The information was stated by Deputy Prime Minister Le Minh Khai at the opening of Ca Mau Shrimp Festival and the 2023 OCOP Mekong Delta forum ceremony on December 10.
Vietnam's GDP growth in 2023 is estimated at over 5%, although lower than the targeted 6.5%, it is still high compared to other countries in the region and the world. Of which, the agriculture, forestry and fishery sector increased by 3.4%, continuing to be an important pillar of the economy during difficult times.
The Deputy Prime Minister said Vietnam has become the second largest shrimp supplier in the world, exporting to about 100 countries. Ca Mau province alone has contributed 1 billion USD in shrimp exports (accounting for 28% of the country and maintaining at 1 billion USD in the last three years).
Ca Mau shrimp industry has maintained its position in the world market, exporting to more than 60 countries and territories. "In addition to super-intensive farming, the province also has sustainable farming models such as shrimp-forest, shrimp-rice that meet ecological and organic standards," the Deputy Prime Minister emphasized.
To develop effectively and add value, the agricultural sector in general and Ca Mau in particular need to focus on developing the agricultural ecosystem, including the shrimp industry ecosystem; in addition to building a green economy and circular economy in agriculture, contributing to environment protection and reducing greenhouse gas emissions.
According to Vietnam Association of Seafood Exporters and Producers (VASEP), inflation is decreasing in all major European countries, however, demand is still weak. Meanwhile, shrimp demand in Southeast Asia and the Middle East is expected to improve towards the end of the year due to Christmas and Lunar New Year holidays. An increase in prices is expected during this period as total output is seasonally low.
The organizing committee said that within the 2023 Shrimp Festival, there will be many activities that promote the achievements, potential of the shrimp industry and introduce products of Ca Mau and other Mekong Delta provinces. This event is also an opportunity for businesses to promote their brands and trade activities.
Prominent in this series of activities is the exhibition and trade space with 400 booths showcasing shrimp industry and OCOP products. In addition, there are conferences and seminars regarding the shrimp industry and shrimp farming.
The US is the top import market for Vietnamese shrimp and tuna and ranks as the second largest for pangasius (tra fish).
(seafood.vasep.com.vn) Brazil is a promising market for Vietnamese seafood, with exports reaching nearly $130 million in 2024, primarily driven by pangasius. High consumption demand, domestic supply shortages, and relaxed import standards create significant opportunities. Vietnam can leverage competitive pricing, bilateral trade cooperation, and MERCOSUR negotiations to expand market share.
As the EU strengthens its controls on inorganic arsenic in imported seafood, Vietnamese exporters are being warned not to be complacent and are actively adjusting to maintain market access, with enhanced quality control measures to ensure compliance.
(vasep.com.vn) According to the General Statistics Office, Vietnam's total fishery output in the first quarter of 2025 is estimated at 1,993.4 thousand tons, an increase of 2.8% compared to the same period last year. Of this, fish accounted for 1,480.3 thousand tons (up 2.9%), shrimp reached 202.4 thousand tons (up 4.6%), and other fishery products totaled 310.7 thousand tons (up 1.5%).
Vietnam’s pangasius industry is poised for a promising outlook in 2025, driven by rising export demand. According to a Rabobank report, pangasius is among the fastest-growing seafood species, with global production projected to increase by 7% year-over-year, reaffirming Vietnam's position as the world's largest producer.
Sao Ta Foods (stock code: FMC) has set a target to sell 22,000 metric tons of shrimp this year and has outlined a proactive strategy to address risks related to anti-dumping and countervailing duty investigations in the U.S. market.
(seafood.vasep.com.vn) Vietnam’s exports of shelled mollusks recorded impressive growth in the first two months of 2025, reaching USD 41 million—an increase of 132% compared to the same period in 2024 (USD 18 million).
According to the Vietnam Association of Seafood Exporters and Producers (VASEP), in the first two months of 2025, Vietnam's shrimp exports recorded positive signs with strong growth in a number of important markets, of which lobster exports to China increased sharply.
In recent years, the agricultural and environmental sectors and localities in the province have created favorable conditions to develop and effectively maintain seafood chains, increasing income for people in rural areas.
(seafood.vasep.com.vn) According to Vietnam Customs, the country’s pangasius exports regained growth momentum in February 2025. Export value reached USD 150 million, marking a 66% increase compared to February 2024. Cumulative pangasius export revenue for the first two months of the year totaled USD 284 million, up 11% year-on-year.
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