The country's seafood output increased by nearly 60% from 4.6 million MT in 2008 to 7.3 million MT in 2017, the average annual growth was 5%. Of that, aquaculture production accounted for 53%, capture output made up 47%.
Aquaculture output increased by 57% from 2.4 million MT to 3.8 million MT, the average annual growth was 5%. Aquaculture activities were mainly in the Mekong Delta (accounting for 95% of total pangasius production and 80% of total shrimp production)
Compared with 10 years ago, the seafood export turnover doubled from US$4.5 billion in 2008 to US$9 billion in 2018 with the average annual growth rate of 7%.
Of that, aquaculture (including 2 main species of shrimp and pangasius) took up 65-70% of seafood export value.
Shrimp exports accounted for the largest share with the highest and most stable growth. After 10 years, shrimp export turnover increased by nearly 2.5 times from US$1.6 billion to nearly US$3.9 billion with the average annual growth of 9%. Shrimp exports tended to account for a larger proportion of total seafood exports: from 36% to 50%.
Pangasius export value increased by 50% from US$1.4 billion in 2008 to about US$2.2 billion in 2018 with the average annual growth of 4%. However, the proportion decreased from 32% to 21%.
Exports of marine products picked up 30- 35% of total seafood exports with the unstable growth. The export turnover doubled from US$1.4 billion in 2008 to nearly US$3 billion in 2018 with the average annual growth of 7.5%.
Seafood is the fifth largest export item behind telephone, textiles, electronics, and footwear. Seafood accounted for 4-5% of the total export value of the country.
The fisheries brings over 4 million jobs to people. In particular, the processing and seafood export sector brings jobs to about 300,000 workers.
Resolution No. 24/2008/NQ-CP on 28th October 2008, promulgating the Government's Action Program to implement the Resolution of the 7th plenum of the 10th Party Central Committee on agriculture, farmers and rural areas, including the Aquaculture Development Scheme until 2020, approved by Decision 332/QD-TTg dated on 3rd March 2011. Accordingly, by 2020, aquaculture output expected to reach 4.5 million MT on an area of 1.2 million hectares; the export turnover expected to hit US$5.0-5.5 billion, creating jobs for about 3.5 million people.
Thus, by 2018, Vietnam’s seafood exports have exceeded 51% of target. Based on the current situation and supply - demand in the country and world markets, Vietnam's seafood exports by 2020 forecasted to touch about US$11.5 billion, doubling the target in Decision No. 332/QD-TTg on 3rd March 2011.
(seafood.vasep.com.vn) Sao Ta Foods Joint Stock Company (ticker symbol FMC - HoSE), one of Vietnam's largest shrimp exporters, recently announced its 2024 business results.
(seafood.vasep.com.vn) The United States remains one of the largest importers and consumers of Vietnamese pangasius, primarily in the form of frozen fillets. However, in recent years, the country has significantly increased its imports of value-added pangasius products.
(seafood.vasep.com.vn) After reaching a peak of nearly USD 6 million in June 2024, the export value of Vietnamese tuna to Italy has stagnated and continuously declined in the last five months of the year. Cumulatively, by December 15, 2024, export turnover to this market decreased by 18% compared to the same period in 2023, reaching over USD 30 million. With this decline, Italy is no longer Vietnam's largest tuna import market within the EU bloc.
The Mekong Delta province of Tien Giang, with its 32-km coastline, is well-positioned to develop a thriving seafood industry. Recognising the importance of sustainable offshore fishing, local authorities have implemented policies to modernise the fishing fleet and support operations in offshore waters.
(seafood.vasep.com.vn) On the evening of December 23, 2024, in Ho Chi Minh City, the Vietnam Association of Seafood Exporters and Producers (VASEP) held a ceremony to celebrate the seafood export milestone of 10 billion USD, with hopes for continued growth in 2025. The event was attended by Deputy Minister of Agriculture and Rural Development Phung Duc Tien, Deputy Minister of Foreign Affairs Nguyen Minh Hang, and representatives from various ministries, as well as domestic and international partners.
(seafood.vasep.com.vn) With a market share exceeding 10% in Vietnam's aquafeed sector, Sao Mai Super Feed has affirmed its position as one of the leading brands, making a significant contribution to the development of the pangasius industry and elevating Vietnamese pangasius products on the international stage.
Secretary General of the Vietnam Association of Seafood Exporters and Producers (VASEP) Nguyen Hoai Nam said that in the past 5-6 years, Vietnam's seafood export value has only hovered around 8-10 billion USD/year. To reach the value of 16 billion USD by 2030, Mr. Nam proposed establishing corporations/enterprises to exploit the sea.
(seafood.vasep.com.vn) Vinh Hoan Seafood (stock code VHC) announced that its export turnover to three key markets— the U.S., EU, and China—grew between 32% and 40% in November 2024 compared to the same period in 2023.
(seafood.vasep.com.vn) Shrimp exports for the first 11 months of 2024 brought in nearly 3.6 billion USD, up 22% compared to the same period last year. Exports to major consumption markets all recorded double-digit growth.
(seafood.vasep.com.vn) In 2023, total pangasius imports into the European Union saw a significant decline compared to the previous year. Approximately 70,000 tons were imported, 3,000 tons less than in 2022, according to a report from FAO-Globefish.
VASEP - HIỆP HỘI CHẾ BIẾN VÀ XUẤT KHẨU THỦY SẢN VIỆT NAM
Chịu trách nhiệm: Ông Nguyễn Hoài Nam - Phó Tổng thư ký Hiệp hội
Đơn vị vận hành trang tin điện tử: Trung tâm VASEP.PRO
Trưởng Ban Biên tập: Bà Phùng Thị Kim Thu
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