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 outlook for Vietnam’s seafood exports remains positive, with a strong focus on maintaining growth in key markets like China and the U.S., while diversifying into new regions. As global trade policies continue to evolve, adaptability and strategic planning will be key to navigating the challenges ahead.
(seafood.vasep.com.vn) Thanks to improved pangasius prices and higher production, Vĩnh Hoàn's after-tax profit in Q4 2024 reached VND 440 billion, a 4.8-fold increase compared to the same period last year.
(seafood.vasep.com.vn) According to data from Vietnam’s Customs, in Q4 2024, Vietnam’s pangasius exports to China & Hong Kong reached USD 163 million, a 17% increase compared to the same period in 2023, with consistent growth across all months. The total value of pangasius exports to China & Hong Kong for 2024 reached USD 581 million, a 1% increase over the previous year.
Vietnam’s seafood exports are projected to maintain strong growth this year, potentially reaching 11 billion USD.
(seafood.vasep.com.vn) In the final quarter of 2024, Vietnam’s surimi and fish cake exports showed consistent growth over the last three months. For the entire year 2024, exports of these products reached USD 298 million, down 2% compared to 2023. However, the final quarter saw more promising signs for the surimi and fish cake export sector, with some markets experiencing notable growth, such as Thailand, China, and Taiwan. Particularly, exports to Taiwan, which had seen continuous declines in the previous two quarters, surged by 301% in this quarter.
(seafood.vasep.com.vn) Another year of pride for Vietnam's pangasius exports has concluded, reaching over USD 2 billion and contributing 20% to Vietnam's total seafood export turnover.
Vietnam maintained its position as the fifth-largest seafood exporter to Singapore for 12 consecutive months, surpassing Japan for the first time in 2024, amid the intensifying competition in this market.
(seafood.vasep.com.vn) Despite facing numerous challenges in the second half of the year, Vietnam's canned tuna exports concluded 2024 with a 17% increase compared to 2023, reaching USD 299 million. To maintain this growth momentum in 2025, the canned tuna production and export sector requires coordinated efforts from all stakeholders.
SSI forecasts a 28% year-on-year increase in after-tax profit attributable to the parent company of Vinh Hoan Corporation (VHC), driven by a gradual improvement in average selling prices from USD 3.15/kg in 2024 to USD 3.30/kg (+5%) in 2025. An Giang Fisheries Import-Export Joint Stock Company (ANV)'s after-tax profit attributable to the parent company is projected to rebound by 104%.
In 2025, the Mekong Delta province of Bac Lieu aims to earn 1.2 billion USD from exporting shrimp, one of the key export products that accounts for over 95% of its total export value.
VASEP - HIỆP HỘI CHẾ BIẾN VÀ XUẤT KHẨU THỦY SẢN VIỆT NAM
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