Thanks to the recovery of foreign trade activities, after the economic recession, the two-way trade revenue between Vietnam and Brazil reached roughly US$1.73 billion in the first half of 2017, up 16% compared to the corresponding period in 2016.
Of the total, Vietnam posted export revenues to Brazil at US$1.06 billion, up 46% over the same period in 2016, with import revenues standing at US$665 million, down 13% against the same period in 2016.
According to the Vietnam Trade Counsellor in Brazil, the export of key Vietnamese products to Brazil increased sharply in the first five months of 2017, including phones and electronics equipment up 57%, seafood up 43%, rubber and rubber products up 73%, synthetic fibers up by over 300%, alongside the rise in the export revenue of textiles, steel products, plastics, and food.
The Vietnam Trade Counsellor in Brazil recommended that Vietnamese exporters work closely with their Brazilian partners to deal with increasing trade defence measures and technical barriers faced, while exporting commodities to Brazil.
The Vietnam Import Export Report 2016 showed that Vietnam's key markets in Latin America all posted high trade revenues, including four markets reporting over US$1 billion in trade revenue with Vietnam in 2016, namely Brazil, Argentina, Mexico and Chile.
In particular, Brazil is one of the most important markets of Vietnam in Latin America as it has a large scale and great potential for foreign trade activities.
(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.
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