Seafood exports are expected to recover in 2024

Seafood exports are expected to recover in 2024

VCN - Vietnam's seafood exports have shown good signs right from the first month of 2024. In particular, exports of two main seafood products, shrimp and pangasius, will recover after a sharp decline in 2023.
Shrimp exports to the US face new difficulties

Shrimp exports to the US face new difficulties

VCN - As of January 15, Vietnamese shrimp exports to the US increased by 4% to US$ 15 million year-on-year. In 2023, shrimp exports to the US decreased by 15% year-on-year to US$ 682 million.
Many expect to increase shrimp exports to China in 2024

Many expect to increase shrimp exports to China in 2024

VCN - According to Vietnam Customs data, by the end of November 2023, Vietnam's shrimp exports to China and Hong Kong reached 569 million USD, down 8% over the same period last year.
Seafood falls out of "ten-billion-dollar export group"

Seafood falls out of "ten-billion-dollar export group"

VCN - After achieving an impressive increase and reaching the tens of billions dollar for the first time last year, seafood exports in 2023 have not been able to repeat this record.
Export of shrimp and pangasius with unknowns from the US market

Export of shrimp and pangasius with unknowns from the US market

VCN - According to the Vietnam Association of Seafood Exporters and Producers (VASEP), seafood exports in October 2023 are estimated to reach over 863 million USD, a slight decrease of 5% compared to the same period in 2022.
Shrimp exports to various markets have recorded positive growth

Shrimp exports to various markets have recorded positive growth

VCN - Shrimp exports to the Chinese and Hong Kong markets have reported positive growth for the first time since the beginning of 2023. Along with that, many niche markets have also experienced growth, raising expectations for shrimp exports to have more opportunities for recovery."
Shrimp industry needs solutions to achieve export target this year

Shrimp industry needs solutions to achieve export target this year

The shrimp industry needs comprehensive solutions from production of breeding shrimp to processing to achieve this year's 4.3-billion-USD shrimp export target.
Australia is the second-largest shrimp import market of  Vietnam in the CPTPP

Australia is the second-largest shrimp import market of Vietnam in the CPTPP

Australia is Vietnam's second largest shrimp import market in the CPTPP market after Japan, accounting for 27% of Vietnam's total shrimp export value to this market.
Exporting shrimp businesses propose solutions to enhance competitiveness in the market

Exporting shrimp businesses propose solutions to enhance competitiveness in the market

VCN - Along with that, the opportunity to sell is significantly reduced due to extended customs clearance time as samples need to be taken and waiting for antibiotic test results, which reduces the competitiveness of shrimp.
Australia is second-largest shrimp import market of Vietnam in  CPTPP

Australia is second-largest shrimp import market of Vietnam in CPTPP

VCN - Australia is Vietnam's second largest shrimp import market in the CPTPP market after Japan, accounting for 27% of Vietnam's total shrimp export value to this market.
Shrimp exporters focus on added value

Shrimp exporters focus on added value

In the difficult context, shrimp exporters must manage their situation by reducing costs, focusing on added value, improving product quality, and redirecting the export of specific products.
Shrimp exports face many difficulties in 2023

Shrimp exports face many difficulties in 2023

In 2023, although difficulties are forecast, the shrimp industry in the whole country still sets a target of 750,000 ha of shrimp farming area, shrimp production of over 1 million tons
Measures sought to boost Mekong Delta shrimp sector growth

Measures sought to boost Mekong Delta shrimp sector growth

An aquaculture conference was held in the Mekong Delta province of Soc Trang on March 3 to discuss how to boost the shrimp sector's development.
Grim outlook for Vietnamese shrimp industry

Grim outlook for Vietnamese shrimp industry

High inflation has also eroded the countries’ domestic consumption, leading to unsold inventory.
Shrimp businesses respond flexibly to the market

Shrimp businesses respond flexibly to the market

VCN - Shrimp exports tend to slow down in many major markets, shrimp exporters have many flexible solutions to cope.
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