VASEP

Update news VASEP

“Shrimp King’, ‘Catfish Queen’ face serious difficulties

Two leading enterprises in the seafood sector, known as ‘Shrimp King’ and ‘Catfish Queen’, have had to lower their business targets in 2023 amid a sharp fall in world demand.

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's seafood firms look to second quarter for exports to recover

Despite a downturn in the export of aquatic products in the first month of 2023, local exporters remain optimistic that the market will recover from the second quarter of this year.

VASEP asks for more loans for seafood enterprises

The Vietnam Association of Seafood Exporters and Producers (VASEP) asked for capital support for seafood enterprises, which are set to make a 20-year high in export turnover this year.

Vietnam’s seafood exporters suffering with euro fluctuation

Following exchange fluctuations, Vietnamese seafood exporters are now faced with catastrophic changes in their orders, forcing them to lower export prices or find other solutions to stay competitive in the long run.

Vietnam's fisheries businesses face export growth slowdown

Enterprises in the fisheries sector are facing an export slowdown after strong shipments in the first months of 2022, which may subsequently affect their growth in the time ahead.

VASEP claims imported seafood regulations inadequate

The Vietnam Association of Seafood Exporters and Producers (VASEP) has sent a petition to the Prime Minister proposing the amendment of regulations on quarantine for aquatic products used for food.

 

Decrease in in seafood exports expected as a result of new Chinese policy

Vietnam’s seafood exports to China are likely to decrease sharply as Chinese customs are tightening control over imports.

Vietnam becomes Australia’s biggest shrimp supplier

Vietnam’s shrimp exports to Australia surged 81% year-on-year to US$88.7 million in the first half of 2021, becoming the Oceania country’s biggest shrimp supplier.

Southern seafood companies struggle to keep workers on-site

Many seafood processing companies in the South are facing difficulties keeping their workers on-site amid the Covid-19 outbreak as required by the authorities, according to Truong Dinh Hoe, VASEP general secretary.

Basa exporters’ journey through troubled waters

Basa fish exporters recorded positive growth in the first months of the year, but are now facing escalating prices and costs.

As rivals face 'bad luck', VN seafood exports could rise to Russia, the US

While India and Thailand are facing difficulties, Vietnamese seafood has an opportunity to occupy major markets such as Russia and the US.

 

Vietnam’s $8 billion seafood industry warned of risks

Vietnam’s seafood exports have bounced back after a period of sliding, but there has been a spread of disease among some shrimp and fish breeding areas.

Mixed fortunes for seafood sector in unpredictable year

Last year has been a year with ups and downs for the seafood sector. While the consumption and export of basa fish stagnated mostly due to the global health crisis, shrimp farmers still saw a successful 2020.

Seafood industry expects to remain on growth path in 2021

Despite facing difficulties due to the COVID-19 pandemic, seafood exports last year were estimated at US$8.58 billion, the same as in 2019.

Shrimp exporters bring home 3.85 billion USD in 2020

Earnings from shrimp exports reached 3.85 billion USD last year, up 15 percent year-on-year despite difficulties caused by the COVID-19 pandemic.

For the sake of sustainable fish export

The price of tra (pangasius) fish has experienced one fluctuation after another. This year is forecast to be a recovery time for the fish.

Vietnam's seafood exports to China face difficulties due to COVID-19 control measures

The Vietnam Association of Seafood Exporters and Producers (VASEP) has announced that China continues to closely control COVID-19 in imported aquatic products, which is likely to slow Vietnam’s exports to the country in the months to come.

VASEP forecasts 2020 seafood exports at US$8.6 billion

The Vietnam Association of Seafood Exporters and Producers (VASEP) expects that Vietnam will be able to export seafood worth US$8.6 billion this year thanks to a high demand at the end of the year.

Vietnam’s tuna exports soar as EVFTA tariff cuts take effect

While many seafood products have seen minus growth because of Covid-19, Vietnam’s tuna has been selling well in the world market.