AsemconnectVietnam - In recent years, Israel has consistently been a top export market for Vietnamese tuna, following the US and EU. Therefore, the recent escalating tension between Israel and Iran is affecting Vietnam's tuna exports to this market. Enterprises are worried about having to halt export orders to this market in the coming months.

According to statistics from Vietnam Customs, tuna exports to Israel in 2023 increased by 37% compared to the previous year, reaching over $50 million. On July 25, 2023, the Vietnam-Israel Free Trade Agreement (VIFTA) was signed, creating many favorable conditions for Vietnam to promote seafood exports, including tuna, to this market. Therefore, in 2024, tuna exports to this market have continued to grow strongly since the beginning of the year. However, in the last 3 months, exports to the market have shown signs of instability, with a 31% decrease in July. In August, exports increased again but the growth rate was not high, only 20% compared to the same period.
Ca Mau: Strengthening international seafood trade connections
As Vietnam’s southernmost province, Ca Mau boasts abundant natural resources, particularly in fisheries and renewable energy, attracting significant international investment. The presence of international businesses in Ca Mau plays a pivotal role in driving economic growth and sustainable development, not only for the province but also for the entire Mekong Delta region.
Cà Mau is renowned for its abundant seafood resources, which have become one of the province's key export sectors, accounting for a significant portion of its annual export revenue. International businesses, especially from Japan, South Korea, the United States, and the European Union, have made substantial investments in aquaculture, seafood processing, and export operations in the province. Several large corporations such as Minh Phu and Fimex VN have forged partnerships with international counterparts to expand export markets and enhance product quality. Investments in advanced processing technologies from developed countries have helped increase the added value of products, creating jobs for local residents and contributing to economic growth.
Sao Ta: achieves nearly $4.5 billion of revenue in the first nine months of the year
Sao Ta Food Joint Stock Company (Sao Ta) reported that its finished shrimp production in September 2024 reached 2,309 tons; finished shrimp consumption reached 2,638 tons, an increase of 47% over the same period. Sao Ta has recently announced its sales for September 2024. The company recorded revenue of USD 30.16 million for the month, up nearly 49% compared to the same period last year.Sao Ta has recently announced its sales for September 2024. The company recorded revenue of USD 30.16 million for the month, up nearly 49% compared to the same period last year.
Specifically, Sao Ta reported that finished shrimp production in September 2024 reached 2,309 tons, slightly decreasing compared to the same period. Finished shrimp consumption was 2,638 tons, up 47% year-on-year. Finished agricultural product production was 77 tons, down 10% year-on-year, while sales volume of these products fell by 2% to 126 tons.
Accumulated in the first nine months of the year, Sao Ta’s total revenue is estimated at nearly $187 million, equivalent to VND 4,510 billion (based on the current exchange rate). The company has set a full-year sales target of $210 million, meaning it has already achieved 89% of this goal.
Can Tho: Seafood exports reach over US$ 387 million
Can Tho's seafood export output in the past 9 months is estimated at 118,000 tons with a turnover of over US$ 387 million. Many aquaculture areas of Can Tho have VietGAP standards to meet the requirements for export, increasing the value of aquaculture products in the area. According to the Department of Fisheries of Can Tho City, the city's aquaculture area in the past 9 months was over 7,900 hectares, an increase over the same period last year. The harvested area was over 3,100 hectares with over 162,000 tons of output, equal to 98% over the same period in 2023. Currently, the selling price of raw pangasius ranges from 26,500 - 27,500 VND/kg, an increase of 500 - 1,000 VND/kg, the average price is 26,000 - 27,000 VND/kg.
For the aquaculture areas which have VietGAP and BAP + ASC standards (A set of assess output ment standards applied to the aquaculture industry to help manage responsible and effective aquaculture) in Can Tho is 193 hectares.
Currently, the city has 77 facilities for producing and raising aquatic breeds of all kinds, including 15 facilities for producing shrimp breeds and 62 facilities for producing and raising fish breeds.
Kiên Giang: Aquaculture sees positive growth
In the first nine months of 2024, aquaculture in Kien Giang province has shown potential growth, helping to offset the decline in capture fisheries.
The total value of aquatic product production in Kiên Giang province increased by over 2.89% in the first nine months of 2024; the total output of both capture and aquaculture increased slightly compared to the same period last year. Specifically: The value of aquatic product production in September 2024 is estimated at over 3,278 billion VND, down 7.44% compared to the previous month but up 5.36% compared to the same period last year: the value of capture fisheries decreased by 9.90% compared to the previous month, down 3.83% compared to the same period; the value of aquaculture decreased by 6.03% compared to the previous month, up 11.19% compared to the same period. In the first nine months of 2024, the value of aquatic product production is estimated at 26,339.90 billion VND, reaching 73.64% of the annual plan, up 2.89% compared to the same period last year.
Capture fisheries in the province continue to decline; aquaculture is growing well, helping to compensate for the decline in capture fisheries and contributing to the relatively high growth of the fisheries sector.
T.Huong
Source: Vasep