Welcome   Sponsored By
Subscribe | Register | Advertise | Newsletter | About us | Contact us
   


'...According to a VASEP representative, processed products represent between 40% and 45% of the total annual shrimp export value'

Vietnamese shrimp exports recover to main markets

Click on the flag for more information about Viet Nam VIET NAM
Monday, April 22, 2024, 05:00 (GMT + 9)

After identifying its weakness in 2023, entering the first quarter of 2024, Vietnam's shrimp industry has experienced a clear change, reflected in the increase in exports to major markets.
 
Ho Chi Minh City (VNA) - After identifying its weakness in 2023, entering the first quarter of 2024, Vietnam's shrimp industry has experienced a clear change, reflected in the increase in exports to major markets.
 
According to statistics from the General Department of Customs of Vietnam, shrimp exports were estimated at $620 million during January-March, a year-on-year increase of 24%. In particular, revenue from shipments to the United States and China will increase by 26% and 140%, respectively.
 
Regarding the Chinese market, Kim Thu, from the Vietnam Association of Seafood Exporters and Producers (VASEP), said that China has reduced imports from Ecuador, its largest shrimp supplier, and has increased purchases from Vietnam. Although Vietnam has to compete on price with rival suppliers, many Chinese buyers consider Vietnamese shrimp to be of higher quality than those from Ecuador and India, so they accept higher prices.
 
In the case of the United States, shrimp industry experts predict that sales of fresh and frozen aquatic products in that market will stabilize in 2024, after facing many difficulties last year due to inflation and the adjustment of spending. people.
 
Global shrimp supply growth in recent years. (Source: Rabobank, VASEP, AgroMonitor, FPTS)
 
Compared to some of the United States' major shrimp suppliers, Vietnam is considered more promising, especially as diplomatic relations between the two nations are developing.
 
According to a VASEP representative, processed products represent between 40% and 45% of the total annual shrimp export value. The processing of Vietnamese shrimp companies is at a high level in the world and this represents a competitive advantage of this sector in Vietnam in the world market.
 
However, the sector is advised to maintain its efforts, because competition from other countries remains fierce.
 
According to former VASEP president Ho Quoc Luc, Vietnamese shrimp products are of good quality, but their prices are high. Therefore, it is recommended that farmers and exporters look for measures to maintain quality and reduce production costs.
 
Source: VNA
 


 Print


Click to know how to advertise in FIS
MORE NEWS
Peru
May 26, 05:00 (GMT + 9):
Fishing unions denounce: 'The Peruvian State allows the entry of Chinese ships that would not comply with human rights and labor standards'
China
May 24, 07:40 (GMT + 9):
Southeast Pacific Squid Index: Giant squid (dosidicus gigas)
Maldives
May 24, 07:10 (GMT + 9):
Maldives Fisheries Minister Calls for Global Collaboration to Ensure Fair Tuna Trade
China
May 24, 07:00 (GMT + 9):
Hengyi No 1- Large semi-submersible fish cage deployed off Chinas Guangdong province
Faroe Islands
May 24, 07:00 (GMT + 9):
Salmon from the Faroe Islands is renowned around the world for its superior quality and taste.
United Kingdom
May 24, 07:00 (GMT + 9):
Construction Underway for Vónin Scotland’s New Eco-Friendly Aquaculture Service Station in Kyleakin
Viet Nam
May 24, 07:00 (GMT + 9):
Positive Signals from Tuna Export Markets
Antarctica
May 24, 07:00 (GMT + 9):
Otolith chemistry reveals the ontogenetic movement of the Antarctic toothfish (Dissostichus mawsoni)
Seychelles
May 24, 06:50 (GMT + 9):
Seychelles launches National Aquaculture Policy 2023-2027
Ecuador
May 24, 01:00 (GMT + 9):
Dorado - Common Dolphinfish Longline Fishery Accelerates Steps to Achieve MSC Certification
Japan
May 24, 00:40 (GMT + 9):
Volumes and Prices │ Crabs │ Tokyo Central Fish Market │ Jan-Apr 2024
Norway
May 24, 00:40 (GMT + 9):
Statistics │ Export │ Frozen crab: Japan, Korea, Taiwan, China, Vietnam, USA, Canada and Europe
United States
May 24, 00:30 (GMT + 9):
Statistics │ Catches │ Pollock │ Bering sea │ Seasons A and B │ 2022-2023
Spain
May 24, 00:00 (GMT + 9):
Other Media | Industrias Pesqueras: Eurotech Marine: Sonars that improve detection performance
European Union
May 24, 00:00 (GMT + 9):
Other Media | EuropaAzul: Digital optimization of catch monitoring in European fishing



Lenguaje
FEATURED EVENTS
  
TOP STORIES
Balfegó Launches Bluefin Tuna Fishing Campaign
Spain The fleet commanded by Balfegó will capture an assigned quota of 3,087 tons and will do so, for the first time, under the B Corp sustainability seal The company, the first in t...
Southeast Pacific Squid Index: Giant squid (dosidicus gigas)
China In order to continuously enhance the ability to control squid resources and price influence, and conduct more accurate resource assessment and forecasting, the China Ocean Fisheries Association&n...
Ocean Rebellion ask the public to just stop buying John West Tuna
United Kingdom At 8:30 on Tuesday, 21 May, a giant John West tuna can containing bloodied merpeople ‘bycatch’ was torn open in front of the Blue Food Innovation Summit, Hilton Hotel, Great Suffolk Street...
European fishermen urge Brussels to delay vote on total closure of 10% of all EU fishing zones
European Union The European Bottom Fishing Alliance (EBFA) warns about the socioeconomic consequences of prospering this measure and asks member states to protect food sovereignty Madrid - European fishermen, group...
 

Maruha Nichiro Corporation
Nichirei Corporation - Headquarters
Pesquera El Golfo S.A.
Ventisqueros - Productos del Mar Ventisqueros S.A
Wärtsilä Corporation - Wartsila Group Headquarters
ITOCHU Corporation - Headquarters
BAADER - Nordischer Maschinenbau Rud. Baader GmbH+Co.KG (Head Office)
Inmarsat plc - Global Headquarters
Marks & Spencer
Tesco PLC (Supermarket) - Headquarters
Sea Harvest Corporation (PTY) Ltd. - Group Headquarters
I&J - Irvin & Johnson Holding Company (Pty) Ltd.
AquaChile S.A. - Group Headquarters
Pesquera San Jose S.A.
Nutreco N.V. - Head Office
CNFC China National Fisheries Corporation - Group Headquarters
W. van der Zwan & Zn. B.V.
SMMI - Sunderland Marine Mutual Insurance Co., Ltd. - Headquarters
Icicle Seafoods, Inc
Starkist Seafood Co. - Headquearters
Trident Seafoods Corp.
American Seafoods Group LLC - Head Office
Marel - Group Headquarters
SalMar ASA - Group Headquarters
Sajo Industries Co., Ltd
Hansung Enterprise Co.,Ltd.
BIM - Irish Sea Fisheries Board (An Bord Iascaigh Mhara)
CEFAS - Centre for Environment, Fisheries & Aquaculture Science
COPEINCA ASA - Corporacion Pesquera Inca S.A.C.
Chun Cheng Fishery Enterprise Pte Ltd.
VASEP - Vietnam Association of Seafood Exporters & Producers
Gomes da Costa
Furuno Electric Co., Ltd. (Headquarters)
NISSUI - Nippon Suisan Kaisha, Ltd. - Group Headquarters
FAO - Food and Agriculture Organization - Fisheries and Aquaculture Department (Headquarter)
Hagoromo Foods Co., Ltd.
Koden Electronics Co., Ltd. (Headquarters)
A.P. Møller - Maersk A/S - Headquarters
BVQI - Bureau Veritas Quality International (Head Office)
UPS - United Parcel Service, Inc. - Headquarters
Brim ehf (formerly HB Grandi Ltd) - Headquarters
Hamburg Süd Group - (Headquearters)
Armadora Pereira S.A. - Grupo Pereira Headquarters
Costa Meeresspezialitäten GmbH & Co. KG
NOAA - National Oceanic and Atmospheric Administration (Headquarters)
Mowi ASA (formerly Marine Harvest ASA) - Headquarters
Marubeni Europe Plc -UK-
Findus Ltd
Icom Inc. (Headquarter)
WWF Centroamerica
Oceana Group Limited
The David and Lucile Packard Foundation
Ajinomoto Co., Inc. - Headquarters
Friosur S.A. - Headquarters
Cargill, Incorporated - Global Headquarters
Benihana Inc.
Leardini Pescados Ltda
CJ Corporation  - Group Headquarters
Greenpeace International - The Netherlands | Headquarters
David Suzuki Foundation
Fisheries and Oceans Canada -Communications Branch-
Mitsui & Co.,Ltd - Headquarters
NOREBO Group (former Ocean Trawlers Group)
Natori Co., Ltd.
Carrefour Supermarket - Headquarters
FedEx Corporation - Headquarters
Cooke Inc. - Group Headquarters
AKBM - Aker BioMarine ASA
Seafood Choices Alliance -Headquarter-
Austevoll Seafood ASA
Walmart | Wal-Mart Stores, Inc. (Supermarket) - Headquarters
New Japan Radio Co.Ltd (JRC) -Head Office-
Gulfstream JSC
Marine Stewardship Council - MSC Worldwide Headquarters
Royal Dutch Shell plc (Headquarter)
Genki Sushi Co.,Ltd -Headquarter-
Iceland Pelagic ehf
AXA Assistance Argentina S.A.
Caterpillar Inc. - Headquarters
Tiger Brands Limited
SeaChoice
National Geographic Society
AmazonFresh, LLC - AmazonFresh

Copyright 1995 - 2024 Seafood Media Group Ltd.| All Rights Reserved.   DISCLAIMER