Navico expects its profit hit 8-fold increase in 2024
08:35 06/14/2024

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

( 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.

( 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.

( 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.

( 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.

( After a continuous decline in the second half of 2023, in the first quarter of 2024, Vietnam's seafood exports showed signs of a slight recovery with an increase of 6.5% over the same period last year, reaching nearly 2 billion USD. Exports made a strong breakthrough in January, before the Lunar New Year, but tended to slow down in February and March.

( On April 23, 2024, the 30th Global Seafood Exhibition opened at the Fira Gran Via Exhibition Center in Barcelona, Spain. Many seafood processing and exporting units from Vietnam participated in the exhibition. At this year's exhibition, deep-processed seafood products continued to attract significant attention and preference from a large number of participants.

Total export revenue from agro-forestry-fisheries products in the first three months of this year is estimated at 13.53 billion USD, up 21.8% over the same period last year; and this results in a trade surplus of 3.36 billion USD, a rise of 96.5%, according to the Ministry of Agriculture and Rural Development (MARD).

Economic and social development activities, overexploitation, pollution, diseases, and climate change have adversely affected the ecological environment, leading to a severe decline or the extinction of many precious indigenous aquatic species.

( An Giang province's aquaculture output is predicted to reach 172.3 thousand tons in the first quarter of 2024, up 6.37% (+10.3 thousand tons) from the same time the previous year.

( 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.

A ceremony was held in Hanoi on March 29, marking the 65th traditional day of the fishery sector (April 1, 1959 – 2024) and the 10th debut anniversary of the Vietnam Fisheries Resources Surveillance (April 15, 2014 – 2024).

( cooperation agreements between Vietnamese and Dutch businesses were signed at the 3rd Mekong Delta Business Forum taking place on March 21 in Ho Chi Minh City.