On March 12, at the Boston Convention and Exhibition Center in Massachusetts (USA), the North American Seafood Fair opened with the participation of hundreds of world's leading enterprises in the seafood processing and exporting industry.
Vietnamese stalls made a strong impression on international guests.
According to the Vietnam News Agency correspondent in the US, this is North America's largest annual event on seafood trade, bringing together many companies specializing in this field, organizations and services related to the seafood industry around the US and the world.
After being affected by the COVID-19 pandemic, this year's fair has the participation of hundreds of large seafood export companies from many US states and abroad such as Canada, Brazil, Japan, and India, Scotland, Ireland, Norway, Spain and Vietnam to provide customers buying seafood in North America with direct access to suppliers, expanding partner networks, and experiencing new products.
According to the Vietnam Association of Seafood Exporters and Producers (VASEP), there were 17 enterprises participating in the North American Seafood Fair this year.
Ambassador Dang Hoang Giang (fourth from right), met leaders of VASEP)and representatives of businesses participating in the fair. (Cre: Quang Huy/VNA)
This activity is within the framework of the "National Trade Promotion Program 2023" to support SMEs enterprises to access and export to one of the most "demanding" export markets.
Businesses display virtually every type of seafood, related product and service currently consumed in the North American market, including fresh/ frozen fish and seafood, and premium seafood, processed and packaged seafood, seafood processing and packaging equipment, transportation services and seafood related services.
Many of Vietnam's exports have made a good impression on international friends and partners.
Sharing with the Vietnam News Agency correspondent in the US, Ambassador Dang Hoang Giang, Head of the Permanent Mission of Vietnam to the United Nations, expressed his pleasure at witnessing the large participation of Vietnamese seafood enterprises.
The ambassador said that this proves that Vietnam’s seafood exports have a strong foothold in a demanding market like the North US.
The Ambassador also said that although the challenge is great and facing stiff competition from international companies, the development prospects of Vietnamese seafood enterprises in the US market, especially in the North, is very bright.
Ms. Nguyen Thi Thu Sac, Chairwoman of the VASEP, the increase in the number of Vietnamese enterprises participating in this year's fair is because of the demand for promoting their products, brands and finding the way to "return" to the North American market after the COVID-19 pandemic.
Mr. Roosbeh Ghorban, CEO of GhorbanGlobal, one of Germany's major seafood importers, said he was impressed with the scale of this year's fair. He came here to look for new sources from the US market, the Asian market, including Vietnam.
Roosbeh said that he is a fan of Vietnamese seafood products and GhorbanGlobal company has more than 20 years of importing products from Vietnam.
The US is the key export market of Vietnamese seafood. Vietnamese seafood exports to this market in 2022 reached the milestone of USD 2.1 billion, accounting for 20% of Vietnam's total seafood export value.
Shrimp and pangasius products contributed the most to the impressive seafood exports result in 2022. Shrimp exports accounted for more than 39%, reaching 4.3 billion USD; pangasius exports accounted for nearly 23%, reaching 2.44 billion USD.
Compared to 2021, shrimp and pangasius exports increased by 11% and 51% respectively; tuna and other seafood reached USD 1 billion and USD 3.2 billion, respectively.
Compiled by Thuy Linh
(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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