With its geographic proximity to Vietnam and its huge demand for shrimp, China should be a major market for Minh Phu's shrimp, company chairman and CEO Le Van Quang told SeafoodSource.
But in 2018, Minh Phu exported only 450 metric tons (MT) of shrimp to China, worth USD 6 million (EUR 5.3 million), a modest total compared with USD 305.7 million (EUR 273.4 million) the company earned from selling into the U.S. market.
This is likely to change… Read More
Continuing the country’s positive momentum from the back end of 2018, Vietnam’s seafood production continue to grow in the first two months of 2019, reaching an estimated 988,300 metric tons (MT), up 4.6 percent year-on year, according to latest data from the General Statistics Office.
Of that total, the output from aquaculture in the period was estimated at 464,700 MT, up 3.9 percent, while wild-catch fisheries contributed an… Read More
Tuna importers and exporters in Vietnam are complaining that their business operations have been severely impacted due to new requirements from the country’s Ministry of Agriculture and Rural Development, according to statements from Vietnam Association of Seafood Exporters and Producers (VASEP).
There are two circulars from the ministry that are now affecting both importers and exporters of tuna, VASEP said.
On 25 December, 2018, the… Read More
Viet Uc Seafood Corp., a leading shrimp breeding company in Vietnam, expects to start production at its new high-tech shrimp farm in April, the company’s controlling director, Vu Duc Tri, told SeafoodSource in an interview in Ho Chi Minh City on 21 February.
The company, which is the only producer of shrimp broodstock in the country, will begin operations at the new facility focused on shrimp breeding operations, and then expand to… Read More
Vietnam is hoping to take in USD 10.5 billion (EUR 9.26 billion) from exports of its seafood products in 2019, up 19.5 percent from last year, according to a statement from Vietnam’s General Department of Fisheries.
The country also plans to achieve seafood output of 8.08 million tons (MT), up 4.2 percent year-on-year, including 4.38 million MT of farmed species – 5.6 percent higher than 2018 – and 3.7 million MT of wild-caught… Read More
Vietnam had to lower shipments of shrimp to China last year as the latter reduced imports due to a high stockpile and increased inspections against trading activities through inland border areas, according to Vietnam Association of Seafood Exporters and Producers (VASEP).
The Southeast Asian nation exported shrimp worth nearly USD 450 million (EUR 392.8 million) to China from January to November last year, falling 29.5 percent from 2017,… Read More
Vietnam’s largest shrimp producer, Minh Phu Seafood Corp., ended 2018 with both export volumes and export value increasing substantially compared with 2017, Le Van Quang, chairman and CEO of Minh Phu, told SeafoodSource on 8 January.
The company exported nearly 67,500 metric tons (MT) of shrimp last year, jumping 19.6 percent year-on-year. The export value in 2018 was USD 751 million (EUR 656.2 million), up 7.7 percent from 2017.
In… Read More
Vietnam is pushing to implement recommendations from the European Commission in advance of a new round of inspections that the country’s leaders hope will lead to the elimination of a warning label it received from the commission last year.
The E.C. issued a “yellow card” to Vietnam in October 2017, warning the Pacific country it could ban its seafood exports entirely unless Hanoi did more to tackle illegal, unreported, and… Read More
The tariff conflict between the United States and China has enabled Vietnam and other tuna exporters to increase shipments to the United States and this trend is expected to continue in the coming months, Vietnam Association of Seafood Exporters and Producers (VASEP) said in a statement last week.
In October, Vietnam exported tuna worth USD 26 million (EUR 22.9 million) to the United States, soaring 35 percent from the same month in 2017 and up… Read More
Following a recent visit, a delegation from the European Parliament’s Committee on Fisheries has praised Vietnam’s to fight illegal, unreported, and unregulated fishing (IUU).
The seven-member delegation, led by Gabriel Mato – a member of European parliament and committee spokesperson – held a number of high-level meetings with the prime minister, the vice chairman of the national assembly, ministers, and officials from… Read More