China & Hong Kong, Japan, the United States, Canada, and South Korea were the top five import markets for Vietnamese crabs and other crustaceans as of the end of September 2024, accounting for more than 96% of total export value.
In the Chinese market, where live Vietnamese crabs are popular, the export volume of crabs to China in the first nine months of the year soared, increasing by 784% compared to the same period in 2023.
In Japan, Vietnam's second-largest import market, crab exports remained at a similar level as the previous year. Currently, seafood consumption in Japan, including crabs and other crustaceans, is at a record low due to high prices. The price of seafood in Japan has increased by 40% in recent years, much higher than the increase in meat prices.
Along with China and Japan, the U.S. is also a major market for Vietnamese crab and other crustacean exports, accounting for nearly 23% of total export value. However, export value to the U.S. has been declining for the past three months. Nevertheless, thanks to strong growth in earlier months, exports to the U.S. in the first nine months of the year still increased by 8% compared to the same period.
According to businesses, Vietnamese crab products remain popular in many markets due to their high quality, free from antibiotics and harmful bacteria. As a result, exports of this product group are expected to continue growing in the final months of the year as the holiday season approaches.
According to the Board of Directors' report, IDI successfully maintained its traditional customer base in 2024 while expanding into high-potential markets, particularly the United States, benefiting from a significant reduction in anti-dumping duties.
Recently, Vietnam's La Vong fish cake was ranked number 1 in the list of the world's best white fish dishes by the world-famous culinary website Taste Atlas.
Currently, many households in the suburbs of Ca Mau City are implementing a fairly effective pangasius farming model, bringing in a stable source of income. Unlike the industrial scale in other provinces in the region, the pangasius farming model here is quite simple, low-cost, and is considered a promising direction for farmers.
Over 200,000 ha of Vietnam's shrimp farms are cultivated organically and ecologically, certified by international organizations.
Vĩnh Hoàn Corporation (stock code: VHC – HoSE) has outlined an ambitious business plan for 2025, targeting revenue of VND 13,800 billion (up 10.3% from 2024) and after-tax profit of VND 1,500 billion (up 22.3%). This follows a successful 2024, where the company recorded revenue of VND 12,513 billion (exceeding 109% of the plan) and after-tax profit of VND 1,226 billion (surpassing 123% of the VND 1,000 billion profit target). The 2025 Annual General Meeting of Shareholders is scheduled for April 24 in Ho Chi Minh City to discuss these plans.
Sa Giang Import-Export Corporation continues to assert its position as one of the leading export enterprises in Đồng Tháp, achieving a revenue of thousands of billions of VND from shrimp crackers and rice paper in the past year.
(seafood.vasep.com.vn) After three years of implementation, the UK-Vietnam Free Trade Agreement (UKVFTA) has yielded positive results for Vietnam’s tuna exports. The United Kingdom officially became a member of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) on December 15, 2024. This is expected to bring significant benefits for seafood enterprises, particularly in terms of tariffs and intra-bloc origin regulations - especially for tuna products.
On March 3, Sa Giang and Citek officially launched a comprehensive enterprise digital transformation project using the GROW with SAP solution.
(seafood.vasep.com.vn) According to the Action Plan to implement the growth targets for agriculture, forestry, and aquaculture from the Bình Định Department of Agriculture and Environment, which has just been issued, the goal for 2025 is to achieve an overall GRDP growth rate for the entire sector from 3.6% to 3.8%, with the highest effort to reach a growth rate of 3.8%.
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