What is constraining production and export of shrimp and shutchi catfish?

VCN - For the shrimp industry, the increase of input costs has led to high product prices, reducing competitiveness in the international market. Meanwhile, unfair competition between enterprises has caused the export price of shutchi catfish to decrease and the product quality went down.
1445-0815-11-3706-141210a6
the problem is unfair competition between businesses, causing the export price of shutchi catfish to decrease and the quality of the product also goes down. Photo: N.Thanh

According to the Agro Processing and Market Development Authority under the Ministry of Agriculture and Rural Development, in the first four months of 2021, Vietnam's seafood exports are estimated at 601.6 thousand tonnes with a value of $2.386 billion, up by 7.14% in volume and 6.06% in value from the same period in 2020.

Shrimp exports reached 106.3 thousand tonnes with a value of $944.38 million, increasing by 8.03 in volume and 9.74 in value and shutchi catfish exports reached 252.4 thousand tonnes with a value of $495.6 million, increasing by 11.5% in volume and 10.5% in value.

Talking to Customs News, Tran Dinh Luan, Director of the General Department of Fisheries (Ministry of Agriculture and Rural Development), said in terms of fishing, in the first months of 2021, the weather in fishing grounds was good for fishing activities so it increased production effectiveness.

The estimated fishing output by the end of April 2021 topped 1.2 million tonnes (reaching 31.7% of the plan for 2021).

In terms of aquaculture, since the beginning of the year to the end of April 2021, brackish water shrimp production hit 178.7 thousand tonnes (increasing by 5.5% over the same period in 2020) and shutchi catfish harvest output was estimated at 428 thousand tonnes, increasing by 0.9% over the same period in 2020.

Nguyen Quoc Toan, Director of Agro Processing and Market Development Authority, assessed that, besides advantages in terms of export markets, currently the production and consumption of key aquatic products are facing challenges with many difficulties.

Specifically, regarding shrimp, the cost of inputs such as breeder, feed, and inoculants increases, leading to high product costs, slashing profits and competitiveness in the international market.

Regarding shutchi catfish, the problem is unfair competition between businesses, causing the export price of shutchi catfish to decrease and the quality of the product also goes down, harming the reputation of shutchi catfish products.

Toan also added that with seafood, post-harvest losses were still high, and profits were severely reduced, leading to an increase of imports for processing.

In the context of complex pandemic developments, it caused the increase in input costs, especially logistics (renting ships, renting refrigerated containers); human resources for seafood processing were increasingly scarce and regulations and technical barriers were increasing, causing an increase in production costs while the average export price tended to decrease.

"These elements greatly affected the profit and efficiency of seafood production and business," Toan said.

Director General of the General Department of Fisheries Tran Dinh Luan said in the coming time, the General Department will focus on directing and guiding localities to produce seafood, focusing on key products such as brackish water shrimp and shutchi catfish to ensure sources of raw materials for processing and exporting seafoods; ensure food security for the domestic consumption market amid the unpredictable Covid-19 pandemic.

In addition, strengthening management of inputs in aquaculture production; supporting localities to quickly complete the process of granting farm codes and promote the application of science and technology, technical progress and digital technology. These moves were aimed at optimising production costs, increasing the competitiveness of seafood products and traceability.

Another important content was to effectively control the source of raw materials for exploitation and import of aquatic products in compliance with Vietnam's conditions and regulations and international practices, ensuring requirements for origin traceability to create a legal source of raw materials for processing and exporting seafood.

By Thanh Nguyễn/Thanh Thuy

Related News

Enterprises develop sustainably thanks to effective trade defense

Enterprises develop sustainably thanks to effective trade defense

VCN - Effective use of trade defense measures not only helps domestic manufacturing industries develop sustainably but also helps export enterprises maintain their position in the international market.
Seafood exports soar to new heights in the third quarter

Seafood exports soar to new heights in the third quarter

VCN - Seafood exports in the third quarter of this year reached US$2.76 billion, up nearly 13% over the same period last year. This is a peak after 4 years of disruption due to the Covid-19 pandemic.
New directions for two key export products of the seafood industry

New directions for two key export products of the seafood industry

VCN - Although the two main export items of Vietnam's seafood industry, shrimp and pangasius, have grown, export enterprises are facing many difficulties and must find new directions.
Avoid legal risk for businesses to reach out to the international market

Avoid legal risk for businesses to reach out to the international market

VCN – Businesses need to be careful and pay more attention to legal factors in in international trade, especially when the market still has many unpredictable fluctuations, said by Dr. Vu Tien Loc, President of the Vietnam International Arbitration Center (VIAC), National Assembly Delegate, Member of the National Assembly's Economic Committee.

Latest News

VN

VN's food processing industry struggles to improve quality and value chain integration

Despite accounting for 19.1 per cent of Việt Nam’s processing sector, the food processing industry has been struggling with major issues such as poor-quality raw materials and subpar value chain integration, said industry insiders and economists.
Approach strategy of the seafood industry when implementing UKVFTA

Approach strategy of the seafood industry when implementing UKVFTA

VCN - As one of Vietnam's strong export industries to the UK, especially when the Vietnam - United Kingdom of Great Britain and Northern Ireland Free Trade Agreement (UKVFTA) comes into effect, with a detailed information approach strategy, it has created a great driving force to promote the export of Vietnamese seafood products to this market.
Mid-November: Vietnam

Mid-November: Vietnam's trade volume matches 2023 total, eyes record-breaking growth

VCN - By mid-November 2024, Vietnam's total import-export turnover reached an impressive US$681.48 billion, equaling the full-year trade figure for 2023
Vietnamese enterprises facing challenges from cross-border e-commerce platforms

Vietnamese enterprises facing challenges from cross-border e-commerce platforms

VCN – In recent years, with the rapid development of cross-border e-commerce (CBEC) platforms, domestic enterprises in Vietnam have been facing numerous difficulties and challenges.

More News

Vietnam, Malaysia eye new milestone in trade ties

Vietnam, Malaysia eye new milestone in trade ties

The official visit to Malaysia from November 21-23 by Party General Secretary To Lam is expected to open up new opportunities for and mark a new milestone in the economic and trade cooperation between Vietnam and Malaysia. Vietnam and Malaysia are key economic, trade, and investment partners. Their economic and trade ties have steadily grown since the two nations established diplomatic relations in 1973.
Shrimp exports surge in 10 months, generating 3.2 billion USD

Shrimp exports surge in 10 months, generating 3.2 billion USD

Vietnam’s shrimp exports in October reached US$394 million, a strong 24% increase year-on-year, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
Vietnam’s exports to the U.S. near US$100 billion milestone

Vietnam’s exports to the U.S. near US$100 billion milestone

VCN - By the end of October, Vietnam's exports to the United States approached US$100 billion, reaffirming its position as Vietnam's largest export market.
From the “abnormal” coffee price, worries about the new crop

From the “abnormal” coffee price, worries about the new crop

VCN - The Vietnamese coffee industry enters the new crop with the question of what is a reasonable price to ensure benefits for coffee growers while still retaining international consumers.
What obstacles limit the market share of Vietnamese goods in the UK?

What obstacles limit the market share of Vietnamese goods in the UK?

VCN - Vietnamese goods account for only about 1% of total imports into the UK market. One of the reasons is that they have not yet built their own brands and have not focused on effective strategies and approaches to market information.
Why seafood exports to some Middle Eastern Countries are stalled

Why seafood exports to some Middle Eastern Countries are stalled

VCN - Several shipments of seafood exported to certain Middle Eastern countries have been delayed due to legal challenges related to consular legalization procedures. This has created significant bottlenecks in accessing these markets.
Storm No. 3 destroys profits of many insurance companies

Storm No. 3 destroys profits of many insurance companies

VCN - Due to the impact of storm No. 3, the business results of the third quarter and the first 9 months of 2024 of the insurance sector have been significantly affected. This requires more efforts from businesses for the results of the whole year 2024.
Vietnam, Malaysia eye golden partnership opportunities in Halal industry

Vietnam, Malaysia eye golden partnership opportunities in Halal industry

Cooperation in the Halal industry can help Vietnamese products reach nearly 2 billion Muslim consumers worldwide, representing over 24% of the global population, according to Malaysia’s Minister of Investment, Trade, and Industry Zafrul Abdul Aziz.
Tra fish sector aiming for production, processing greening for sustainable development

Tra fish sector aiming for production, processing greening for sustainable development

Greening production and processing to meet export requirements is both a trend and a necessity for many industries, including the tra fish sector.
Read More

Your care

Latest Most read
VN

VN's food processing industry struggles to improve quality and value chain integration

Despite accounting for 19.1 per cent of Việt Nam’s processing sector, the food processing industry has been struggling with major issues such as poor-quality raw materials and subpar value chain integration, said industry insiders and economists.
Approach strategy of the seafood industry when implementing UKVFTA

Approach strategy of the seafood industry when implementing UKVFTA

VCN - Mr. Nguyen Hoai Nam, Deputy General Secretary, Vietnam Association of Seafood Exporters and Producers (VASEP), said that the advantage that UKVFTA brings is that the main products of the seafood industry enjoy 0% import tax to the UK, especially key
Mid-November: Vietnam

Mid-November: Vietnam's trade volume matches 2023 total, eyes record-breaking growth

By mid-November 2024, Vietnam's total import-export turnover reached an impressive US$681.48 billion, equaling the full-year trade figure for 2023
Vietnamese enterprises facing challenges from cross-border e-commerce platforms

Vietnamese enterprises facing challenges from cross-border e-commerce platforms

VCN - E-commerce platforms have emerged as crucial distribution channels, enabling goods to reach consumers quickly and conveniently.
Vietnam, Malaysia eye new milestone in trade ties

Vietnam, Malaysia eye new milestone in trade ties

The official visit to Malaysia from November 21-23 by Party General Secretary To Lam is expected to open up new opportunities for and mark a new milestone in the economic and trade cooperation between Vietnam and Malaysia. Vietnam and Malaysia are key economic, trade, and investment partners. Their economic and trade ties have steadily grown since the two nations established diplomatic relations in 1973.
Mobile Version