Addressing a recent conference to review the sector’s performance in 2018 and launch tasks for 2019, Minister Cuong asked the sector to increase its production value by 4.25 percent with total productivity of 7.9 million tonnes.
Besides, the Directorate of Fisheries was requested to focus on implementing the Law on Fisheries and developing the sector in line with planning.
In 2018, export turnover of aquatic products hit 9 billion USD, a year-on-year increase of 8.4 percent.
Deputy Minister of Agriculture and Rural Development Phung Duc Tien said Vietnam recorded its highest fishery production ever in 2018 with 7.74 million tonnes, up 7.2 percent year-on-year.
Export revenue of tra (pangasius) fish saw breakthrough growth, hitting 2.26 billion USD, up 26.4 percent.
Exports of seafood also strongly increased, with tuna shipments reaching 675 million USD (up 13.9 percent), other fish groups - 1.52 billion USD (up 15.5 percent), and the molluscous group – 785 million USD (up 9.1 percent).
Tran Dinh Luan, Vice General Director of the Directorate of Fisheries said Vietnam’s aquaculture area in 2018 was 1.3 million hectares, up 6 percent.
2018 was a prosperous year for the Vietnamese tra fish industry, with its cultivation area hitting 5,400 ha, up 3.3 percent compared to 2017.
Farming areas and processing plants of tra fish in Vietnam have received praise from inspection delegations from the US Department of Commerce, making it easier for the products to access the US market.
For the shrimp industry, in the context of a sharp drop in material shrimp price in late May, the Directorate of Fisheries recommended shrimp farmers comply with technical standard and took to value chains to reduce risks.
Regarding offshore fishing, Vietnam has 95,847 fishing ships, with 98.6 percent wooden-shell fishing vessels. A total 82 fish ports are operating in 27 coastal provinces and cities nationwide, while 58 storm shelter areas were built in 24 provinces and cities with maximum capacity of 42,464 fishing boats.
VNA
(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.
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