In the first 7 months of this year, Vietnam's squid and octopus exports to the EU grew by 3-digits in April and May, and then grew by double digits in the remaining months. In August, due to social distancing to prevent epidemics, squid and octopus exports to the EU decreased by 15% to nearly 5 million USD. However, thanks to good growth in the previous months, Vietnam's cephalopod exports to the EU in the first eight months of the year still increased by 39% to US$38.8 million. This is the market with the best growth among the 5 main import markets of Vietnam's cephalopod.
Under the impact of the EVFTA Agreement, import tax rates on frozen and processed cephalopod products exported to the EU are 0%, and after the Covid-19 pandemic in the world is better controlled, Vietnam's cephalopod exports to EU has recovered well from the beginning of the year so far.
Among EU member countries, Italy, France and Spain are the three biggest importers of Vietnamese squid and octopus. In August 2021, while cephalopod exports to France and Spain decreased by 81% and 40% respectively, exports to Italy still increased by 38% over the same period last year. As of August this year, the export of cephalopods to Italy, France and Spain respectively reached 20.3 million USD; $3.4 million and $3.2 million, up 69%, 15% and 17% over the same period.
According to ITC, the EU market is currently importing cephalopods from more than 50 countries outside the bloc. In which, Vietnam is the 7th largest supplier to the EU market. Spain, Portugal and France are the top 3 importers of cephalopods in the EU in the first 7 months of this year. In the EU market, the demand for squid and octopus in the retail segment is still high; Restaurants and hotels are gradually opening, increasing the demand for this item. Demand for importing cephalopods from Vietnam to the EU remains good from now until the end of the year.
(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.
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