Top 20 largest seafood exporters in Vietnam

(vasep.com.vn) In 2011, the top 20 largest seafood exporters in Vietnam represented nearly 30 percent of total export value. In which, the majority are members of Vietnam Association of Seafood Exporters and Producers (VASEP), including Minh Phu Seafood Corp and Vinh Hoan Corp, two elite companies in Vietnam fishery industry.

Over consecutive years, Minh Phu Seafood Corp has held the leading position in terms of seafood export revenue. While Vinh Hoan Corp, specializing in pangasius export, achieved remarkable progress and great business results in 2011.

Among the first 10 companies in the top, there are six shrimp companies including Minh Phu Seafood Corp, Quoc Viet Co., Ltd, Stapimex, Fimex VN, Phuong Nam Co., Ltd, CASES; the other four are pangasius exporters like Vinh Hoan Corp, Hung Vuong Corp, Agifish and Anvifish Co.

Yueh Chyang Co. and Nha Trang Seafoods F17 were in the second half of the top. They are exporters of tuna and other marine products which kept stable operation in the early 2011. In the last year, marine fish processors faced difficulties of limited raw material supply. In 2012, marine fish exporters must be moreactive in processing, trading and exporting operations to gain their targets.

Also this year, seafood export will face rising challenges as the result of unrecovered global economy, low demand for many seafood items and unsuitable policies which weakened competitiveness of Vietnam companies.

The 20 biggest seafood exporters, which contributed to the export record of US$6.1 billion in 2011, were as follows:

No.

Companies

Value (US$)

Proportion (%)

1

Minh Phu Seafood Corp

348,887,304

5.70

2

Vinh Hoan Corp

150,790,182

2.46

3

Hung Vuong Corp

123,524,901

2.02

4

Quoc Viet Co., Ltd

102,475,531

1.68

5

Stapimex

98,022,872

1.60

6

Fimex VN

86,679,802

1.42

7

Agifish

84,044,045

1.37

8

Anvifish Co

83,143,028

1.36

9

Phuong Nam Co., Ltd

74,080,653

1.21

10

Cases

74,052,564

1.21

11

Nha Trang Seafood F17

71,021,457

1.16

12

Sea Minh Hai

68,735,364

1.12

13

Utxico

65,907,263

1.08

14

Camimex

62,142,007

1.02

15

Thuan Phuoc Corp

57,819,593

0.95

16

Yueh Chyang Co

55,979,730

0.92

17

South Vina

55,669,010

0.91

18

Navico

53,688,702

0.88

19

Havico

52,827,977

0.86

20

Cuu Long Seapro

52,125,813

0.85

Total

1,821,617,798

29.77


Comment

SPECIALIST ON TUNA MARKET

Ms Van Ha

Email: vanha@vasep.com.vn

Tel: +84 24 37715055 (ext. 216)

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