Currently, marine products exports account for 37% of the country's total seafood export value. Marine products exports in August this year recorded a strong growth of 80% because at the same time last year, processing enterprises had to shut down or cut down their activities due to the impact of Covid-19 pandemic.
Vietnam's marine products exports include the following product groups: other marine fish (accounting for 48%); tuna (accounting for 26%); squid, octopus (17%); crabs, crabs and other crustaceans (5%); bivalve molluscs (4%) and the remaining is other molluscs.
In the first 8 months of 2022, the export value of wild marine products increased except for other mollusks. Tuna exports recorded the strongest growth rate of 55% at USD 730 million..
In August 2022, Vietnam marine products exports reached 405 mil USD, increasing 80% compared to the same period 2021
Exports of crustacea and cephalopods increased by 37% and 36%, respectively. Exports of bivalve molluscs increased by 13%, exports of other marine fish increased by 23%. Only other mollusk exports decreased by 20%, but this product only accounts for a small proportion.
Processing and exporting wild marine products are concentrated in Ho Chi Minh City, Khanh Hoa, Ba Ria - Vung Tau, Long An, Kien Giang.
Exports of other marine products in August this year grew well compared to the same period last year. The export value of crabs, squid, octopus and marine fish increased from 43% to 93%, only the export of bivalve molluscs decreased slightly by 2% over the same period last year.
The continuous war in Russia continues to negatively affect many economic sectors, including fishing. This causes the supply to decrease because of the high fishing costs. Thus, enterprises still face the shortage of supply.
Compiled by Thuy Linh
(seafood.vasep.com.vn) The company also announced that its farms are well-prepared and will begin stocking in mid-November when the weather conditions are favorable.
(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.
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