In the first two months of 2021, the growth rate of canned seafood exports was even more of a breakthrough, up by 42%, reaching nearly 55 million USD, accounting for nearly 6% of the total seafood export turnover.
In 2020, the main species of canned seafood for export included tuna, scad, herring, saury, mackerel, crab, and shrimp ... In which canned and pouched tuna accounted for a large proportion of 66%, canned crab meat accounted for 13%, scallops 8%, shrimp 1.6%, chub mackerel accounted for nearly 2% ...
Canned tuna products include cut skipjack, yellowfin, big eyed tuna in salt/oil/water.
Related to crab products, Vietnam has pasteurized canned and pasteurized processed crab meat exported to Europe, America, Australia, Canada, Hong Kong, and Thailand ...
In 2020, there were 90 import markets for canned seafood from Vietnam, of which the top 10 markets included the US, Thailand, Germany, Egypt, Canada, Japan, France, Israel, Hong Kong, and Jordan, accounting for 73% of total exports. The US accounted for 38%, being the dominant proportion.
There were over 40 enterprises exporting canned seafood products in 2020, of which the top 10 enterprises accounted for 84%, mainly tuna exporters. In which, the top 3 companies named Highland Dragon accounted for 21% of export turnover, Pataya 16% and Foodtech accounted for 11.5%.
In the first two months of 2021, 28 enterprises participated in exporting canned and bagged seafood to the world market. Top 10 exporting enterprises accounted for over 83% with about 44.5 million USD. In which, the top 3 biggest companies were Highland Dragon, Pataya and Yueh Chyang Canned Food, accounting for 19.4%, 14% and 10% respectively.
There were 55 import markets for Vietnamese canned seafood in the first 2 months of this year, of which the top 10 markets accounted for over 84% with a value of about $ 45 million. The US accounted for the largest proportion (40%) thanks to a sharp increase in sales of nearly 60% over the same period. Except for Germany, the remaining markets in the top 10 such as Japan, Canada, Egypt, Australia, Thailand ... all increased strongly in canned fish imports from Vietnam.
It is forecasted that in 2021, canned and pouched seafood products of Vietnam will continue to take advantage of opportunities in the markets, at least in the first half of the year when the Covid epidemic is not yet controlled in the world.
SSI forecasts a 28% year-on-year increase in after-tax profit attributable to the parent company of Vinh Hoan Corporation (VHC), driven by a gradual improvement in average selling prices from USD 3.15/kg in 2024 to USD 3.30/kg (+5%) in 2025. An Giang Fisheries Import-Export Joint Stock Company (ANV)'s after-tax profit attributable to the parent company is projected to rebound by 104%.
In 2025, the Mekong Delta province of Bac Lieu aims to earn 1.2 billion USD from exporting shrimp, one of the key export products that accounts for over 95% of its total export value.
(seafood.vasep.com.vn) The Report on Vietnam Pangasius Sector 2015–2024, produced and released by the Vietnam Association of Seafood Exporters and Producers (VASEP) in January 2025, is expected to provide enterprises, importers, and government agencies with a comprehensive overview of key developments in Vietnam's pangasius production and export over the past decade. In addition to highlighting achievements, the report identifies existing challenges and analyzes future opportunities and threats for the pangasius industry.
(vasep.com.vn) Overcoming two years of fluctuation in both export markets and domestic production, Vietnam's pangasius industry has demonstrated resilience, adaptability, and a strong determination to seize opportunities and boost exports to various markets. As a result, in 2024, pangasius exports reached USD 2 billion, a 9% increase compared to 2023. This achievement is a source of pride for Vietnam's aquaculture and agriculture sectors.
(seafood.vasep.com) Speaking at a conference to implement the 2025 plan of the Ministry of Agriculture and Rural Development, Prime Minister Pham Minh Chinh urged the agricultural sector to strive for a total export turnover of agricultural, forestry, and fishery products reaching $70 billion by 2025.
With robust production and processing infrastructure, combined with continuous market development efforts, Vietnam’s seafood exports are poised for 10–15% growth in 2025.
In 2025, seafood exports are expected to continue to grow better and could reach 11 billion USD as in 2022. However, this is also the year the seafood industry will face challenges, including increased competition from other countries, trade wars and market barriers...
(seafood.vasep.com.vn) On the afternoon of December 25, at Toan Thinh Conference Center (Soc Trang City), the Soc Trang Fisheries Sub-department, under the Department of Agriculture and Rural Development of Soc Trang, held a conference to review the 2024 aquaculture activities and outline the brackish water shrimp farming plan for 2025. The event was attended by Ms. Quach Thi Thanh Binh, Deputy Director of the Department of Agriculture and Rural Development of Soc Trang.
The Mekong Delta province of Soc Trang aims to achieve export value of over 1.9 billion USD in 2025 by boosting production and processing of key products such as seafood, high-quality rice, fruits, and garments.
The UK-Vietnam Free Trade Agreement has significantly boosted Vietnamese seafood exports, with shrimp and pangasius leading the charge in the UK market.
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