Vietnam’s exports of frozen tuna meat/loin continue to surge

(seafood.vasep.com.vn) In recent years, Israel has consistently been a top export market for Vietnamese tuna, following the US and EU. Therefore, the recent escalating tension between Israel and Iran is affecting Vietnam's tuna exports to this market. Enterprises are worried about having to halt export orders to this market in the coming months.

(seafood.vasep.com.vn) As Vietnam’s southernmost province, Ca Mau boasts abundant natural resources, particularly in fisheries and renewable energy, attracting significant international investment. The presence of international businesses in Ca Mau plays a pivotal role in driving economic growth and sustainable development, not only for the province but also for the entire Mekong Delta region.

(seafood.vasep.com.vn) Sao Ta Food Joint Stock Company (Sao Ta) reported that its finished shrimp production in September 2024 reached 2,309 tons; finished shrimp consumption reached 2,638 tons, an increase of 47% over the same period.

(seafood.vasep.com.vn) Vinh Hoan Corp is currently the largest exporter of Vietnamese pangasius fillet to the US, with a market share significantly higher than other listed companies.

Ho Chi Minh City, Vietnam – October 14, 2024 – The Vietnam Association of Seafood Exporters and Producers (VASEP) proudly reiterates its commitment to sustainable development and responsible practices within the Vietnamese shrimp industry. With over three decades of experience, Vietnam has become a key player in more than 100 international markets, recognized for our high-quality shrimp products and robust traceability protocols.

(seafood.vasep.com.vn) Vietnam’s fishery exports reached $7.16 billion in the first 9 months of this year, a year-on-year increase of 8.5%, the Vietnam Association of Seafood Exporters and Producers (VASEP) has reported.

The U.S. Department of Commerce (DOC) has said Vietnamese exporters do not dump pangasius into U.S. market.

With pangasius exports soaring by 9% to reach nearly US$1.3 billion during the initial eight months of the year, Vietnam is likely to achieve the set target of earning US$2 billion from the export of the fish this year, according to the General Department of Vietnam Customs.

(seafood.vasep.com.vn) Besides the main product of frozen Vietnamese pangasius fillets, consumers in many markets around the world also prefer other pangasius products, including frozen butterfly-cut pangasius HS code 03032400.

(seafood.vasep.com.vn) In August 2024, Vietnam's shrimp exports reached 404 million USD, up 20% compared to August 2023. Shrimp exports in August continued to record the highest value since the beginning of the year and recorded the best growth since February this year. In the first 8 months of this year, shrimp export turnover reached more than 2.4 billion USD, up 10% over the same period last year.