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) To maximize natural advantages and increase the value of local aquatic products, Ca Mau province is promoting the ecological shrimp farming model under mangrove forests. This model not only brings high profits to people thanks to businesses committing to purchasing products at prices 10-20% higher than the market price but also aims for sustainable development and environmental friendliness.
(seafood.vasep.com.vn) The Comprehensive Economic Partnership Agreement (CEPA) between Vietnam and the United Arab Emirates (UAE) was signed after just over a year of negotiations. With high demand for premium seafood in the UAE, particularly for shrimp and tuna products, Vietnam’s tuna industry is expected to gain increased export opportunities and higher product value thanks to the preferential terms of the CEPA.
(seafood.vasep.com.vn) In October 2024, seafood exports from Vietnam are estimated to exceed $1 billion, marking a 28% increase compared to the same period last year. This achievement signifies the first return to the $1 billion milestone in 27 months, since June 2022, providing a significant boost for Vietnamese seafood enterprises.
(seafood.vasep.com.vn) Under the theme "Dong Thap Pangasius: Green Journey - Green Value," the Dong Thap Pangasius Festival 2024 will take place over two days, November 16th and 17th, at Vo Nguyen Giap Square in Hong Ngu City.
(seafood.vasep.com.vn) The Department of Agriculture and Rural Development of Kien Giang has announced a plan to stabilize the biosafety rice-shrimp production area at 117,340 hectares by 2030.
(seafood.vasep.com.vn) According to the Department of Fisheries in Ca Mau, the total aquatic product output in the region is estimated at 536,140 tons as of October 17, achieving 82.23% of the annual plan and marking a 1.74% increase compared to the same period last year. Within this total, shrimp production stands at 208,495 tons, reaching 82.41% of the planned target and showing a 2.23% increase year-over-year.
(seafood.vasep.com.vn) According to data from Vietnam Customs, pangasius exports to Iraq have surged significantly in the first nine months of 2024, marking the highest levels seen in three years. This upward trend has positioned Iraq as a key market for Vietnamese pangasius, even surpassing Iran, traditionally regarded as a gateway for trade between Vietnam and the Middle East.
(seafood.vasep.com.vn) Bình Thuận's seafood production has maintained stability year-to-date, with favorable fishing grounds. However, the growth rate slowed slightly in the third quarter due to the impact of storms and tropical depressions in the East Sea.
(seafood.vasep.com.vn) Pangasius, a popular whitefish species favored in many global markets and a signature fish of Vietnam, faces stiff competition from other whitefish varieties such as cod, hake, and tilapia. However, Vietnamese pangasius has emerged as the top choice among whitefish imported by Brazil.
(seafood.vasep.com.vn) According to market trends, starting in Q3, importers typically ramp up purchases to prepare for the holiday season and year-end festivities. U.S. consumer spending is expected to recover in the second half of 2024 compared to the same period last year, which could positively impact the value of Vietnam's seafood exports to this market.
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
Đơn vị vận hành trang tin điện tử: Trung tâm VASEP.PRO
Trưởng Ban Biên tập: Bà Phùng Thị Kim Thu
Giấy phép hoạt động Trang thông tin điện tử tổng hợp số 138/GP-TTĐT, ngày 01/10/2013 của Bộ Thông tin và Truyền thông
Tel: (+84 24) 3.7715055 – (ext.203); email: kimthu@vasep.com.vn
Trụ sở: Số 7 đường Nguyễn Quý Cảnh, Phường An Phú, Quận 2, Tp.Hồ Chí Minh
Tel: (+84) 28.628.10430 - Fax: (+84) 28.628.10437 - Email: vasephcm@vasep.com.vn
VPĐD: số 10, Nguyễn Công Hoan, Ngọc Khánh, Ba Đình, Hà Nội
Tel: (+84 24) 3.7715055 - Fax: (+84 24) 37715084 - Email: vasephn@vasep.com.vn
