CPTPP is an important export market for Vietnamese shrimp enterprises with many advantages after the CPTPP Agreement is implemented. This year, among the top 4 largest single import markets in the bloc, shrimp exports to Japan recovered slowly while shrimp exports to Canada, Australia, and Singapore tended to recover well. The markets of Canada, Australia, and Singapore are considered to be areas that have quite well controlled the Covid-19 epidemic, so the demand for importing goods here is not affected much.
Japan is the largest importer of Vietnamese shrimp in the CPTPP. As of November this year, Vietnam's shrimp exports to Japan were estimated at $534.5 million, down 4.2% over the same period last year. Exports to Japan this year are not stable: increased from March to July while decreasing from August to November. Economic growth in Japan is unstable, adding bad influence from the Covid wave, restaurants restricting activities, reducing the consumption demand of people.
Canada is the second largest shrimp import market of Vietnam in the CPTPP. As of November this year, Vietnam's shrimp exports to Canada were estimated at 166.5 million USD, down 3.6% over the same period last year. This year, shrimp exports to Canada, after decreasing in August and September, recovered again in October and November. Canada is a country with a high income of the population, the market trend of importing warm water shrimp from Asia of the market. This market increases, so there are still many opportunities for Vietnamese shrimp exports to this market.
Vietnam's shrimp exports to Australia were estimated at over $164 million as of November this year, up 23.4% over the same period. From the beginning of the year to July this year, shrimp exports to Australia grew strongly. After that, it decreased in 3rd, 8th, 9th, 10th and then recovered again in November. Vietnamese shrimp is currently the top supplier of Australian shrimp. This is a potential market for Vietnamese shrimp.
In the first 3 quarters of this year, Vietnam's shrimp exports to Singapore were not stable, but there are signs of recovery in October and November.
The demand for shrimp imports from the CPTPP market this year is good. However, it is necessary to control the Covid-19 epidemic well for enterprises to stabilize production. Vietnam's shrimp exporters are still struggling with many difficulties due to the Covid-19 epidemic, high production costs and transportation charges...
(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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