Vietnam's marine products for exports include: other marine fish (except tuna, accounting for 45.7% of Vietnam's total export value of marine products); tuna (accounting for 28.2%); cephalopod (17%); crabs and other crustaceans (5.6%); mollusk shells (3.4%) and the rest are other mollusks (except cephalopod and bivalve mollusk).
In the first 3 months of 2022, the export value of captured marine products increased, except for other mollusks exports. Tuna exports recorded the strongest growth rate of 72%, reaching over 259 million USD.
Exports of crabs, other crustaceans and cephalopod increased by 62% and 35% respectively. Exports of mollusk shells increased by 29%, exports of other marine fish increased slightly by 5%. In contrast, exports of other mollusk fell 58% but this product only accounted for a small proportion.
Processing and exporting captured marine products are concentrated in Ho Chi Minh City, Khanh Hoa, Ba Ria - Vung Tau…
In the next quarter, Vietnam's exports of marine products are expected to maintain positive double-digit growth. However, the impact of the Covid-19 epidemic, IUU yellow card, increasing transportation costs, gas prices, input costs,... are still the challenges that businesses have to face.
Compiled by Phuong Linh
(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.
(seafood.vasep.com.vn) In the final quarter of 2024, Vietnam’s surimi and fish cake exports showed consistent growth over the last three months. For the entire year 2024, exports of these products reached USD 298 million, down 2% compared to 2023. However, the final quarter saw more promising signs for the surimi and fish cake export sector, with some markets experiencing notable growth, such as Thailand, China, and Taiwan. Particularly, exports to Taiwan, which had seen continuous declines in the previous two quarters, surged by 301% in this quarter.
(seafood.vasep.com.vn) Another year of pride for Vietnam's pangasius exports has concluded, reaching over USD 2 billion and contributing 20% to Vietnam's total seafood export turnover.
Vietnam maintained its position as the fifth-largest seafood exporter to Singapore for 12 consecutive months, surpassing Japan for the first time in 2024, amid the intensifying competition in this market.
(seafood.vasep.com.vn) Despite facing numerous challenges in the second half of the year, Vietnam's canned tuna exports concluded 2024 with a 17% increase compared to 2023, reaching USD 299 million. To maintain this growth momentum in 2025, the canned tuna production and export sector requires coordinated efforts from all stakeholders.
SSI forecasts a 28% year-on-year increase in after-tax profit attributable to the parent company of Vinh Hoan Corporation (VHC), driven by a gradual improvement in average selling prices from USD 3.15/kg in 2024 to USD 3.30/kg (+5%) in 2025. An Giang Fisheries Import-Export Joint Stock Company (ANV)'s after-tax profit attributable to the parent company is projected to rebound by 104%.
In 2025, the Mekong Delta province of Bac Lieu aims to earn 1.2 billion USD from exporting shrimp, one of the key export products that accounts for over 95% of its total export value.
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