NEWS - www.vnseafoods.com

Last week, our team had the incredible opportunity to attend THAIFEX 2023, one of Asia's premier food and beverage exhibitions held in Bangkok, Thailand.

According to a survey by the China Culinary Association, after the 2023 Chinese New Year, food service companies had a 25% increase in operating revenue compared to 2022.

Although still up 31% over the same period, the export turnover of 179 million USD in October recorded the lowest level since the beginning of 2022. The export growth rate over the same period last year was also the lowest. By the end of October, Vietnam pangasius exports reached 2.1 billion USD, up 75% compared to the same in 2021.

Seafood Expo Asia is a trade event where buyers and suppliers of seafood from around the world come together to network and conduct business in the lucrative Asia markets. The event was from 14-16 September 2022 at the Suntec Singapore Convention & Exhibition Centre in Singapore. 

China removed the policy of suspending the import of frozen food contaminated with Sars-COV-2 virus after nearly 2 years of implementation. 

Shrimp export to this market has recorded considerable growth in the past two years and is evaluated to have further opportunities to thrive in the near future.

In the first 5 months of this year, Vietnamese pangasius processing factories have made every effort to run at full processing capacity, with a total export value of 1.21 billion USD, an increase of nearly 90% compared to the same period last year. The good growth in most major export markets compensated for more than 3 years the pangasius industry was severely damaged by Covid-19. It is forecasted that pangasius exports can reach $2.6 billion this year. 

In April 2022, Vietnam seafood exports continued to bring in over 1 billion USD with strong growth of 41% over the same period in 2021. Accordingly, total Vietnam seafood export for the first 4 months of the year is expected to reach $3.6 billion, 44.5% higher than the same period last year.