩnh Hoàn's after-tax profit in Q4 2024 reached VND 440 billion, a 4.8-fold increase compared to the same period last year.
(seafood.vasep.com.vn) According to data from Vietnam’s Customs, in Q4 2024, Vietnam’s pangasius exports to China & Hong Kong reached USD 163 million, a 17% increase compared to the same period in 2023, with consistent growth across all months. The total value of pangasius exports to China & Hong Kong for 2024 reached USD 581 million, a 1% increase over the previous year.
Vietnam’s seafood exports are projected to maintain strong growth this year, potentially reaching 11 billion USD.
VASEP - HIỆP HỘI CHẾ BIẾN VÀ XUẤT KHẨU THỦY SẢN VIỆT NAM
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