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) According to statistics from Vietnam Customs, Vietnam's crab export value in March 2024 reached more than 18 million USD, an increase of 66% over the same period last year. Cumulatively, in the first 3 months of the year, export turnover reached more than 52 million USD, up 75% over the same period.
Vietnam's pangasius exports to Brazil reached nearly USD 28 million in the first quarter of 2024, surging by 44% compared to the same period in 2023.
(vasep.com.vn) According to Vinh Long Statistics Department, the whole province currently has 2,119 hectares of aquaculture area, an increase of 1.03% (equivalent to an increase of 21.62 hectares) over the same period last year; Of which the industrial pangasius farming area is 370.8 hectares, an increase of 0.12% or an increase of 0.42 hectares.
(seafood.vasep.com.vn) 2023 was an unsuccessful year not only for Vietnamese but also for Thailand tuna exporters in the Middle East market. Thailand's tuna exports to this market decreased by 21% in value and 27% in volume compared to 2022. Therefore, the Middle East dropped to second position among Thailand's export markets after the US, accounting for 22% of total export turnover in 2023.
Competent ministries, sectors and localities should continue efforts to lift the European Commission’s “yellow card” against the Vietnamese seafood products for illegal, unreported and unregulated (IUU) fishing, as an inspection team of the commission will visit Vietnam soon, Minister of Agriculture and Rural Development Le Minh Hoan.
(seafood.vasep.com.vn) According to data from Vietnam Customs, in March 2024, Vietnamese pangasius export turnover to markets reached 156 million USD, down 14% over the same period. Vietnam pangasius export value in QI/2024 reached 411 million USD, down 3% compared to QI/2023.
(vasep.com.vn) According to data from the Department of Fisheries, as of March 20, 2024, the shrimp farming area reached about 348,670 hectares, including 334,799 hectares of black tiger prawn farming area and 13,871 hectares of white leg shrimp farming area.
(seafood.vasep.com.vn) Vietnam's tuna exports reached around $84 million in March 2024, a 17% rise. Vietnam's total tuna export revenue for the first three months of 2024 was $215 million, up 19% from the same time in 2023 but down 17% from 2022. It is anticipated that tuna exports may miss the billion-dollar mark as in 2022 at this rate and the difficulties the business faces.
Vietnam raked in over US$200 million from exporting tuna to 86 markets worldwide during the first quarter of the year, representing a rise of 19% against the same period from last year.
Vietnam’s pangasius export to the United Arab Emirates (UAE) reached more than 7 million USD in the first quarter of this year, a rise of 67% against the same period last year. UAE mainly imported frozen fillets from Vietnam.
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