In August 2021, Vietnam's marine product exports fell sharply compared to the previous month and compared to the same period last year. The reason is that production activities are delayed due to social distancing to prevent the Covid epidemic, processing plants reduce capacity, lack of production materials, supply chain is interrupted, transportation is not smooth. ...
Vietnam's exported marine products include: other fish (except tuna and pangasius, accounting for 51.7% of Vietnam's total seafood export value); tuna (accounting for 22.1%); cephalopods (17%); crabs, crabs and other crustaceans (4.9%); bivalve molluscs (4.1%) and other molluscs (except squid and bivalve molluscs account for 0.2%).
In August 2021, the export value of all marine products (except bivalve molluscs) plummeted by double digits from 19-48% compared to August 2020. Other mollusk exports dropped the most by 48%, while marine fish and crab exports fell by 30% and 25%, respectively. Only exports of bivalve molluscs increased by 36%.
However, thanks to the positive growth in the previous months, accumulated in the first 8 months of this year, the total export value of marine products still increased by 7% over the same period in 2020. Only exports of crabs and other molluscs decreased by 4% and 36%, the remaining seafood exports still grew positively from 4% to 40%. Exports of bivalve molluscs increased the most by 40% to 86.8 million USD, exports of other marine fish, tuna and octopus increased by 5%, 13% and 4% respectively.
(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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