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King crab prices skyrocket as supply dries up

King crab prices skyrocket as supply dries up

King crabs have risen to their highest prices ever of VND2.5-3 million (US$106-128) a kilogram following a 30% increase since the end of last year.
Seafood exporter Minh Phu suffers $4.1M loss in Q1

Seafood exporter Minh Phu suffers $4.1M loss in Q1

Minh Phu Seafood, one of the country's biggest shrimp processors, reported a loss of VND95 billion ($4.1 million) in the first quarter, ending its seven-year streak of profitability.
May 7, 2023 | 06:34 pm PT
Seafood exports plummet

Seafood exports plummet

Seafood exports to most major markets have fallen by 17-50% this year.
April 20, 2023 | 12:00 am PT
PM promises support to revive plunging wood, seafood exports

PM promises support to revive plunging wood, seafood exports

Prime Minister Pham Minh Chinh has promised that the government would resolve the issues faced by the wood and seafood sectors to help revive their sharply declining exports.
April 13, 2023 | 06:37 pm PT
Aquaculture output grows 1.3% in two months

Aquaculture output grows 1.3% in two months

Vietnam's aquaculture output was estimated at 1.18 million tonnes in the first two months of 2023, rising by 1.3% year-on-year, according to the Ministry of Agriculture and Rural Development (MARD).
March 8, 2023 | 08:19 pm PT
Shrimp exports set for difficult year

Shrimp exports set for difficult year

Vietnam’s shrimp exports face challenges with prices decreasing and competition from Ecuador and India intensifying, according to the Vietnam Association of Seafood Exporters.
March 5, 2023 | 05:20 pm PT
Vietnam eyes $1B from seaculture product exports by 2025

Vietnam eyes $1B from seaculture product exports by 2025

Vietnam expects to rake in between 800,000 to $1 billion worth of seaculture product exports by 2025, according to a development project of the sector towards 2030 with a vision to 2045.
February 27, 2023 | 01:23 am PT
Vietnamese favor Canadian lobsters, snow crabs

Vietnamese favor Canadian lobsters, snow crabs

Vietnam spent US$65 million importing Canadian seafood, mainly lobsters and snow cabs last year, doubling 2021 imports and trebling 2020.
February 25, 2023 | 11:51 pm PT
Seafood exporter Minh Phu reports surge in profits

Seafood exporter Minh Phu reports surge in profits

Minh Phu Seafood Corp., a leading shrimp exporter, reported consolidated after-tax profits of nearly VND840 billion (US$35.6 million) last year, up 27% from 2021 and its highest since 2015.
February 20, 2023 | 07:36 pm PT
Inflation takes toll on seafood companies’ profits

Inflation takes toll on seafood companies’ profits

Major seafood producers saw profits plummet in the last quarter of 2022 as inflation hit consumption and costs rose.
February 11, 2023 | 03:28 am PT
Agriculture exports reach new peak in 2022

Agriculture exports reach new peak in 2022

Vietnam’s agriculture, forestry and fishery sector saw the value of exports climb 9.3% from 2021 to $53.22 billion for the year, reaching a new peak.
January 5, 2023 | 06:11 am PT
Export of aquatic products estimated at record $11B

Export of aquatic products estimated at record $11B

Vietnam’s aquatic products are expected to earn about a record $11 billion from export this year, up 23.8% annually and 22% compared to the plan, said Deputy Minister of Agriculture and Rural Development Phung Duc Tien.
December 27, 2022 | 07:18 pm PT
Global inflation hits major seafood exporters

Global inflation hits major seafood exporters

Rising global inflation caused sales of two major seafood exporters Vinh Hoan and Sao Ta to plunge as consumers in their main markets tighten spending.
October 13, 2022 | 03:15 pm PT
Seafood exports to US surge 22% in 9 months

Seafood exports to US surge 22% in 9 months

Vietnam’s seafood exports to the U.S. rose 22% year-on-year to $1.8 billion in the first nine months as Americans remain the biggest buyers of Vietnamese seafood.
October 4, 2022 | 01:44 am PT
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