The strategy aims at turning Vietnam into a seafood processing center and join the top five seafood processing countries in the world by 2030. It also strives to develop a modern, efficient and sustainable seafood processing industry, meeting the demands of consumption markets, improving its competitiveness and integrating deeply into the global value chain. Under the strategy, value-added processed products will account for over 40 percent of total export value of seafood. At least 70 percent of seafood processing establishments will have production technology from medium to advanced levels. The strategy also sets a goal that by 2030, the value of seafood processing for domestic consumption reach VND40 trillion - VND45 trillion (US$1.7 billion-US$1.9 billion), besides an export value of seafood of $14 billion-$16 billion. A number of modern seafood processing corporations with economic potential and management on par with the world level will be established at the same time. To realize these goals, the strategy has set forth some tasks including the development and management of the production of raw materials for seafood processing to meet the demand of enterprises and in line with the requirements of domestic consumption and export. Compliance with both domestic regulations and international practices and requirements including traceability and origin is also a must. It is necessary to attract investment to form big seafood processing corporations which have economic potential and business administration on par with the world level and upgrade technology and capacity of seafood processing facilities for export. The production chain should be restructured to improve the economic efficiency and competitiveness of processed seafood products.
Having identified its weakness in 2023, entering the first quarter of 2024, Vietnam's shrimp industry has undergone a clear change, reflected through increases in exports to major markets.
It is necessary to develop more detailed and consistent regulations on seafood production for export in line with the implementation of solutions towards sustainable and responsible fishing practices.
(seafood.vasep.com.vn) After increasing to the highest level in 2022, Canada's tuna imports in 2023 dropped to the lowest level in the past 10 years, reaching 35 thousand tons, down 24% over the year. Canada is currently one of the 15 largest tuna import markets in the world.
(seafood.vasep.com.vn) Chile, one of the countries participating in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), has tended to increase tuna imports from Vietnam in the past 3 years. According to statistics from Vietnam Customs, this South American country imported nearly 3 million USD of tuna products from Vietnam in the first 2 months of 2024, an increase of 58% over the same period in 2023.
Economic and social development activities, overexploitation, pollution, diseases, and climate change have adversely affected the ecological environment, leading to a severe decline or the extinction of many precious indigenous aquatic species.
(seafood.vasep.com.vn) The prices of pangasius fingerlings and raw pangasius in ponds fell in March, following steady increases in the first two months of this year.
(seafood.vasep.com.vn) In February 2024, the average export price of Vietnamese pangasius to markets increased by 4%, although the volume decreased by 40% compared to the previous month.
(seafood.vasep.com.vn) There was a 6% decline in Vietnam's pangasius exports to Brazil in February 2024 compared to the same period in 2023, with the total value reaching 6 million USD.
(vasep.com.vn) In the first two months of 2024, Poland—which ranks as Vietnam's fourth-largest EU supplier of tuna—became a noteworthy market. Vietnam's tuna exports value to Poland increased by 786% in comparison to the same period last year, totaling over $2 million USD and contributing about 2% of the country's overall tuna exports revenue.
Regulations on the protection and sustainable development of aquatic resources, Việt Nam's legitimate rights at sea in accordance with international law and the achievements that the country has carved out to remove the European Union’s “yellow card” will be brought closer to local people.
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