In the first four months of this year, especially since March 2021, the value of shrimp exports to the US market increased sharply by 47-48% over the same period in 2020. Being one of the leading shrimp import markets in the world. The US always attracts a large number of export enterprises. In the first quarter of 2021, there were over 60 Vietnamese shrimp enterprises exporting to the US, in which, 10 large companies accounted for 75% of the total shrimp export turnover of the country. The leader is Soc Trang Seafood Joint Stock Company (STAPIMEX). There are also some other large enterprises such as: Ut Xi, Thong Thuan, Minh Phu Hau Giang.
By the end of April 2021, Vietnam exported to the US many steamed and processed PUD white shrimp products, accounting for nearly 47% shrimp export with an average export price of 10.11 USD/kg. The second largest export product is tempura breaded shrimp, accounting for 16.5%, the average export price is 10.56 USD/kg; Frozen white shrimp (HS code 03061721) accounted for 15%, the average export price was $9.67/kg.
So far, US consumers still prefer processed and value-added shrimp products. In 2020, despite the Covid-19 pandemic, US shrimp imports still increased by 7% over the previous year. According to experts, the US shrimp import trend in the coming years will grow well and stably. By 2027, the shrimp import volume of this country may exceed 1 million tons.
Currently, the deployment of vaccination for the American people is happening rapidly, the production and business activities of this country's enterprises are recovering and stabilizing, it is forecasted that the demand for importing seafood from the US in 2021 will increase. strong. Therefore, this is also a good opportunity that Vietnamese shrimp exporters are taking advantage of to increase exports to the US this year when shrimp production and export of some countries, including India, are facing many difficulties due to Covid.
SSI forecasts a 28% year-on-year increase in after-tax profit attributable to the parent company of Vinh Hoan Corporation (VHC), driven by a gradual improvement in average selling prices from USD 3.15/kg in 2024 to USD 3.30/kg (+5%) in 2025. An Giang Fisheries Import-Export Joint Stock Company (ANV)'s after-tax profit attributable to the parent company is projected to rebound by 104%.
In 2025, the Mekong Delta province of Bac Lieu aims to earn 1.2 billion USD from exporting shrimp, one of the key export products that accounts for over 95% of its total export value.
(seafood.vasep.com.vn) The Report on Vietnam Pangasius Sector 2015–2024, produced and released by the Vietnam Association of Seafood Exporters and Producers (VASEP) in January 2025, is expected to provide enterprises, importers, and government agencies with a comprehensive overview of key developments in Vietnam's pangasius production and export over the past decade. In addition to highlighting achievements, the report identifies existing challenges and analyzes future opportunities and threats for the pangasius industry.
(vasep.com.vn) Overcoming two years of fluctuation in both export markets and domestic production, Vietnam's pangasius industry has demonstrated resilience, adaptability, and a strong determination to seize opportunities and boost exports to various markets. As a result, in 2024, pangasius exports reached USD 2 billion, a 9% increase compared to 2023. This achievement is a source of pride for Vietnam's aquaculture and agriculture sectors.
(seafood.vasep.com) Speaking at a conference to implement the 2025 plan of the Ministry of Agriculture and Rural Development, Prime Minister Pham Minh Chinh urged the agricultural sector to strive for a total export turnover of agricultural, forestry, and fishery products reaching $70 billion by 2025.
With robust production and processing infrastructure, combined with continuous market development efforts, Vietnam’s seafood exports are poised for 10–15% growth in 2025.
In 2025, seafood exports are expected to continue to grow better and could reach 11 billion USD as in 2022. However, this is also the year the seafood industry will face challenges, including increased competition from other countries, trade wars and market barriers...
(seafood.vasep.com.vn) On the afternoon of December 25, at Toan Thinh Conference Center (Soc Trang City), the Soc Trang Fisheries Sub-department, under the Department of Agriculture and Rural Development of Soc Trang, held a conference to review the 2024 aquaculture activities and outline the brackish water shrimp farming plan for 2025. The event was attended by Ms. Quach Thi Thanh Binh, Deputy Director of the Department of Agriculture and Rural Development of Soc Trang.
The Mekong Delta province of Soc Trang aims to achieve export value of over 1.9 billion USD in 2025 by boosting production and processing of key products such as seafood, high-quality rice, fruits, and garments.
The UK-Vietnam Free Trade Agreement has significantly boosted Vietnamese seafood exports, with shrimp and pangasius leading the charge in the UK market.
VASEP - HIỆP HỘI CHẾ BIẾN VÀ XUẤT KHẨU THỦY SẢN VIỆT NAM
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