In the first month of the year, Vietnam shrimp shipment to these three markets dropped drastically, in which exports to Japan fell more than 12 percent, to the U.S. fell 22.6 percent and to EU sank 46.3 percent. In Feb 2012, shrimp delivery to three markets marked strong growth of 50.4 percent, 32.3 percent and 32.2 percent, respectively.During two first months, Vietnam shrimp exports to other markets like South Korea, China or Australia showed stable growth. In Jan-Feb 2012, shrimp exports to South Korea was up 56.9 percent and to Australia up nearly 92 percent.
Vietnam shrimp packers have a trend of boosting export to Asian markets due to instable consumption and import demand of traditional markets. Some Vietnam shrimp exporters said that they shifted to South Korea due to its high consumption demand.
Shrimp exports to other Asian markets showed positive growth. In Jan-Feb 2012, Vietnam shrimp shipment to Malaysia was up to 177.8 percent. Vietnam shrimp exports to Australia in Feb 2012 also surged sharply, reversing trend of some years ago. 100 percent of raw shrimp entering Australian market must be quarantined by local country to prevent disease. This has been the biggest barrier for Vietnam exporters when they penetrated into Australia. However, Vietnam shrimp exporters currently supply less raw shrimp but more value-added products. Therefore, Australia is considered an attractive destination for Vietnam shrimp.
In the first two months of 2012, Vietnam shrimp exports in general remained good performance. According to Vietnam Customs, Vietnam shrimp export value in the first two months this year touched over US$257 million, up 6.6 percent from that of the same period last year.
(seafood.vasep.com.vn) Vietnam’s shrimp exports reached $394 million in October 2024, up 24%. In the first ten months of this year, shrimp exports brought in $3.2 billion, up 13% compared to the same period last year. Exports to all major markets recorded double-digit growth in October.
International Development and Investment Corporation (IDI), a key member of the Sao Mai Group, has consistently ranked among the largest seafood producers and exporters in Vietnam.
(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.
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