Opportunities for Vietnam seafood in comming time
09:03 09/08/2023

(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) 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.

(seafood.vasep.com.vn) Vietnam's cephalopod exports in the first 5 months of 2023 amounted to over 240 million USD, reflecting a 13% decline compared to the corresponding period last year. In May 2023 alone, the export value for this product reached 52 million USD, showing a decrease of 18% over the same period.

(seafood.vasep.com.vn) In the first 5 months of 2023, Vietnam’s shrimp export turnover reached 1.2 billion USD, down 34% over the same period last year. In May alone, the export value reached 331 million USD, down 28%.

(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) At the 2023 General Meeting of Members and the 25th anniversary of the establishment of VASEP held on June 12, 2023, Mr. Do Ngoc Tai - Vice Chairman of VASEP, Chairman of Shrimp Committee - Director of Tai Kim Anh Seafood JSC gave a presentation on the situation of shrimp exports in the last 6 months of 2023.

(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) By the end of April 2023, Vietnam's pangasius export turnover to the EU reached 60 million USD, down 8% over the same period in 2022, up 70% over the same period in 2021 and accounting for 11% of Vietnam's pangasius exports. In April 2023, pangasius exports to this market reached 15 million USD, down 21% compared to the previous month and down 18% compared to the same period last year.

(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) Exports of Vietnamese tuna to China were not positive in 2022. The export value to this market reached nearly $8.5 million, down 11% compared to 2021. However, entering 2023, export to this market is very promising.

(seafood.vasep.com.vn) To help Vietnamese shrimp brands make a mark on the international market is still a big goal for the whole industry. Vietnam's shrimp industry has many opportunities for growth, but also countless challenges. One of the big challenges is chain linkage, closing the entire production process to control the quality of output products. This is the key to improving the value of Vietnamese shrimp exports to demanding markets.

(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) Although negative growth is inevitable in the general decline trend of Vietnam's seafood exports, the export value of cephalopods recorded a slighter decrease compared to other key export seafood products.