Regarding the export market, China alone decreased by 36% to 27 billion, exports to most of the remaining countries increased significantly. In which, exports to Europe increased by 20%, reaching VND 131 billion - accounting for the third largest proportion and exports to the US increased by 25% to VND 332 billion - accounting for the second largest proportion in the structure of export revenue in the first month of the year.
In contrast, compared to the previous month, December 2021, the total revenue recorded a decrease of 13%, especially the Chinese market showed significant signs of decline when revenue decreased by 84%, from 162 billion to only 27 billion VND.
Looking back at 2021, Vietnam's pangasius export industry faces many difficulties due to the Covid-19 pandemic as well as the hot increase in freight rates... Nevertheless, the pangasius industry still fulfills its target for the whole year: This is also a premise to expect pangasius exports to continue to expand in 2022, bringing Vietnam's competitiveness index up in the market.
In recent days, raw pangasius has been in a strong uptrend. According to observers, in Can Tho city and many provinces such as An Giang, Dong Thap, Ben Tre... fish farmers sold to processing factories for 26,000-27,000 VND/kg, while in the same period last year the price was only at around 20,000 VND/kg. In which, the price of raw pangasius increased due to many companies promoting purchasing for export processing and preparing goods to serve the increasing market demand. The supply of raw pangasius in many localities decreased because people reduced farming, creating conditions for prices to move up.
(seafood.vasep.com.vn) Vietnam's tuna exports reached around $84 million in March 2024, a 17% rise. Vietnam's total tuna export revenue for the first three months of 2024 was $215 million, up 19% from the same time in 2023 but down 17% from 2022. It is anticipated that tuna exports may miss the billion-dollar mark as in 2022 at this rate and the difficulties the business faces.
Vietnam raked in over US$200 million from exporting tuna to 86 markets worldwide during the first quarter of the year, representing a rise of 19% against the same period from last year.
Vietnam’s pangasius export to the United Arab Emirates (UAE) reached more than 7 million USD in the first quarter of this year, a rise of 67% against the same period last year. UAE mainly imported frozen fillets from Vietnam.
(seafood.vasep.com.vn) According to data from General Department of Vietnam Customs, the UK imported nearly $3 million worth of pangasius from Vietnam in the first half of March 2024. Cumulative pangasius exports to this market reached $12 million as of March 15, 2024, down 3% from the same period last year.
Total export revenue from agro-forestry-fisheries products in the first three months of this year is estimated at 13.53 billion USD, up 21.8% over the same period last year; and this results in a trade surplus of 3.36 billion USD, a rise of 96.5%, according to the Ministry of Agriculture and Rural Development (MARD).
The southernmost locality is developing shrimp farming models that generate large outputs but are environment-friendly.
(seafood.vasep.com.vn) An Giang province's aquaculture output is predicted to reach 172.3 thousand tons in the first quarter of 2024, up 6.37% (+10.3 thousand tons) from the same time the previous year.
(seafood.vasep.com.vn) According to data from Vietnam Customs, as of March 15, 2024, Vietnam's cephalopod exports reached more than 109 million USD, a slight decrease of 3% compared to the same period in 2023. In the first quarter of this year, Vietnam's cephalopod exports are expected to reach about 136 million USD, down 2% over the same period last year.
(vasep.com.vn) According to statistics from the International Trade Centre (ITC), Portugal is the 6th largest tuna importer in the EU. In 2023, the country's tuna imports from other countries increased by 9% compared to 2022, reaching nearly 241 million USD.
(vasep.com.vn) Vinh Hoan Corporation has just announced supplementary documents for the 2024 Annual General Meeting of Shareholders, scheduled to be held on April 17.
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