Vietnam’s aquatic products have gained the favour of Australian consumers, Secretary of the Australian Department of Agriculture, Water and the Environment Andrew Metcalfe told a workshop on October 1. The event was jointly organised by the Vietnamese Ministry of Foreign Affairs and the Vietnam Association of Seafood Exporters and Producers (VASEP) in both in-person and teleconference formats. To increase Vietnamese aquatic products’ presence in Australia, Metcalfe suggested the two sides step up information sharing and technical assistance, thus helping Vietnamese producers better satisfy quarantine standards set by Australia. Enhancing vaccinations would help Vietnamese and Australian businesses, including those operating in the fishery sector, step up trading activities, the official said. Vietnamese Deputy Minister of Foreign Affairs Vu Quang Minh said Australia has become one of Vietnam’s ten biggest trade partners, adding that Vietnam’s fishery export to the country expanded by 35 percent in the first eight months of this year despite impacts of the COVID-19 pandemic. He used the occasion to thank Australia for its donation of COVID-19 vaccines and medical supplies to Vietnam. Head of the Vietnamese Directorate of Fisheries Nguyen Dinh Luan said Vietnam’s aquatic products have met Global Gap and ASC standards as well as those on product origin. According to VASEP Deputy Secretary To Thi Tuong Lan, Vietnam will intensify technological application, work harder to satisfy requirements on production and environmental protection, boost cooperation with international organisations to supervise production, and step up research to ensure food safety. The participating Australian businesses suggested Vietnamese firms foster cooperation in procedures as prescribed in such agreements as the ASEAN-Australia-New Zealand Free Trade Agreement (AANZFTA), the Comprehensive and Progressive Agreement for Trans-Pacific (CPTPP), and the Regional Comprehensive Economic Partnership (RCEP) to which both countries are signatories. Vietnam needs to quickly apply electronic certification to facilitate its fishery export amid the pandemic spread, they said./.
(seafood.vasep.com.vn) The US remains Vietnam’s largest single market for shrimp imports, accounting for 20% of Vietnam's total shrimp exports globally. As of October 15th, 2024, Vietnamese shrimp exports to the US reached nearly 600 million dollas, marking a 10% increase compared to the same period in 2023.
(seafood.vasep.com.vn) According to Vietnam Customs, pangasius exports to Canada reached over 1 million USD in the first half of October 2024, a 33% decrease compared to the same period last year. However, by October 15, 2024, total pangasius exports to Canada had reached 32 million USD, reflecting a 10% increase compared to the same period in 2023.
(seafood.vasep.com.vn) Cà Mau is accelerating its digital transformation, developing green industries, and promoting high-tech processing of agricultural and aquatic products, with a focus on sustainable economic growth and environmental protection.
(seafood.vasep.com.vn) The Dong Thap Pangasius Festival 2024, themed 'Dong Thap Pangasius: Green Journey - Green Value', will take place on November 16-17 in Hong Ngu City.
The positive business momentum in the domestic seafood sector could last into the first half of 2025, according to experts.
(seafood.vasep.com.vn) In the first three quarters of 2024, brackish water shrimp production exceeded 1.1 million tons, with export revenue reaching $2.8 billion. The seafood industry has set a target of $4 billion for shrimp exports for the entire year.
While the price of 1 kg of shrimp hovers around 20 USD, the value of 1 kg of chitosan—extracted from shrimp—can soar to 500 USD. This highlights a significant challenge within the seafood processing industry.
(seafood.vasep.com.vn) By October, Vietnam's shrimp exports had generated nearly $3 billion, reflecting an increase of over 10% compared to the same period last year. Shrimp remains the leading commodity contributing to the export turnover of the entire seafood industry.
(seafood.vasep.com.vn) Sao Ta Foods Joint Stock Company (FIMEX VN - HoSE: FMC) concluded Q3/2024 with significant growth in revenue. Specifically, Sao Ta Food recorded revenue of VND 2,845 billion, a 58.6% increase year-on-year. The company's profit after tax reached VND 95 billion, up 6.2%.
VASEP's Seafood Export Report for the third quarter of 2024 provides a comprehensive overview of Vietnam's seafood export performance in the first nine months, with impressive results reaching $7.2 billion—an increase of 9% over the same period last year. In the third quarter alone, seafood exports grew by 15%, totaling $2.8 billion. This growth is attributed to a recovery in demand and prices in key markets such as the U.S. and China, as well as the competitive advantage of value-added products in markets like Japan and Australia.
VASEP - HIỆP HỘI CHẾ BIẾN VÀ XUẤT KHẨU THỦY SẢN VIỆT NAM
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