(seafood.vasep .com.vn) The return of Donald Trump to the White House for a second term will bring significant impacts on Vietnam, particularly its pangasius export sector. Trump's economic policies, such as raising import tariffs, reducing corporate income taxes, and attracting foreign direct investment (FDI) back to the US, are expected to directly influence various industries in Vietnam.

(seafood.vasep.com.vn) The Comprehensive Economic Partnership Agreement (CEPA) between Vietnam and the United Arab Emirates (UAE) was signed after just over a year of negotiations. With high demand for premium seafood in the UAE, particularly for shrimp and tuna products, Vietnam’s tuna industry is expected to gain increased export opportunities and higher product value thanks to the preferential terms of the CEPA.

(seafood.vasep.com.vn) According to market trends, starting in Q3, importers typically ramp up purchases to prepare for the holiday season and year-end festivities. U.S. consumer spending is expected to recover in the second half of 2024 compared to the same period last year, which could positively impact the value of Vietnam's seafood exports to this market.

According to Vietnam Customs, the export of value-added pangasius in the first eight months of 2024 has been evaluated as quite positive, with continuous growth in many major markets such as the United States, CPTPP, and the Netherlands...

(seafood.vasep.com.vn) South Korea remains the largest consumer of Vietnam's cephalopod, accounting for over 40% of the total export value. In the first six months of this year, cephalopod exports to this market reached 114 million USD, a 13% increase compared to the same period last year. In the second quarter of 2024, cephalopod exports to South Korea reached 58 million USD, up 13% year-on-year.

(seafood.vasep.com.vn) Vietnam aquaculture production experienced a steady 3.4% growth in July 2024, reaching an estimated 490,700 tons.

Vietnam's shrimp exports grew in the first half of this year, but the market is facing competition from other countries in the world.

(seafood.com.vn) Over the past 3 consecutive months, Vietnam’s tuna exports to South Korea have been growing at a triple-digit rate. Notably, tuna exports to this market in June reached a record high. The export value to this market reached nearly $6 million, nearly 6 times higher than the same period in 2023.

(seafood.vasep.com.vn) According to Vietnam Customs data, Vietnam’s crab exports have been growing steadily since the beginning of 2024. Just in June 2024 alone, the import value increased by 71% compared to the same period in 2023, reaching $28 million. In the first 6 months of 2024, the cumulative export turnover reached $125 million, up 75%.

(seafood.vasep.com.vn) Vietnam’s value-added pangasius is one of the most preferred products in many markets, in addition to the main product of frozen pangasius fillets. In the first half of this year, Thailand, the UK, and Australia were recorded as the top 3 markets that consumed the largest volumes of Vietnam's value-added pangasius.

(seafood.vasep.com.vn) According to Vietnam Customs data, in Q2/2024, Vietnam's pangasius exports to the Chinese and Hong Kong markets reached $146 million, up 6.5% compared to the same period in 2023. Hong Kong alone imported over $7 million worth of pangasius from Vietnam, down 11% compared to the same period last year.

(seafood.vasep.com.vn) In the first half of 2024, seafood exports reached nearly $4.4 billion, an increase of nearly 6% compared to the same period in 2023. Of this, shrimp exports accounted for over 37% at $1.64 billion, pangasius accounted for 21% at over $918 million, tuna accounted for 10.7% at $471 million, cephalopod accounted for 6.6% at $289 million, and other types of finfish accounted for nearly 20% at $865 million. Most of the major products saw an increase in export value compared to the same period last year: shrimp and pangasius increased slightly by 6% and 5% respectively, crab and swimming crab exports saw the strongest growth at 75%, and tuna exports increased by 23%. On the other hand, cephalopod exports declined slightly by 1% and other types of finfish declined by nearly 6%.

(seafood.vasep.com) Statistics for the first 6 months of the year show that, for the first time in two consecutive quarters, Vietnam's seafood exports have maintained their position as Singapore's 5th largest partner. This demonstrates the important role of Vietnamese seafood in this market.

Statistics in the first half of this year show that for the first time, Vietnam’s fishery products maintained its position as the fifth largest partner in Singapore for the second consecutive quarter.

(seafood.vasep.com.vn) According to data from Vietnam Customs, in the first half of May 2024, Vietnam's pangasius exports to Colombia reached nearly USD 1.6 million, up 140% compared to the same period last year. As of May 15, 2024, cumulative pangasius exports to this market reached USD 16 million, up 34% compared to the same period in 2023.

(seafood.vasep.com.vn) Vietnam's fish cake and surimi exports are still weak in Q2/2024. Fish cake and surimi exports decreased 11% in April compared to the same month the previous year, according to data from Vietnam Customs. Exports of this product totaled approximately $83 million in the first four months of this year, which is 12% less than the same time previous year.

Vietnam's pangasius exports to Brazil reached nearly USD 28 million in the first quarter of 2024, surging by 44% compared to the same period in 2023.

(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.

(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.

(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.