Vietnam's seafood industry

Update news Vietnam's seafood industry

Vietnam's seafood sector primed for growth with favourable exports

The third quarter (Q3) profit picture shows a positive recovery for seafood companies, coupled with increasing export expectations in the year-end period, indicating that the industry is entering a new growth cycle.

VASEP proposes quota on shrimp export to Korea to be lifted

The trade deal significantly boosted exports of Vietnam to this market with shrimp exports up by 37 per cent, squid and octopus by 51 per cent and other fishery products by 4 per cent.

Vietnamese seafood firms propose US$430 million credit package

The preferential loans would enable local producers and exporters to make certain inputs and maintain export markets.

Vietnam spends $2.72 billion to import seafood, foreign crab floods market

Imported seafood is no longer the food of the rich. Vietnamese are consuming more seafood from Japan, Australia, South Korea and Canada.

Vietnam becomes Norway’s largest seafood consumer in Southeast Asia

Vietnam has become Norway’s largest seafood consumer in Southeast Asia with a total import output of about 50,000 tonnes last year.

Exporters foresee tough challenges in 2023

Although the last months of the year had seen a substantial drop in export orders, the textile and garment industry, as well as the seafood industry, still ended the year with positive results.

Sumo Crab honours winner weighing 1.4kg in Vietnam

A crab weighing over 1.4kg won the Sumo Crab competition held in the southernmost province of Ca Mau on December 25.

Vietnam's seafood industry needs to adapt to market trends

After being affected by the COVID-19 pandemic and fluctuations in inflation, the demand and trends of seafood consumption in many markets have changed, necessitating that Vietnamese seafood enterprises must adapt to these market trends, experts said.