This positive result is thanks to the easing of social distancing and reopening in localities from October 1 to restore production.
Exports of most major aquatic products recorded positive growth: tuna and cephalopod exports both increased by 18%, crabs increased by 13%, shrimp increased by 1.6%. The growth figures show that seafood export production is gradually stabilizing and recovering clearly.
Particularly, pangasius exports still fell by 18% in October, reaching only 139 million USD, due to a lack of raw materials and pangasius production and processing activities in localities were still moderate due to the impact of the Covid epidemic.
In October 2021, Vietnam's seafood exports to the US recovered the most, increasing by 31%, to the EU by 9%, to South Korea by 20%, and to Canada by 17%. However, exports to China continued to fall deeply by 43%.
By the end of October 2021, the country's seafood exports reached US$7.1 billion, a slight increase of 2.4%, of which shrimp reached US$3.2 billion, up 2.6%, and pangasius reached 1.2 billion USD equivalent to the same period last year, tuna reached 598 million USD, up 10%, cephalopod reached 475 million USD, up 4.5%, other fish decreased by nearly 1% to 1.36 billion USD. Particularly, bivalve molluscs maintained a high growth rate of 39% after 10 months, reaching 113 million USD.
The US accounted for 24% of turnover with nearly 1.7 billion USD, up 25% over the same period, Japan accounted for 15% with 1.08 billion USD, down 7%. China and the EU both accounted for 12% with a value of USD 872 million, down 24% and USD 864 million, up 7% over the same period last year. Exports to South Korea accounted for 9%, reaching US$643 million, up slightly by 2%.
Demand from import markets is still high, seafood processing production is recovering and will grow again in the next 2 months because vaccination rates in the Mekong Delta provinces increase rapidly, limiting the impact. of the Covid epidemic.
(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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