Rising shipping costs, trade defence lawsuits and the European Commission’s yellow card on illegal, unreported and unregulated fishing (IUU) are having a strong impact on Vietnamese seafood exporters.

Tuna exports are projected to reach 456.8 million USD in the first half of 2024, a year-on-year increase of 20%, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

Sour fish soup, mussel rice, La Vong fish cake, dried squid, stir-fried crab vermicelli, and jellyfish vermicelli are among the Vietnamese dishes recognized in the list of "The Best Seafood Dishes in Southeast Asia" by TasteAtlas.

As a pangasius exporter with the second largest closed production chain in the world, NAVICO (Nam Viet Corporation, stock code ANV) aims to increase net profit this year 8 times more than last year.

(seafood.vasep.com.vn) Vietnam's Agro-Fisheries Exports reach $5.06 billion in May 2024, accumulating to $24.14 billion for the first five months, marking a 21% year-on-year increase (equal to $4.2 billion)...

(seafood.vasep.com.vn) Vietnam's seafood exports are expected to reach US$870 million in May 2024, up over 7% from the same period last year. Exports of tuna and crab continue to grow strongly, while exports of pangasius, cephalopod increase slightly. Shrimp exports, however, are slightly lower than in the same period last year. Cumulative seafood exports for the first five months of the year reach US$3.6 billion, up 6.5% from the same period in 2023.

(seafood.vasep.com.vn) In addition to setting a record profit target for this year, Minh Phu Seafood Group (MPC) said it will consider expanding into a number of foreign markets and increasing its market share in the domestic market.

(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.

Abalone, frozen oysters, flounder, and other Korean delicacies are imported into Vietnam, while Japan imports into Vietnam some products including scallops, amberjack….

(seafood.vasep.com.vn) According to Dong Thap Sub - Department of Livestock, Veterinary, and Fisheries, in the first six months of the year, the estimated production value of the seafood industry reached 5,554 billion VND, up 3.22% over the same period, equal to 101,000 VND and 98% of the 6-month plan. Of which, the production value of pangasius reached 3,586 billion VND, shrimp reached 97.2 billion VND, and other seafood reached more than 1,410 billion VND.

(seafood.vasep.com.vn) According to the Ca Mau Fisheries Department, total fishery production in April 2023 was estimated to reach 54,240 tons. Of which, shrimp output was 21,850 tons, an increase of 8.58% over the same period. Cumulatively, in the first 4 months of 2023, total fishery output was estimated to reach 211,845 tons, up 3.83% over the same period, of which 81,000 tons were shrimp, an increase of 4.61% over the same period.

(seafood.vasep.com.vn) Many agricultural and food exporters have recorded positive business results thanks to the momentum from the recovery of major markets and solutions to enhance deep processing, helping to increase the value of their products and business efficiency.

Vietnam’s agro-forestry-fishery exports to the Republic of Korea (RoK) have surged thanks to the bilateral Free Trade Agreement (VKFTA), topping 2 billion USD annually during 2016 - 2023, and the Northeast Asian country is forecast to remain an attractive market in the coming time.

Exports of surimi and fish cake from Vietnam continued to decline in the first quarter of 2024.The export value of this product group reached nearly USD 20 million, down 25% compared to the same period in the previous year. Accumulated export turnover in the first three months of the year reached nearly USD 57 million, down 18% compared to the same period in 2023.

(seafood.vasep.com.vn) Vietnam seafood exports in April 2024 reached 770 million USD, up 4% over the same period last year. Exports of tuna, pangasius, crab, and mollusc shells all recorded positive growth. However, shrimp exports were equivalent to April 2023, and exports of cephalopod, and some other marine fish species were still lower than in the same period. Cumulatively, in the first 4 months of 2024, seafood exports reached a total of 2.7 billion USD, up 6% over the same period in 2023.