At the exhibition held from April 25-27, Vietnam’s pavilion with the theme “Vietnam - Asia’s home of seafood” is displaying products of 25 aquatic and seafood product processing and export companies, including pangasius, shrimp, tuna, tilapia, octopus and squid.
The pavilion has attracted many foreign businesses which came and shared experience in trading aquatic and seafood products.
In the context of a pangasius crisis in Spain and the Carrefour supermarket chain ceasing to sell Vietnamese pangasius, the Vietnam Association of Seafood Exporters and Producers (VASEP) and the Ministry of Agriculture and Rural Development held a press conference at the exhibition to provide clear information about Vietnam’s pangasius processing and exports to European partners.
In his interview with Vietnam News Agency correspondents, VASEP General Secretary Truong Dinh Hoe said that the press conference aimed to create a correct information channel to deal with the communication crisis on pangasius, aiming to increase the export of Vietnamese aquatic and seafood products to Europe.
Alfons van Duijvenbode, a Dutch consultant, said that European consumers have a bad impression of Vietnamese pangasius due to wrong information in social media.
He suggested the Vietnamese aquaculture industry and enterprises interact more with consumers to provide them with exact information about the products’ quality.
Also at the event, Vietnam held other trade promotion activities, including a dialogue for shrimp value chains and a programme for visitors to try Vietnamese seafood.
The Seafood Expo Global, the biggest of its kind in the world, drew the participation of over 1,600 exhibitors from 77 countries and territories this year. It is expected to attract more than 26,000 visitors and exporting and trading enterprises from 144 nations and territories.
Source: VNA
(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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