China and CPTPP maintain growth momentum in Vietnamese pangasius imports
08:45 06/25/2024

HALCERT, operating under QUACERT, will oversee certification activities and facilitate discussions, training and international cooperation in the Halal sector.

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.

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).

(seafood.vasep.com.vn) Entering 2024, Vinh Hoan Corp showed signs of improvement right from the beginning of the year when it reached a revenue of 921 billion VND, an increase of 102% over the same period last year. Vinh Hoan Joint Stock Company (MCCK: VHC) has just announced its business results for January 2024, with revenue reaching 921 billion VND, an increase of 102% over the same period last year and an increase of 13% compared to December 2023. This is also the highest result in the past 8 months.

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(seafood.vasep.com.vn) According to statistics from Vietnam Customs, as of September 15, 2023, Vietnam pangasius exports to the US reached more than 195 million USD, down 55% over the same period last year, accounting for 16%. Vietnam's total pangasius exports to markets.

(vasep.com.vn) According to statistics from Vietnam Customs, cumulative exports of Vietnamese pangasius in the first 8 months of the year to Canada reached 24 million USD, down 46% over the same period last year, accounting for 2% of the proportion. . Canada continues to maintain the 2nd position in the CPTPP market in terms of importing the most Vietnamese pangasius.

(seafood.vasep.com.vn) In September 2023, Vietnam's seafood exports are estimated to reach 862 million USD, equivalent to the same period in 2022. Accumulated to the end of the third quarter of 2023, seafood exports will reach over 6.6 billion USD, down 22% over the same period.

(seafood.vasep.com.vn) Market's gradual recovery along with China's ban on seafood imports from Japan create an opportunity for Vietnam's seafood exports to "turn around" at the end of this year.

(seafood.vasep.com.vn) Due to the wastewater release, Chinese people are hesitant to consume even domestically caught seafood in some waters near Japan. Therefore, the import demand of seafood in China will increase, including Vietnam.

(seafood.vasep.com.vn) On August 24, at the International Pangasius Outlook Forum held by the Vietnam Association of Seafood Exporters and Producers (VASEP) in Ho Chi Minh City, the speakers said that there is still significant potential for Vietnamese pangasius enterprises to export to densely populated markets with affordable income levels.

(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) 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) 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.