According to the report of Vinh Long Department of Agriculture and Rural Development, although seafood export in the first 9 months of 2010 has faced many difficulties, seafood feed price continuously rose uncorrespondingly to pangasius price, drought and heat prolonged, water level in rivers and canals was lower, salty penetration got deeper; under the great direction efforts of Agriculture and Rural Development sector in accordance with raiser’s efforts and enterprise’s activeness and creation, aquaculture in the provincial area have continued to develop strongly. Both farming area and production increase compared to the same period of last year and are likely to achieve the annual plan. The total farming area up to now is 2,475 ha (reaching 99% of the plan, up 289 ha over the same period last year), the output of the 9 months of 2010 has reached 102,250 tons (accounting for 81.5% of the plan, an increase of 19,048 tons against the same period of last year). The most remarkable is aquaculture in cages and rafts with 655 ones (achieving 119% of the plan, up 130 ones including 518 ones of being farmed). Fisheries farming area in canals and rice field mixture ….are quite large with 2,073 ha. Despite of facing the difficulties because pangasius price is not higher than production cost, farners still maintain 402 ha of ponds and trenches of 304 pangasius farming households (in which 275 ha of ponds and trenches are being farmed currently) with the production of 89,200 tons (up to 19,513 tons compared to the same period of last year).
It is estimated that seafood demand in the last months of the year will increase both domestically and internationally, while the aquaculture and fishery output of importing countries reduce remarkeably in winter. This is the favorable condition to promote aquaculture to meet domestic and international demands. Therefore, the main aquaculture output of the province is likely to reach the annual plan of 133,200 tons (in which pangasius production of 107,800 tons).
(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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