According to the Vietnam Association of Seafood Exporters and Producers (VASEP), Brazil - which has annually imported more than 1 billion USD in the value of aquatic products since 2012, is now one of the largest markets of Vietnam’s Tra fish.
This is a potential market in South America for Vietnam’s aquatic products, especially Tra fish, the association said.
Statistics from the International Trade Centre showed Brazil ranked 21st globally in importing aquatic products in 2016.
Vietnam’s exports of aquatic products to Brazil have risen over the past few years but its market share remains limited.
In the first months of 2018, Brazil was still one of the most important markets of Vietnam’s Tra fish.
The Ministry of Agriculture and Rural Development (MARD) has paid attention to promoting negotiations with the Brazilian side, towards making it easier for Vietnamese aquatic products to enter the market.
MARD’s Department of Animal Health recently asked VASEP to point out difficulties facing Vietnamese enterprises in exporting aquatic products to Brazil.
VASEP Vice General Secretary To Thi Tuong Lan said the department should help aquatic firms update Brazil's import information and regulations as quickly as possible, as well as identify risks related to trade protection.
It is necessary to have measures to prove that shrimps from Vietnam do not pose infection risk to shrimps in importing countries, she stressed.
Recently, during his visit to Brazil, Deputy Prime Minister Vuong Dinh Hue also asked the Brazilian government to create favorable conditions for Vietnamese aquatic businesses to export their products such as Tra and basa fish and shrimps to the country.
Vietnam’s seafood exports reached a value of nearly 4 billion USD in the first half of 2018, up 12.3 percent year-on-year, according to VASEP.
In June, basa fish brought home more than 200 million USD, up nearly 33 percent annually, bringing the six-month figure to about 1 billion USD, up 21 percent.
Firms predicted that seafood exports will keep growing over the last half of the year thanks to an increase in demand. Several domestic processing enterprises have signed contracts for major holidays later this year.
The country’s export of aquatic products is forecast to continue growing strongly for the rest of the year.
VNA
(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.
VASEP - HIỆP HỘI CHẾ BIẾN VÀ XUẤT KHẨU THỦY SẢN VIỆT NAM
Chịu trách nhiệm: Ông Nguyễn Hoài Nam - Phó Tổng thư ký Hiệp hội
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Trưởng Ban Biên tập: Bà Phùng Thị Kim Thu
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