News

although pangasius exports to the German market decreased following the general trend of the EU region for more than 10 years from 2008 to 2018, but in recent years, especially in the first 5 months of 2019, the export value of pangasius to the German market continued to rose. Particularly in May, 2019, pangasius export value to this market hiked up: 144,7% compare to the same period in 2018. By the end of May, 2019, the export value of Vietnamese pangasius exported to Germany reached USD14.7 million, up 74.6% compared to the same period in 2018.

(seafood.vasep.com.vn) In the context of an effective Vietnam-EU Trade Agreement (EVFTA), shrimp is one of the seafood products benefiting from tariff preferences of this Agreement. However, joining the Agreement also poses many challenges for export enterprises.

(seafood.vasep.com.vn) Q.IV/2018, Pangasius export revenue to ASEAN markets reached US$57 million, up 35.6% compared to the same period in 2017. In 2018, the export turnover of pangasius to this market reached US$202.6 million, up 41.5% for which the 3 largest single export markets were: Thailand increased by 48.8%; Singapore increased by 20.7% and the Philippines increased by 32.1%.

Vietnam sets a target of earning 4.1-4.2 billion USD from shrimp exports this year, higher than 3.6 billion USD recorded in 2018, according to the Directorate of Fisheries under the Ministry of Agriculture and Rural Development (MARD). The figure was released at a conference to launch production and business plans for the domestic shrimp industry in 2019 that was held on March 13 by MARD in the Mekong Delta province of Soc Trang, one of large shrimp producers in the country.

(seafood.vasep.com.vn) Since the beginning of the second quarter to August this year, Vietnam’s shrimp exports remained the downward trend in value over the same period in 2017. Specifically, in July, exports fell by 20.3% over the same period last year; sales to most of major importing markets fell sharply.

(seafood.vasep.com.vn) Vietnam’s shrimp exports in QII/2018 reached over US$893 million, down 4.9% due to fluctuations in the domestic and global shrimp prices. However, thanks to the growth of 20% in QI, the figure in the first half of this year slightly increased by 5.1% to see US$1.6 billion. With higher import demand in Apr-Jun this year and steady shrimp prices, Vietnam’s shrimp sales this year expected to total US$4 billion.

(vasep.com.vn) After 10 years implementing the Resolution No 26-NQ/TW on agriculture, rural areas, farmers (2008 - 2018), Vietnam seafood export turnover doubled. In particular, shrimp exports accounted for the largest proportion and strongest and the most stable growth. After 10 years, shrimp export turnover increased nearly 2.5 times from $1.6 billion to nearly $3.9 billion, with an average annual growth of 9%. Shrimp exports account for a increasing share of total seafood exports: from 36% to over 50%.

(seafood.vasep.com.vn) Due to natural conditions, most Middle Eastern countries do not produce agricultural products, including seafood, so there is a great demand for shrimp and catfish products, canned tuna, sardines, mackerel and dried fish. 

(seafood.vasep.com.vn) In the first two months of 2018, Vietnam’s pangasius exports to the Polish market increased by 17 times over the same period last year. This was considered as a notable importing market of Vietnam in the EU in the first two months of this year.

(seafood.vasep.com.vn) After the good growth in 2017, Vietnam’s shrimp exports in 2018 continued to go up. In January 2018, Vietnam exported shrimp to 49 markets with the export turnover of US$264.8 million, up 33.2% over the same period in 2017.