(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) 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) 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) Looking at the seafood export value month by month from the beginning of the year, it’s clear that there is a gradual recovery, the next month is higher than the previous month. However, accumulated in the first 6 months, Vietnam's seafood export is still 27% lower than the same period last year, reaching nearly 4.2 billion USD.

(seafood.vasep.com.vn) Fishery output in the second quarter of 2023 was estimated at 2,370.4 thousand tons, up 1.6% over the same period last year. Specifically, fish reached 1,680.5 thousand tons, up 1.2%; shrimp reached 352.3 thousand tons, up 3.8%; other aquatic products reached 337.6 thousand tons, up 0.9%.

(seafood.vasep.com.vn) Vietnam's seafood exports to the US in the first 5 months of 2023 decreased by nearly half compared to the same period in 2022, reaching 563 million USD. All major products experienced a sharp decline of 30-60%. Exports of shrimp and pangasius fell the most, 42% and 62% lower than the same period last year.

(seafood.vasep.com.vn) According to customs statistics, Vietnam seafood exports in the first 5 months of 2023 were 29% lower than the same period last year, reaching only about 3.4 billion USD. Particularly, seafood export turnover in May reached over USD 808 million, the highest since the beginning of the year, showing a signal that the market is getting better. Key commodities are gradually reducing the decline over the same period. Exports to key markets such as the US, EU, China, Japan, and South Korea all achieved the highest sales since the beginning of the year.

(seafood.vasep.com.vn) The Ministry of Agriculture and Rural Development (MARD) has just sent a diplomatic note to the General Administration of Customs People Republic of China requesting consideration of some additional fruits, species, aquatic products and a number of enterprises permitted to export aquatic products into China.

(seafood.vasep.com.vn) Facing difficulties due to reduced orders in key markets like the US and EU, Vietnamese seafood enterprises are innovating products, promoting trade, and adjusting export markets.

(vasep.com.vn) Facing difficulties due to reduced orders in key markets like the US and EU, Vietnamese seafood enterprises are innovating products, promoting trade, and adjusting export markets.

(seafood.vasep.com.vn)) June 12, 2023 marks the 25th anniversary of the establishment of the Vietnam Association of Seafood Exporters and Producers (VASEP). The continuous development journey for 25 years has been recognized and appreciated by the business community, Ministries and Government agencies.

(seafood.vasep.com.vn) A deep drop in Vietnam seafood exports in the first quarter of 2023 caused many seafood enterprises to adjust their business targets for the year.

(seafood.vasep.com.vn) In recent days, many seafood businesses have reported a decline in business results and profits since the beginning of the year. The market landscape is largely covered in shades of gray as the global economy remains unstable, with inflation showing no signs of cooling down in many major countries. Vietnamese seafood exports to key markets continue to decline sharply in April 2023, reflecting the impact of inflation and economic downturn in countries with import demands and seafood consumption.

(seafood.vasep.com.vn) Over the past time, the aquaculture sector in Ben Tre has maintained a quite stable development, with more than 50,000ha of potential aquaculture area. By the end of 2022, Ben Tre’s aquaculture area was 47,590ha; total farming production reached 310,015 tons. Main farmed species included 83,100 tons of brackish water shrimp, 14,900 tons of molluscs, 203,000 tons of pangasius, over 90% of the farmed output has high economic value for export processing. Ben Tre has 13 seafood processing factories for export with a designed capacity of more than 150,000 tons. Seafood export output in 2022 increased by 14.02%. Currently, Ben Tre is calling for investment in a shrimp processing plant to process raw shrimp products of the province.

(seafood.vasep.com.vn) Statistics from China Customs show that the country's seafood import demand is recovering strongly after opening in early 2023. However, Vietnam's seafood exports to this market have not recovered yet. This can be explained by market factors as well as internal reasons.