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 purchase price of raw pangasius in the first 11 months of 2024 remained at 26,000-27,000 VND/kg. However, farmers faced challenges in earning profits due to rising costs of fish feed, fuel, and labor during the year.
(seafood.vasep.com.vn) Sao Ta Foods Joint Stock Company (FIMEX) recently announced its production and business results for November 2024, showing a 5% year-over-year increase in revenue but a 21% decline compared to the previous month.
(seafood.vasep.com.vn) Soc Trang province underscores the critical role of the fisheries sector in driving its socio-economic development. Located along Vietnam's coastline, the province features 72 km of shoreline, three major estuaries—Dinh An, Tran De, and My Thanh—and a dense river network encompassing diverse ecosystems, including saltwater, brackish, and freshwater. These natural resources provide ideal conditions for the growth of aquaculture, making the fisheries sector a cornerstone of Soc Trang’s economic strategy.
(seafood.vasep.com.vn) In 2024, the pangasius industry in Dong Thap is projected to achieve a production value of VND 8.802 billion, marking a 2.86% increase compared to 2023 and accounting for over 17% of the province's total agricultural, forestry, and fishery production value.
(seafood.vasep.com.vn) Vietnam's tuna exports to Japan have seen robust growth over the past two months. Data from Vietnam Customs shows that in October 2024 alone, tuna exports to Japan surged by 31% year-on-year, reaching nearly USD 3.5 million. This growth has offset the decline experienced in the first half of the year, raising the total export value for the first ten months of 2024 to nearly USD 28 million, a 5% increase compared to the same period last year.
A business forum was held by the Dutch Embassy in Vietnam in collaboration with the Ministry of Agriculture and Rural Development (MARD) in the Mekong Delta city of Can Tho on November 27, seeking ways for sustainable aquaculture in the region.
(seafood.vasep.com.vn) On November 18, Ms. Truong Ha Phuong Anh, Director of the Center for Investment Promotion and Business Support (iPEC), stated that during the Ca Mau Province Agricultural and Aquatic Products Trade Promotion Conference 2024, held on November 15, there were 209 direct trade interactions between 42 seafood processing and exporting enterprises, OCOP producers in the province, and five leading domestic retail companies: Central Retail, Saigon Co.op, Kingfood Mart, Bach Hoa Xanh, and Satra Supermarket.
In 2024, the Binh Dinh Agricultural Extension Center successfully implemented a semi-intensive and intensive two-stage whiteleg shrimp farming model using Semi-Biofloc technology.
(seafood.vasep.com.vn) Recently, the area dedicated to super-intensive, high-density whiteleg shrimp farming in Trà Vinh Province has been rapidly expanding due to its high productivity and economic efficiency.
(seafood.vasep.com.vn) In collaboration with provincial authorities, specialized agencies, and local coastal governments, seafood processing and export enterprises in Binh Dinh Province are actively working to address issues related to illegal, unreported, and unregulated (IUU) fishing. The shared goal is to have the European Union's "yellow card" removed this year.
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