According to the Directorate of Fisheries - Ministry of Agriculture and Rural Development, in 2020, the brackish water shrimp farming area in the country will reach 738,000 hectares, the total harvested output will be over 900,000 tons, of which black tiger shrimp is over 267,000 tons and white shrimp is over 512,000 tons. In which, in the Mekong Delta, brackish water shrimp farming area is concentrated in coastal provinces with over 680,000 ha, accounting for 92% of brackish water shrimp farming area of whole country. In 2021, Vietnam plans to produce brackish water shrimp on the area of 740,000 ha, mainly in the Mekong Delta… However, in the first months of 2021, the COVID-19 epidemic reappeared, seriously affecting seafood production chain and processing and export factories.
Mr. Ho Quoc Luc, Chairman of the Board of Directors of Sao Ta Food Processing Joint Stock Company, said that due to the impact of the COVID-19 epidemic, most of the costs of aquaculture feed and aquatic veterinary medicine increased, therefore the price of raw shrimp also increased. But the selling price of finished shrimp for export has not increased, because importing countries and consumers are still concerned with the outbreak of the COVID-19 epidemic. For example, in Thailand, India, Cambodia, etc., soon after opening the economy, the epidemic broke out again, making consumers insecure, consumption and import of seafood and shrimp still limited.
According to Mr. Vo Van Phuc, General Director of Vietnam Clean Seafood Joint Stock Company (Vina Cleanfood), compared to the same period last year, the export seafood industry has many advantages, but from the beginning of 2021 until now, there are many difficulties. Especially, shrimp raw materials are not enough, the price increased, while the export price of shrimp was not higher than last year. Factories that plan to store raw materials in the main season have to spend a lot of money on cold storage and bank interest rates. Up to now, the outbreak of the COVID-19 epidemic has had a strong impact on input prices, plus an increase in export freight rates, increase in labor makes the production cost of the shrimp industry increase.
In the first months of 2021, despite facing many difficulties in production, trading and processing of shrimp for export, shrimp farming areas in the Mekong Delta are entering the new farming season with positive signs. Because, at present, the weather in the Mekong Delta changes seasons, rains early, shrimp farming areas are favorable and develop well. Many shrimp farming models apply new technology very effectively. Businesses investing in shrimp farms and many shrimp farming households forecast that this year's shrimp crop will be better, due to the good and stable farming process.
According to forecasts, the fact that Vietnam has and will join many new-generation trade agreements is an important premise to develop aquaculture production and brackish water shrimp exports in 2021. At the same time, according to the standard cycle. For shrimp consumption, the market usually gets better towards the end of the year. At the beginning of the third quarter of 2021, in the Northern Hemisphere countries in the summer, the people of these countries make a lot of travel, entertainment and entertainment, so consumption increases; Countries affected by the current rapid outbreak of the COVID-19 epidemic also reduce shrimp farming areas, so the competitiveness of export output will decrease… That is a good condition for the shrimp industry to export in the coming time. However, shrimp prices cannot increase sharply in the near future, as prices are already high. It is forecasted that when in the peak season of shrimp harvest from June to September, shrimp prices are likely to decrease and at the end of the season will increase again.
(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.
(seafood.vasep.com.vn) According to Vietnam Customs data, pangasius exports to the EU reached USD 7 million in the first half of October 2024, marking a 27% year-on-year increase. As of October 15, 2024, cumulative exports to the EU totaled over USD 134 million, reflecting a slight 0.01% decrease compared to the same period last year.
(seafood.vasep.com.vn) According to data from Vietnam Customs, pangasius export revenue in October 2024 reached nearly $202 million, a 17% increase compared to October 2023. The cumulative export value for the first ten months of the year totaled $1.7 billion, marking a 9% year-on-year increase.
(seafood.vasep.com.vn) Vietnam's exports of crabs and other crustaceans continued to see high growth in September 2024, with a 54% increase compared to the same period in 2023. In the first nine months of the year, exports of crabs and other crustaceans reached over USD 228 million, a 67% increase year-over-year.
(seafood.vasep.com.vn) Vietnam’s shrimp exports reached $394 million in October 2024, up 24%. In the first ten months of this year, shrimp exports brought in $3.2 billion, up 13% compared to the same period last year. Exports to all major markets recorded double-digit growth in October.
International Development and Investment Corporation (IDI), a key member of the Sao Mai Group, has consistently ranked among the largest seafood producers and exporters in Vietnam.
(seafood.vasep.com.vn) In recent years, the US has consistently been Vietnam’s largest seafood export market. Over the past five years, seafood export turnover to the US has ranged from 1.5 billion USD to 2.1 billion USD anually. Despite facing strict protective policies such as anti-dumping and countervailing duties, U.S. market demand remains high, and the quality of Vietnamese seafood continues to improve, helping to maintain and expand its position in this market.
(seafood.vasep .com.vn) The return of Donald Trump to the White House for a second term will bring significant impacts on Vietnam, particularly its pangasius export sector. Trump's economic policies, such as raising import tariffs, reducing corporate income taxes, and attracting foreign direct investment (FDI) back to the US, are expected to directly influence various industries in Vietnam.
(seafood.vasep.com.vn) The UAE ranked 16th among importers of Vietnamese shrimp from 2018 to 2022, accounting for approximately 0.5% of Vietnam's total shrimp export value. Annually, Vietnam exported around US$20 million worth of shrimp to this market.
(seafood.vasep.com.vn) The company also announced that its farms are well-prepared and will begin stocking in mid-November when the weather conditions are favorable.
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