The covid-19 pandemic is blamed for the plunge of Vietnam’s tuna exports, with the vast majority of sales being on the decline. The sector is living up to expectations for the EU market, especially after EVFTA becomes effective.
By May 2020, Vietnam’s tuna export value reached approximately $241 million, down nearly 20% from the same period last year, with a vast majority of top 10 destinations of Vietnamese tuna seeing a decline in value, except for Japan increasing by 31% and Egypt increasing by 76%. Vietnamese tuna export value to the US reached nearly $102 million, down 21% from last year while sales in the EU reached $48 million, down 11% and sales...
Orders of reopening the economy given by the EU and some other countries have brought good signs to Vietnam’s shrimp exports in May. As forecasted, growth will continue in the next few month and prices will increase.
Shrimp exports reached $330.2 million in May, up 0.6% from last year, bringing in a total of shrimp exports in the first five months of 2020 reaching $1.2 billion, up 2.3%, according to VASEP.
Shrimp exports reached $370 million in June but saw a 11% decline in the first six months compared to the same period last year. However, shrimp is the key species among those seafood going into the world in the first...
According to the Agro Processing and Market Development Authority (Agrotrade) under the Ministry of Agriculture and Rural Development, the short supply triggered domestic prices of black tiger shrimp material in June meanwhile prices of white leg shrimps are on the decline due to abundant supply at the harvest time.
Ice-glazed black tiger shrimp size 20, 30, 49 pcs/kg is sold at 210,000 dong/kg, 180,000 dong/kg, 140,000 dong/kg respectively, up 10,000 dong/kg.
White leg shrimps size 60 pcs/kg is priced down to 100,000 dong/kg, size 70 pcs/kg is at 90,000 dong/kg and size 100 pcs/kg is at 85,000 dong/kg, down 5,000 dong/kg.
According to the Directorate of Fisheries, Vietnam’s seafood export turnover reached $3.56 billion, equal to 91.4% of the same period last year and covering 35.6% of the plan. The fisheries industry sets a target of bringing in $10 billion from exports in 2020.
The COVID-19 pandemic has seriously affected the production and development of the fisheries industry, especially seafood exports with seafood consumption being on a sharp decline. Summer heat and salt intrusion hit the aquaculture in the Mekong Delta.
The production, processing and exports of pangasius is decreasing due to a double impact of the...
Pangasius material in the Mekong Delta has been always at low prices, ranging between 18,000 dong and 19,000 dong/kg (size 700-800g/pc), meanwhile the production cost was 21,000-22,000 dong/kg, down 40% from the same period last year.
Production of pangasius broodstock in the first six months of 2020 was stable in the Mekong Delta, according to the Directorate of Fisheries.
The stocking area reached 4,530 ha by June (equal to 95.7% of the same period last year). The harvest area is 1,536 ha (equal to 78% of the same period last year).
Pangasius output is estimated to reach 587.3 thousand tons by June 2020, equal to...
More farmers, co-operatives and companies in the southern province of Bà Rịa-Vũng Tàu are enjoying much higher profits by using advanced farming techniques to raise shrimp.
Under high-tech farming models which use super-intensive farming, shrimp breeding ponds are lined with plastic and anti-sunlight nets are hung above. The models are also equipped with oxygen-generating facilities.
Besides shrimp breeding ponds, other ponds filter water which is released into shrimp breeding ponds or used for treatment of waste water.
High-tech shrimp farming has a success rate of 90 per cent and offers far higher profit than traditional shrimp...
The General Department of Vietnam Customs has just issued an official document requesting provincial customs departments to strengthen the examination of imported seafood and refuse for clearance if any crate is detected in contravention of illegal exploitation.
The General Department of Vietnam Customs (GDVC) aims to implement the Decision no.757/QĐ-TTg dated June 04, 2020 by the Prime Minister about approving the plan to carry out the Agreement on Port State Measures to prevent, deter, and eliminate illegal, unreported and unregulated fishing drawn by the Food and Agriculture Organization of the United Nations (FAO) by 2025.
Shrimp prices are in the upward trend, meanwhile domestic tuna prices continue to fall due to exports in a slump.
That was discussed in the Preliminary Meeting of the first six months of 2020 and implementation of plan of the second half of the year by the Directorate of Fisheries (DoF) on July 14. The coronavirus pandemic has seriously affected the production and development of the fisheries industry, especially seafood exports, according to DoF.
As the exporting market was put on hold, seafood exports volume of the first six months of 2020 is estimated to reach $3.56 billion, accounting for 35.6% of the year’s plan. However, production results are showing good signs after...
In 2019 Camimex JSC saw an upward trend of unsold stocks, which is possibly a “time bomb” hung above the company in 2020
According to the audited fiscal report in 2019, the unsold stocks as of Dec. 31. 2019 was valued at 581 billion dong, up 38% compared to earlier this year. The increasing amount of unsold stocks is considered a “time bomb” hung above the company.
Camimex is a seafood company and well known for organic shrimps used for processing to export. The organic shrimps are reared in a 40,000ha farm in Cà Mau. The company produces and exports around 10,000 tons of shrimp finished products to the world.
The disease caused by COVID-19 is slowing world trade, Vietnam’s seafood exports are also significantly affected. Unable to bring products abroad, many businesses are looking for opportunities in the domestic market.
Opportunities after the “rescue”
In the middle of last year, just a move to change the management mode of the Chinese side, many Vietnamese seafood products were devalued, with backlog of goods, such as falling prices of Khanh Hoa lobster, thousands of tons of dried squid, dried fish in Quang Nam, Quang Tri stagnant … While the story is still not cool down yet, recently, the outbreak of COVID-19 broke out, China banned the...
On April 16, Minister of Agriculture and Rural Development Nguyễn Xuân Cường worked with the Chinese Ambassador in Vietnam Hùng Ba with an aim to boost the cooperation in agriculture development and agricultural products trade between Vietnam and China in the face of covid-19 pandemic.
Total export-import volume of agricultural, forestry and seafood products between Vietnam and China reached $2.21 billion, decreasing by 6.9% from last year. Some prefectures in China have carried out control measures, resulting in challenges in customs clearance in border gates in Lạng Sơn.
With an aim to create favorable conditions in exporting and importing...
Viet-Uc runs one of the largest shrimp hatchery operations in the world, at present producing circa 15 billion PL per year. The group’s production capacity is around 40 billion PL per year distributed over 7 hatchery premises. Furthermore, Viet-Uc is the only hatchery in Vietnam licensed to operate a breeding and genetics program.
Since 2015, Viet-Uc has been working on the expansion of its activity into shrimp grow-out operation. Viet-Uc’s grow-out system is highly intensive; conducted in ponds of 500m2 each. Today Viet-Uc disposes about 600 ha of land on two sites in Central Vietnam (Bình Định and Quảng Ninh...
Organic shrimp cultivation without using antibiotics is the new direction of development of farmers in Khánh Hòa.
Chairman of the Board of Directors of the Ninh Phú Aquaculture Cooperative Nguyễn Xuân Lê said that the cooperative was established in mid 2019 with ten members and 10 hectares of shrimp farm. They all participate in organic shrimp cultivation practice by Semi biofloc technology which has been successfully developed by Lê Minh Chính, Director of the Ninh Phú Aquaculture Cooperative in years and shared to other members.
The Semi biofloc shrimp cultivation technology originates from Thailand and is developed upon the translated document “Biofloc...
Multiple companies related to purchasing, processing and exporting ocean tuna in the South Central Coast are coping with challenges due to the coronavirus spread in Europe and the US.
According to Khánh Hòa fishermen, most tuna fish boats are suffering from loss due to low output. Prices of ocean tuna decrease by 15,000-20,000 dong/kg to 90,000 dong/kg when companies reduce their purchases of this species.
Around 30 companies were leasing plan to purchase material fish in Hòn Rớ fishing port in Nha Trang city. However, difficulties in exporting have made them return the plan, close and halt their purchases.
According to some traders in Khánh Hòa, a 15-20% decrease in...
Vietnam : The export volume of shrimp from Vietnam was reduced to US $ 307.3 million, 7.4% less than the previous month! Exports to China plummet! The EU is the largest exporter!
According to data from the Vietnam Sea Products Exporters and Processors Association (VASEP), in September 2019, Vietnam shrimp exports dropped 7.4% to $ 307.3 million. In the first nine months of this year, exports reached 2.4 billion dollars, a year-on-year decrease of 7%.
According to data from the Vietnam Sea Products Exporters and Processors Association (VASEP), in September 2019, Vietnam shrimp exports fell 7.4% to 307.3 million US dollars. In the first nine months of this year, exports reached 2.4 billion dollars, a year-on-year decrease of 7%.
Vietnam : August and September showed negative figures in Vietnamese shrimp exports
VASEP, the Vietnam Association of Seafood Exporters and Producers reports that the Vietnamese shrimp exports rose by 13% in July 2019, down slightly by 1.6% in August and continued to decrease by 7.4% in September. Vietnamese shrimp exports in September 2019 reached US$307.3 million, decreased by 7.4%. Accumulated in the first 9 months of 2019, shrimp exports reached US$2.4 billion, down 7% from the same period in 2018.
In the first half of 2019, shrimp production increased, raw shrimp prices decreased, while shrimp inventories at markets were high. Besides, the supply of shrimp from other countries also lifted, resulting in lower prices of imported shrimp in markets compared to the same period in...
Japanese fell to a minimum of six years and Vietnam became its largest shrimp supplier with an export volume of 39,000 tons.
In September, the price of shrimp imported into Japan fell to a minimum of six years, putting pressure on shrimp producers in ASEAN countries (Vietnam, Thailand, etc.), which accounted for two-thirds of Japanese shrimp imports .
According to the latest data from the International Trade Center (ITC), Japan imported 19,000 tons of shrimp products in September, an increase of 12% over the same period last year.
Despite the increase in volume, imports fell 2% during the same period. The price drop was due to an excellent harvest in Vietnam this year and the countries of Southeast Asia (Ecuador) had problems with China's exports from August to September...
(seafood.vasep.com.vn) According to the statistics of An Giang Fisheries Sub-Department, the farming area of pangasius in the first 9 months of 2019 reached 1,250 ha.
Pangasius export situation of An Giang are farvourable, the export turnover was nearly US$200 million.
Seafood processing enterprises in the province have exported pangasius to 80 countries, including 31 Asian countries, 16 American countries, 20 European countries, 8 African countries and 4 Oceania countries. In which China was still the market with the highest proportion of production.
However, domestic pangasius price is at low level. The An Giang's...
(seafood.vasep.com.vn) By the end of September 2019, the total export value of pangasius reached US$1.46 billion, down 8.5% over the same period in 2018. Particularly in September 2019, pangasius export value decreased by 14.6%, of which, export value to many major importers such as the US, EU, Brazil, Mexico, and Colombia also dropped sharply.
Until the end of September 2019, China - Hong Kong was a key market of many Vietnamese enterprises. This market accounted for an increasingly greater proportion in Vietnamese pangasius export structure. In the first 9 months of 2019, the export value to China - Hong Kong accounted for 30.9% of the total pangasius export value, reaching US$450.7...