Archive for December, 2010

Vietnam Seafood production reached 4.2 million MT

Friday, December 31st, 2010

In October 2010, total seafood production of Vietnam reached 447 thousand MT, up 4.4% over the same month of 2009 in which, fish accounted for 320 thousand MT, up 4.6%, shrimp 58.7 thousand MT, up 6.3%.

In the first 10 months of 2010, seafood production has reached 4.24 million MT, up 4.7% compared to the same period of 2009 in which fish represented 3.19 million MT, up 4.5%, shrimp 470 thousand MT, up 6.3%.

Marine fishing production in October 2010 reached 145 thousand MT and in the first 10 months of 2010 has reached 2 million MT, up 4.6% against  the same period of 2009.

In the reported month, aquaculture production reached 240 thousand MT, in which 173 thousand MT of fish, up 4.8%, 45 thousand MT of shrimp, up 7.1% compared to the same month of 2009. Total aquaculture production in the first 10 months of 2010 has reached 2.24 million MT, up 3% over last year.

Compared to the same period of 2009, farmed shrimp output is good due to the area and yield of whiteleg shrimp increase. In contrast, pangasius raw materials price increases but pangasius production still faces many difficulties because of high input price.

Source: VASEP

Vietnam Tuna exports surge despite barrier to EU

Tuesday, December 28th, 2010

The nation’s exports of tuna so far this year increased sharply over the same period last year, according to the Viet Nam Association of Seafood Exporters and Producers.

Export value saw three-digit increases to popular markets such as the Republic of Korea with growth of 412 per cent, followed by Taiwan at 328.8 per cent and Canada, 198.3 per cent.

According to the Viet Nam General Department of Customs, the country exported 37,500 tonnes of tuna worth US$147 million, a year-on-year increase of 71.2 per cent in volume and 98 per cent in value.

At present, the US is the largest and most stable market for Viet Nam’s tuna. The US imported 15,000 tonnes of tuna from Viet Nam worth over $75 million, a year-on-year increase of 103.8 per cent in volume and 179.8 per cent in value.

During the review period, the nation also exported 2,600 tonnes of tuna to Japan for nearly $16 million, an increase of 50.7 per cent in volume and 119.9 per cent in value.

However, it is difficult for Vietnamese tuna in Japan to compete with similar products from other regional countries like Thailand and the Philippines due to a higher tax rate.

In addition, export of Vietnamese tuna to the EU decreased due to the effects of the EU’s IUU (illegal, unreported and unregulated fishing) regulation. Viet Nam’s export of tuna to the EU hit 7,000 tonnes worth over $24.6 million, a year-on-year decrease of 14 per cent in volume and 6.6 per cent in value.

Source: VASEP

Vietnam Shrimp export, January – October, 2010

Monday, December 20th, 2010

In the first 10 months of 2010, Vietnam has exported 12.8 thousand MT of crab, swimming crab and other crustaceans (ex. shrimp) to 38 markets in the world, worth approriately US$87 million, up 8.1% in volume and 89.6% in value compared to the same period of 2009. Export value to France registered the most impressive growth with 5,492.9%.

Markets October, 2010 Compared to the same month of 2009 (%) January – October, 2010
Volume (MT) Value (US$ Mil.) Volume Value Volume (MT) Value (US$ Mil.)
The U.S. 589 6.490 308.4 331.2 4,043 45.998
EU 330 2.227 624.3 680.0 1,842 14.228
France 279 1.924 25,228.3 19,266.0 1,127 8.107
The UK 5 0.010 -41.7 -90.1 329 3.533
The Netherlands 33 0.211 240.8 395.9 201 1.259
Japan 136 1.994 -20.1 -41.4 823 11.611
ASEAN 737 0.642 87.1 22.0 3,460 3.736
Singapore 5 0.062 -68.7 -40.3 170 0.968
South Korea 53 0.276 -19.8 -1.4 746 2.844
China & Hong Kong 79 0.298 28.0 42.2 876 2.764
Hong Kong 32 0.168 2.9 41.5 231 1.039
Canada 64 0.450 7,247.2 14,286.2 340 2.653
Taiwan 30 0.098 -2.9 41.2 445 1.330
Australia 18 0.105 -13.6 31.6 141 1.035
Others 8 0.064 -54.6 -32.1 89 0.695
Total 2,045 12.645 114.6 95.8 12,806 86.894


Source: VASEP

Shrimp export will surpass US$2 billion

Monday, December 20th, 2010
Not facing many problems like pangasius, Vietnam’s shrimp export in 2010 is fairly smooth. From January to October 2010, Vietnam’s shrimp export value has reached over US$1.68 billion, nearly touching the level of US$1.69 billion in 2009. The country’s export is estimated at over US$2 billion in 2010.
Shrimp export to most major markets increased, in which export to 3 key markets including Japan, the U.S. and EU grew strongly in both volume and value. From January to October 2010, Japan consumed 52,015 MT of shrimp, worth over US$477 million, up 10.8% in volume and 17.2% in value compared to the same period of 2009. The U.S. ranked the second with 42,441 MT, valued at US$447.8 million, up 15.9% in volume and 34.6% in value. Export to EU, the third market of Vietnamese shrimp reached 37,090 MT, worth US$271 million, up 8.1% in volume and 16.8% in value.

The total shrimp export volume reached more than 195,000 MT, in which frozen black tiger shrimp accounting for 94,443 MT (US$958 million). This year, whiteleg shrimp export also increased sharply over last year, in which frozen whiteleg shrimp reached 34,743 MT (nearly US$220 million).

Vietnamese shrimp export remained the positive growth even in the light of global economic recession in 2009. Therefore, Vietnamese shrimp’s position is gradually being confirmed, but ensuring the safety and hygiene is likely the major challenges that Vietnam’s shrimp industry must overcome

Source: VASEP

The export prices of tra fish will continue to increase next year.

Friday, December 17th, 2010

The export prices of tra fish will continue to increase next year due to a severe shortage of the supply, the seafood industry association has said.

               Duong Ngoc Minh, deputy chairman of the Viet Nam Association of Seafood Exporters and Producers (VASEP), said: “Output has decreased by as much as 70 per cent this year since many farmers have stopped farming the fish due to heavy losses in previous years.”

Speaking on the sidelines of a conference to discuss a draft decree on tra fish production and consumption in HCM City on Thursday, he said export prices had already risen from US$2.4 per kilogramme to $2.8 in recent times.

It was likely to go past $3 next year, he said.

“Most processors and exporters have not developed their own raw material source and rely mainly on supply by farmers. As a result, they don’t have enough for their production once farmers stop breeding.”

Farmers are already charging VND22,000 – VND22,500 ($1,128-$1,153) per kilogramme compared to VND18,500 ($0.94) in October. But even this was not enough to encourage farmers to resume breeding because of the potential risks and high loan interest rates, Minh said.

To ensure sustainable growth of tra exports, he said, the Government should properly zone breeding areas to monitor quality, volume, and even prices.

Research institutes and the Ministry of Agriculture and Rural Development should provide more high – quality hatchlings to improve the competitiveness of Vietnamese tra products in the global market.

Truong Dinh Hoe, VASEP’s general secretary, said the draft decree, which stipulates the floor prices both for exports and raw materials, should set a floor price only for exports.

Viet Nam hoped to earn $1.5 billion from tra exports this year, he said, adding it was shipped to 120 countries and territories.

The Ministry of Agriculture and Rural Development is soliciting suggestions to draft the decree.

Source: VASEP

Pangasius export, January – October, 2010

Friday, December 17th, 2010
In the first 10 months of 2010, Vietnamese pangasius export has reached 538.2 thousand MT, worth US$1.15 billion, up 6.7% in volume and 2.4% in value compared to the same period last year. In October alone, Vietnam exported 63.4 thousand MT of pangasius, worth US$133.8 million, up 9.1% in volume and 5% in value from the same month of 2009.


Markets October, 2010 Compared to the same month of 2009 (%) January – October, 2010
Volume (MT) Value (US$ Mil.) Volume Value Volume (MT) Value (US$ Mil.)
EU 21,926 48.018 -6.6 -11.0 184,360 422.974
Spain 4,246 9.310 38.2 28.7 43,955 97.881
Germany 3,740 8.306 -13.0 -22.1 31,316 77.653
The Netherlands 2,944 7.008 -2.8 -12.8 24,506 62.686
Poland 3,010 5.486 -35.7 -38.2 19,184 34.975
The U.S. 5,432 17.359 14.4 12.4 41,815 130.675
ASEAN 3,813 7.410 20.1 23.0 34,231 64.045
Singapore 1,162 2.270 14.1 12.2 10,824 21.671
Thailand 1,036 2.455 385.3 333.9 5,643 13.237
Malaysia 736 1.060 -7.8 -4.6 9,234 12.583
Mexico 3,398 7.338 -11.4 -14.8 30,138 65.477
Russia 1,771 3.229 345.0 401.8 27,915 46.991
Australia 1,290 3.612 -9.0 -9.6 12,763 36.060
China & Hong Kong 2,711 4.771 81.6 71.3 18,985 33.755
Hong Kong 1,976 3.513 50.9 43.4 14,883 26.522
Saudi Arabia 886 1.694 2.7 3.7 17,103 31.569
Others 22,216 40.386 18.4 17.5 170,892 319.379
Total 63,443 133.817 9.1 5.0 538,201 1150.925


Source: VASEP

Vietnam’s seafood exports reach nearly US$7 billion by 2015

Friday, December 17th, 2010

The Ministry of Agriculture and Rural Development (MARD) has recently held a workshop on seafood export strategy in 2011 – 2015 and vision to 2010. Accordingly, seafood export would reach about US$6.5 – 6.7 billion by 2015. The key markets remain EU, the U.S. and Japan accounted for 60 – 65%.

                All concentrated shrimp and pangasius farming areas of more than 1 ha will meet BAP or GAP standards and satisfy the traceability. Seafood production for export will reach 1.5 – 1.7 million MT. seafood raw materials for export processing of 3.2 – 3.5 million MT (of which domestic materials 2.5 – 2.6 million MT) will include 600,000 MT of farmed shrimp, 1.65 million MT of pangasius, 250,000 MT of clam, 165,000 MT of marine finfish, 200,000 MT of tilapia). Another 490,000 MT of raw material will come from catching and 600,000 – 700,000 MT from abroad.

The international market is not saturated, consumption demand in countries is till growing strongly. For many years, China has remained the largest seafood exporter in the world. However, this market is down in export volume due to loss of reputation for the quality and increasing domestic consumption demand. Therefore, China is able to become a seafood importing country. This is a great opportunity for Vietnam to earn US$8 – 10 billion from export seafood if good strategies and action plans are made.


Source: VASEP

Rising pangasius prices benefit Vietnam

Monday, December 13th, 2010

Vietnamese farmers and exporters are benefiting from rising pangasius prices in the U.S. market.

“We are taking pretty good profits from surging pangasius prices,” said Nguyen Van Mung, a pangasius farmer in the Mekong Delta province of Dong Thap.

Vietnamese companies exporting pangasius fillets to the United States are buying small fish weighing an average of 750 to 850 grams at very high prices, he said.

“Farming costs this year were reduced significantly as we sold young pangasius,” said Mung, adding that this year’s harvest was one to two months earlier than in previous years.

Mung gained a net profit of more than VND 2 million (USD 100,000) from selling 700 metric tons of pangasius at VND 22,000 (USD 1) per kilogram, the highest gain in the last three years. It usually takes farmers six to seven months to farm pangasius for European and Asian markets, while U.S. consumers preferred small pangasius, which are around four to five months old, so the profit from this market is better, said Mung.

“A pangasius farmer can make a profit of VND 3,000 to 4,000 (USD 0.14 to 0.18) per kilogram from the current price offered by exporters,” said veteran farmer Nguyen Van Thanh in the adjacent province of An Giang.

The value of Vietnam’s seafood exports through October increased 20 percent to USD 532 million. The turnover in the first 11 months of 2010 was the highest ever at USD 4.5 billion, only USD 3 million lower than the target for the entire year. Analysts said the exported pangasius fillet price of USD 4 to 4.20 per kilogram would ensure a booming harvest for local farmers.

However, the Mekong Delta Agriculture and Rural Development Department warned that farmers still must deal with a lot of problems after this year’s quicker-than-usual harvest, including the lack of reinvestment and an increase in the cost of fish feed and medicine.

Farmers said most of them had to borrow money from banks as it took a huge investment of VND 18 to 20 billion (USD 81,820 to 90,910) to breed 1,000 metric tons of pangasius. Borrowers can now expect to pay 16 to 18 percent interest on loans, up from 13 to 14 percent just a few weeks ago. The current lending rate of 16 to 18 percent is the biggest obstacle for local exporters, said Nguyen Van Dao, director of the seafood producer Go Dang. Some exporters said many lenders were not willing to offer loans to them.

Asia Commercial Bank’s Can Tho Province branch, meanwhile, said it still loaned to pangasius exporters. But they refused to provide loans for individual farmers, who they struggled to supervise. The branch said it could consider making loans to farmers who work with co-operatives outsourcing for seafood producers.

Source: SeafoodSource

Shrimp replaced catfish as Vietnam’s largest seafood

Wednesday, December 1st, 2010

Shrimp replaced catfish as Vietnam’s largest seafood export item in the first half of the year.

Despite a shortage of raw materials, shrimp and catfish processors earned export revenues of $717 million and $650.3 million respectively, up 22 percent and 8.2 percent.

Tuna exports virtually doubled to $147 million.

Total exports were worth slightly more than $2 billion, 11.63 percent up from the same period last year.

The US oil spill and reduced harvests in big seafood exporting countries like India and Thailand scaled down global supply.

Vietnam shipped seafood to 163 foreign markets, with Europe remaining the largest buyer with $515 million followed by Japan with $373.6 million, and the US with $339 million, according to the customs department.

Exports for the whole year are likely to be $4.82 billion, according to the Ministry of Agriculture and Rural Development, up from $4.2 billion last year.

Source: Vietnam Business News

Creation of the Vietnam Tuna Association

Wednesday, December 1st, 2010

The Vietnam Tuna Association was established on Saturday in a bid to promote exports of the fish, Vietnam’s third-largest seafood export item after shrimp and pangasius.

Based in the coastal town of Nha Trang in central Khanh Hoa Province, the association, known as Vinatuna, will act as a bridge linking fishermen, traders and processors who can support each other.

Vinatuna will also help its members to apply modern technologies to increase the quality and output of tuna and reduce production costs so they can compete against regional and global rivals.

Vietnam, with more than 10,000 tuna fishing boats, is capable of catching more than 200,000 tonnes of the fish per year.

In the nine months ending September this year, the country exported 58,000 tonnes of tuna, generating a turnover of around USD 208 million, a 73 per cent year-on-year increase.

Source: Thanh Nien Daily