(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.

(seafood.vasep.com.vn) 2023 is a challenging year for the Vietnamese tuna industry, with raw tuna prices rising and demand in major markets falling. Therefore, from the beginning of the year, Vietnam's tuna exports have continuously declined over the same period.

(seafood.vasep.com.vn) Under Document No 5631, the eligible borrowers of this credit package are customers who have projects or plans to serve production and business activities in forestry and fishery areas.

(seafood.vasep.com.vn) In the first 6 months of 2023, Vietnam's shrimp exports reached 1.5 billion USD, down 32% over the same period. Market demand, raw shrimp prices and export prices all went down, inflation increased, and strong competition with other suppliers made Vietnam's shrimp exports difficult in the first half of 2023. Shrimp farmers and businesses are still expecting more positive signals for shrimp production and export activities in the second half of this year.

(seafood.vasep.com.vn) Vietnam's pangasius exports in June 2023 reached 143 million USD, down 33% over the same period last year.

(seafood.vasep.com.vn) Ca Mau province has set a target for total aquaculture production to reach 570,000 tons by 2030, the growth rate of aquaculture output to reach an average of 3.93%/year.

(seafood.vasep.com.vn) After a decline in April 2023, Vietnam's tuna exports to the EU increased again in May, up 15% over the same period in 2022. However, this increase can not compensate for losses in the previous months. Therefore, Vietnam's tuna exports in the first 5 months of 2023 still decreased slightly by 4% compared to the same period last year.

(seafood.vasep.com.vn) According to data from Vietnam Customs, as of June 15, 2023, Vietnam's shrimp exports to the US reached 257 million USD, down 41% over the same period in 2022.