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FIMEX VN sales reached VND 435 billion in April, shrimp consumption is forecasted to increase sharply in May
09:44 05/23/2022

(seafood.vasep.com.vn) After a process of peer-reviewing, the Provincial Council of Science and Technology (including the Department of Science and Technology, the Department of Industry and Trade, the Department of Agriculture and Rural Development) agreed to grant the right to use geographical indications for Ca Mau black tiger shrimp products (1st phase) for 3 enterprises: MINH PHU SEAFOOD Corp, Minh Phu Mangroves shrimp social Enterprise, and Ca Mau Seafood Processing & Service Joint Stock Corporation (CASES).

(seafood.vasep.com.vn) Vietnam's shrimp exports in the first two months of this year grew well in all major markets such as the US, EU, Japan, Korea, China, UK... In the Russian market, exports decreased due to disruption resulting from the Russia-Ukraine conflict.

(seafood.vasep.com.vn) In the morning of March 11, the Ministry of Agriculture and Rural Development coordinated with the People's Committee of Soc Trang Province to organize an online conference called "Developing the Shrimp Industry in 2022 and signing regulation on cooperative management of brackish water shrimp breeds in 2022".

There remains large room for Vietnam’s shrimp industry to strive for greater export growth in the next few years, said the Vietnam Association of Seafood Exporters and Producers (VASEP).

(seafood.vasep.com.vn) Despite being heavily affected by Covid, which led to a series of high transportation costs, Sao Ta Food Joint Stock Company (FIMEX VN) still reported historically high profits after 26 years of operation. FIMEX VN ranks 6th among Vietnamese seafood exporters in 2021 and is the 4th largest shrimp exporter with sales of 166 million USD.

(seafood.vasep.com.vn) According to data of Vietnam Customs, Vietnam's shrimp exports in 2021 recorded $3.9 billion, up 4% compared to 2020.

(seafood.vasep.com.vn) Mr. Le Van Quang, Chairman of the Board of Directors, General Director of Minh Phu Seafood Joint Stock Company (MINH PHU SEAFOOD CORP) said that the application of "3 on-the-spot" production made the operating capacity of the factories of the company. Minh Phu in Ca Mau and Hau Giang dropped sharply, reaching only 25% of capacity. But thanks to the company's shift to large-sized shrimp production, the output has improved, reaching about 50%. The company is accelerating and expecting year-end orders.

(seafood.vasep.com.vn) According to data of Vietnam Customs, as of December 15, 2021, Vietnam's shrimp exports reached $3.7 billion, up 3.7% over the same period in 2020. Shrimp exports for the whole year in 2021 are estimated at about 3.88 billion USD, up 4% compared to 2020. In which, exports to the US and EU markets continue to record good growth rates.

2021 is considered by Sao Ta Food Joint Stock Company (FIMEX VN) to be the most successful year of shrimp farming in the company's 10-year history.

VASEP Office has just released the REPORT ON SHRIMP SECTOR IN 2016-2021 AND FORECAST TO 2025, with over 90 pages. I have read it many times, feeling that this is a rather elaborately edited document, with a lot of practical information and quite suitable outlooks, so I feel it is necessary to contribute a little more to promoting the book. This REPORT gives those of you who are participating in the shrimp value chain a little more necessary baggage for your very arduous natural path.

(seafood.vasep.com.vn) According to Customs statistics, in November 2021, shrimp exports of the country increased by 16% to over 366 million USD. In which, exports to major markets increased sharply: to the US increased by 24%, to Korea increased by 19% and the most breakthrough was to the EU market, up 86%. By the end of November 2021, the country's shrimp exports reached 3.55 billion USD, up 3.4% over the same period in 2020.

(seafood.vasep.com.vn) To help shrimp exporters and importers grasp the whole picture of Vietnam's shrimp production and exports and its position in the world shrimp industry picture over the past 6 years along with a forecast to 2025, VASEP releases its Industry Report. shrimp 2016-2021 and forecast to 2025.

(seafood. vasep.com.vn) CPTPP is the second largest market for Vietnam's imports after the US, accounting for 25% of Vietnam's total shrimp export value to shrimp markets. As of November this year, Vietnam's shrimp exports to the CPTPP market were estimated at US$905.2 million, down 0.2% over the same period. Vietnam's shrimp exports to the main markets in the CPTPP block tend to recover in the year-end period.

(seafood.vasep.com.vn) CP Vietnam and PAN Group have just signed a strategic cooperation agreement, thereby committing to support each other in expanding and developing business activities, exploiting the best potential of the market and strengths in the traditional business field.

(seafood.vasep.com.vn) After a sharp decline in August and September this year, Vietnam's shrimp exports in October 2021 reached nearly the same export value of the same period last year with 425.3 million USD, slightly down 1.5%, but compared to September 2021, shrimp exports increased by nearly 38%.


  • SPECIALIST ON SHRIMP MARKET

Ms Kim Thu

Email: kimthu@vasep.com.vn

Tel: 84.24.3771.5055 (ext 203)

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