The Covid 19 pandemic affected the production and business activities of Vietnam fisheries industry, causing the decline in seafood exports in the first months of the year. Seafood exports saw the decline in China and South Korea in the first two months of the year. Since March 2020, the Covid outbreak happening in EU and US countries caused exports to these markets to be delayed. As a result, Vietnam seafood exports to the US may fall by 10% in May after falling by 11% in April. Exports to the EU may decrease by 21% in May after falling by 23% in April.
In the main markets of Vietnam seafood, in the past 2 months, Japan and China market still maintained positive growth in importing Vietnamese seafood. After the Covid pandemic was basically controlled in China, since March 2020, China's demand for seafood imports recovered, Vietnam's seafood exports to the market increased continuously: increased by 35% in April and continued to increase sharply by 20% in May. Meanwhile, seafood imports into Japan from Vietnam stabilized. The seafood import value from Vietnam into Japan increased continuously in the first months of the year. In May, exports to Japan increased by 9% after rising by 16% in April. It is expected that with this growth momentum, Japan will continue to be the largest importing market of Vietnam seafood this year and will offset the significant reduction in EU and US markets. By the end of May 2020, exports to China may only about fall by 2% compared to the same period last year, by the end of June, the exports to this market are forecast to be similar or slightly increase compared to the same period in 2019.
Most of the seafood products exported by Vietnam dropped, except for shrimp that maintained a growth rate of 6% in April and May, so in the first 5 months of this year, shrimp exports saw a positive growth of nearly 4% with nearly US$1.2 billion. Pangasius exports in May may recover gradually compared to April. However, pangasius exports in Jan-May 2020 estimated to reach nearly US$600 million, down 24% year on year.
Vietnam’s total marine products exports by the end of May 2020 are estimated to US$1.1 billion, down by over 4% YoY, in which tuna sales (-18%) and cephalopod (-19% ), other marine products may still increase slightly (other marine finfish may increase by nearly 5%).
It is forecast that seafood exports by Vietnam in the coming months will recover gradually because the EU market has started to open again from May, the demand will increase gradually in the coming months. However, the Covid epidemic is complicated in the US and some other countries, so it will continue to affect the global seafood trade including Vietnam.
(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.
(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.
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