Right in the first days of 2021, the agricultural sector in general and shrimp enterprises, in particular, embark on the work, meeting the requirements of a series of orders from fastidious markets. Success in shrimp exports in 2020 was a driving force, creating momentum for export businesses to enhance production and value in 2021.
Mr. Phung Duc Tien - Deputy Minister of Agriculture and Rural Development said that Vietnam has advantages in markets, especially fastidious markets such as the US, Europe, and the large Chinese market.
Sharing about production and business results in 2020, Mr. Le Van Quang - General Director, Chairman of Minh Phu Seafood Corporation - said that the success in control Vietnam's Covid 19 pandemic is a good opportunity for the shrimp industry. In 2020, Minh Phu exported 55,000 MT of finished shrimp, with a turnover of US$580 million. The target in 2021 is set at 71 thousand MT of shrimp with a turnover of US$790 million.
According to VASEP, in 2021, there will be many favorable conditions for Vietnam's shrimp production and exports. World demand remains stable while other exporting countries have not yet recovered. China is the largest supplier in Asia, however, there is a shortage of shrimp for processing and consumption in this country.
Along with that, anti-dumping tax in the US on shrimp is low; Tariff advantages for Vietnamese origin of farmed shrimp products in the New generation Free Trade Agreements ...
In the current context, VASEP forecasts that shrimp exports in 2021 are likely to increase by about 15% compared to 2020, surpassing US$4 billion.
Mr. Vo Van Phuc - General Director of Vietnam Clean Seafood Cooperation said that the Covid 19 pandemic caused the supply chain in the shrimp industry to be broken, from operations in factories to farming activities. With this condition, we are not likely to achieve the set target of shrimp export reaching US$4 billion.
From a professional perspective, Mr. Tran Dinh Luan - Director General of the Directorate of Fisheries (Ministry of Agriculture and Rural Development) said the shrimp industry encourages effective farming models, low risk, traceability, ensuring hygiene and safety. In 2021, depending on actual conditions, the farmer can apply the appropriate forms to ensure a successful production.
In the context that the competitor's supply is facing difficulties and the situation is forecasted to not be better until the end of the first quarter of 2021, Vietnam's shrimp exports will continue to achieve growth milestones in 2021 if we ensure good farming and processing, said experts. The production of Covid-19 vaccines with the advantages of FTAs being utilized by businesses will be the driving force for shrimp exports in 2021.
(seafood.vasep.com.vn) Sao Ta (FMC - HoSE), a key subsidiary of PAN Group, has announced impressive business results for February. The company's shrimp production reached 1,913 tons, a 106% increase compared to the same period last year, while agricultural product production reached 67 tons, up 6%.
(seafood.vasep.com.vn) The tuna export market of Vietnam in the first month of 2025 has seen notable fluctuations. Exports to most major markets have decreased compared to the same period in 2024.
The Seafood Expo Global is the largest seafood industry event in the world, truly becoming a professional playground and a strong foundation for connecting the international seafood community. The Seafood Expo Global (SEG) 2025 will take place from May 6 to May 8, 2025 in Barcelona, promising to be an important platform for the global seafood community to meet, trade, and seek business opportunities in seafood industry.
(seafood.vasep.com.vn) According to data from Vietnam Customs, Vietnam’s pangasius exports in January 2025 reached over USD 133 million, marking a 19% decline compared to the same period last year. Notably, the ranking of the top pangasius import markets saw significant adjustments.
(seafood.vasep.com.vn) According to a report by the General Statistics Office, the estimated pangasius output for January 2025 reached 102.5 thousand tons, representing a 6.0% increase compared to the corresponding period of the preceding year. This surge is attributed to the rise in pangasius material prices within the Mekong Delta, which has incentivized aquaculture farmers to expand their stocking activities. Concurrently, this price increase has facilitated processing enterprises to intensify procurement efforts to meet export demands during the early part of the year.
(seafood.vasep.com.vn) Between 2015 and 2024, Vietnamese pangasius exporting enterprises have undergone notable transformations in rankings and experienced fluctuations in developmental strategies, competitive intensity, and business efficacy. This dynamic is clearly illustrated through shifts in export turnover and the proportional contribution to the national pangasius export volume among the Top 5 enterprises.
(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.
VASEP - HIỆP HỘI CHẾ BIẾN VÀ XUẤT KHẨU THỦY SẢN VIỆT NAM
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