By the end of May, Vietnam's shrimp exports to China decreased by 19% to 137 million USD, accounting for 34% of seafood export value to this market. Pangasius surpassed shrimp, accounting for 41% to reach 165.5 million USD, a slight increase of 2%. Exports of marine fish decreased by 5% to nearly $70 million and accounted for 17% of total seafood exports.
The impact of the Covid pandemic and China's move have created two clear trends in Vietnam's seafood exports to this market: the turnover of fresh/frozen products dropped sharply, the export of dried and processed goods. increase. Accordingly, the export of fresh/live/frozen black tiger shrimp decreased by 25% in May and 26% in the first 5 months of the year to US$46 million, while processed black tiger shrimp increased by 278% to US$1.4 million.
Vietnam's frozen vannamei exports to China in the first five months of the year increased 2% to $67 million, while exports of processed vannamei increased by 173% to over $6 million. Vannamei shrimp accounted for 54% of total shrimp exports. Vietnam's marine shrimp exports to China in the first 5 months of 2020 accounted for 22% of shrimp exports, this year only accounted for 11% with $ 15.6 million, down 58%, because frozen shrimp exports decreased by 85%. In return, the export of dried shrimp increased nearly 6 times, processed shrimp increased by 67%. For pangasius, exports of frozen fillets decreased by 12% in the first 5 months of the year, reaching 118 million USD, frozen whole pangasius increased sharply by 78% to nearly 47 million USD.
For other types of marine fish for export (except tuna), dried fish is the most popular product line, accounting for 50% of the export turnover of marine fish with 35 million USD in the first 5 months of this year, an increase of nearly 6%. However, in May, the export of dried fish to China decreased by 48%. Other processed fish products increased by 53%, while exports of fresh frozen fish decreased by 42%. Exports of fish cakes and surimi products also increased sharply by 43% in May and the first 5 months of the year reaching 23 million USD, up 13%.
(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.
(seafood.vasep.com.vn) In the final quarter of 2024, Vietnam’s surimi and fish cake exports showed consistent growth over the last three months. For the entire year 2024, exports of these products reached USD 298 million, down 2% compared to 2023. However, the final quarter saw more promising signs for the surimi and fish cake export sector, with some markets experiencing notable growth, such as Thailand, China, and Taiwan. Particularly, exports to Taiwan, which had seen continuous declines in the previous two quarters, surged by 301% in this quarter.
(seafood.vasep.com.vn) Another year of pride for Vietnam's pangasius exports has concluded, reaching over USD 2 billion and contributing 20% to Vietnam's total seafood export turnover.
Vietnam maintained its position as the fifth-largest seafood exporter to Singapore for 12 consecutive months, surpassing Japan for the first time in 2024, amid the intensifying competition in this market.
(seafood.vasep.com.vn) Despite facing numerous challenges in the second half of the year, Vietnam's canned tuna exports concluded 2024 with a 17% increase compared to 2023, reaching USD 299 million. To maintain this growth momentum in 2025, the canned tuna production and export sector requires coordinated efforts from all stakeholders.
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.
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