In the first two months of this year, pangasius exports to this market decreased by 38%-71% over the same period last year. But in the next 3 months, the export value to this market increased very strongly by 100.6%-207.9% over the same period in 2017.
In the structure of seafood exports in the first 8 months of 2018, pangasius exports to Egypt took the highest value, accounting for 81%, followed by shrimp and other aquatic products. Stagnation of seafood imports, including pangasius into big import market such as Saudis made Vietnamese companies push into the UAE market and Egypt. As a result, during the past 8 months, pangasius exports to this market were relatively good.
Late in August 2018, during a state visit to Egypt, President Tran Dai Quang met with Egyptian Prime Minister Mostafa Madbouly at the prime minister's seat in Cairo. During the meeting, the Vietnamese side also suggested Egypt to soon complete its internal procedures for the double taxation avoidance agreement to take effect and create favorable conditions for Vietnam to import agricultural products (pepper, coffee, tea ...), seafood (pangasius, basa fish ...) into supermarket chains of Egypt.
The two sides also agreed to launch the Halal Food Standards Program for Vietnamese goods exported to the Islamic market in general and the Egyptian market in particular. Hopefully, in the coming time, exports of pangasius in particular and seafood products in general to this market will have more advantages and a better growth. This market was still considered as one of the three potential markets of Vietnam pangasius in this Middle East region.
(seafood.vasep.com.vn) In recent years, the US has consistently been Vietnam’s largest seafood export market. Over the past five years, seafood export turnover to the US has ranged from 1.5 billion USD to 2.1 billion USD anually. Despite facing strict protective policies such as anti-dumping and countervailing duties, U.S. market demand remains high, and the quality of Vietnamese seafood continues to improve, helping to maintain and expand its position in this market.
(seafood.vasep .com.vn) The return of Donald Trump to the White House for a second term will bring significant impacts on Vietnam, particularly its pangasius export sector. Trump's economic policies, such as raising import tariffs, reducing corporate income taxes, and attracting foreign direct investment (FDI) back to the US, are expected to directly influence various industries in Vietnam.
(seafood.vasep.com.vn) The UAE ranked 16th among importers of Vietnamese shrimp from 2018 to 2022, accounting for approximately 0.5% of Vietnam's total shrimp export value. Annually, Vietnam exported around US$20 million worth of shrimp to this market.
(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.
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