(seafood.vasep.com.vn) VIETFISH 2023 will officially take place at the Saigon Exhibition and Convention Center from August 23 to 25, 2023, with the theme: 'Quality Connected Destination.' The event marks a 24-year journey of the VIETFISH and is also the starting point for a new and energetic journey.

(Seafood.vasep.com.vn) Sao Ta Food JSC (stock code FMC - HoSE) has just announced its business results in July 2023 with overall sales of US$ 21.3 million. The above sales are equivalent to the same period last year, but compared to June 2023, sales have increased by 18%. This is also the highest revenue in nearly 1 year of this business.

(seafood.vasep.com.vn) In the first half of 2023, Vietnam's seafood industry faced difficulties due to a struggling economy. High inflation led to less seafood consumption, reduced import demand, and increased competition between Vietnam and other seafood exporters. This caused a 27% drop in seafood exports compared to the same period last year.

(seafood.vasep.com.vn) According to statistics of the US Department of Agriculture, imports of frozen tuna meat/loin (HS code 03048700) into this market in the first 5 months of 2023 were still lower than the same period of the same period, reaching more than 13 thousand tons, worth 170 million USD, down 38% in volume and 42% in value.

(seafood.vasep.com.vn) According to data from Vietnam Customs, Vietnam's shrimp exports to China & HK in the first half of this year reached US$280 million, down 16% over the same period. June is the first month since the beginning of this year Vietnam's shrimp exports to China & HK recorded an increase over the same period last year, up 16% to US$67 million. Since March of this year, the monthly rate of decline has also narrowed.

(seafood.vasep.com.vn) Navico has officially signed a cooperation agreement to consume fish products with the retail chain Bach Hoa Xanh. This move is expected to help Navico increase sales in the domestic market, and help Bach Hoa Xanh diversify its fresh product portfolio.

(seafood.vasep.com) The "Shrimp Industry Summit 2023" (2023 Shrimp Summit) took place from July 24 to 26, 2023, in Ho Chi Minh City.

(seafood.vasep.com.vn) The UAE imports around 250,000 tons of seafood/year, worth 750-800 million USD. The top 4 suppliers are India, Thailand, Norway, and Vietnam, with India holding a dominant market share of 20%-24%, primarily in frozen shrimp. Vietnam's share is 6%-9%, mainly in frozen pangasius fillets.

(seafood.vasep.com.vn) According to statistics of Vietnam Customs, by the end of June 2023, Vietnam's pangasius exports to China and the US reached 281 million USD, down 34% compared to the same period last year.

(seafood.vasep.com.vn) Vietnam's seafood export turnover in the second quarter of 2023 reached over 2.3 billion USD, 30% higher than the first quarter. However, compared to the same period in 2022, the negative growth rate of 27.5% remained unchanged from the first quarter. Therefore, by the end of the first half of this year, seafood exports were 27.5% lower than the same period last year, reaching 4.15 billion USD. While exports to most markets such as the US and EU decreased significantly (down 46% and 33% respectively), exports to the CPTPP bloc still had more positive results.