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Retail Asia06/04/2022

Vietnam’s seafood exports grew by 40 percent year-on-year in Q1 to US$2.4 billion despite direct impacts of the ongoing Russia-Ukraine crisis. The growth was led by shark catfish, whose exports increased by 88 percent to $646 million and accounted for 27 percent of overall exports, according to the Vietnam Association of Seafood Exporters and Producers […]

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Retail Asia09/03/2022

Vietnamese exporters of seafood to Russia and Ukraine are in trouble, with some reporting double-digit percentage declines as the military confrontation between the two countries continue. Five Vietnamese catfish exporters to Russia have reported a year-on-year drop in export value by 29.8 percent to $2.18 million in January, according to data from the Vietnam Association […]

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Retail Asia26/10/2021

Seafood exports rose by 2.8 percent year-on-year in the first nine months of the year to US$2.4 billion, according to the Vietnam Association of Seafood Exporters and Producers. Tuna, squid and octopus accounted for the highest proportion of the exports. Bivalve mollusk exports soared 39 percent to $99.6 million. The five biggest markets for squid […]

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Retail Asia20/09/2021

The decline this year in shrimp and fish farming in the Mekong Delta threatens to cause a serious shortage of raw materials for processors in the coming months. “We have increased shrimp prices, but many farmers are still worried that Covid outbreaks will affect prices later, and so have reduced their production,” Le Van Quang, […]

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Retail Asia06/09/2021

Vietnam’s seafood export turnovers stood at $520 million in August, down 36 percent against the same month last year due to Covid-19 outbreaks. Last month, only 30-40 percent of seafood enterprises in the south ensured the stay-at-work mode, mobilizing 40-40 percent of employees to work, eat and sleep at factories, so their production capacity dropped […]

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Retail Asia03/09/2021

Minh Phu Seafood, one of the country’s biggest shrimp processors, reported a 9 percent rise in revenues to over VND6.1 trillion ($269 million) in the first half of the year. The HCMC company said however the pandemic is causing disruption in sales, especially in North America, its biggest market. Its net profit rose nearly 20 […]

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Retail Asia09/08/2021

The prices of imported king crabs and abalones have risen by 30-50 percent in HCMC due to limited supply caused by mobility restrictions. King crabs are sold at VND2.5-2.9 million ($109-126) per kilogram, 50 percent higher year-on-year. Australian and South Korean abalones are sold at 30 percent higher at VND1.6-1.8 million. Salmon prices are up 18 […]

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Retail Asia27/07/2021

A seafood export recovery has helped bigger firms boost profits while smaller ones have struggled with the spike in shipping rates. Seafood exports topped $4 billion in H1, a year-on-year increase of 15 percent, according to the General Department of Vietnam Customs. In Q2 particularly, seafood export turnover increased by more than 21 percent over […]

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Retail Asia26/04/2021

It attributed the falling profit to a 20 percent drop in income from financial activities and a 27 percent increase in cost of goods sold during the period. The company also said that the pandemic has changed consumer behavior in its main export markets like the U.S., Japan, Canada, Australia and New Zealand. They have […]

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Retail Asia02/03/2021

Seafood exports in the first two months of 2021 rose by 2.2 percent year-on-year to over $1 billion, according to the Vietnam Association of Seafood Exporters and Producers. Pangasius fish accounted for 21 percent of the exports at $214 million, up 1.7 percent. Shrimp exports topped $380 million, a year-on-year decrease of 0.8 percent. VASEP […]

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Retail Asia29/01/2021

Seafood processing company Vinh Hoan Corporation has bought a 51.29 percent stake in the Sa Giang Import-Export Corporation. It bought 3.56 million shares from the State Capital Investment Corporation (SCIC) at VND97,500 per share in a deal worth almost VND350 billion. SCIC had planned to auction the shares in July 2020 at a starting price […]

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Retail Asia18/02/2020

Seafood exports in January fell 25 percent year-on-year and are set to continue falling due to the novel coronavirus outbreak. They fell to $556 million, with exports of pangasius fish falling by 64 percent, octopus by 50 percent and tuna by 30 percent, the Vietnam Association of Seafood Exporters and Producers said in a report. […]

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Retail Asia07/05/2019

Tiger creates experiential space. Tiger Beer has unveiled Tiger Street Lab at Singapore’s Jewel Changi – billed as the brand’s first global experiential concept store. Tiger Street Lab expands the brand beyond beverages into food, fashion and design, in an ‘open-air’ space overlooking the world’s tallest indoor waterfall at the heart of the new shopping […]

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Retail Asia20/02/2019

Vietnam hopes to export $10 billion worth of seafood this year, meeting its 2020 goal a year early. The Vietnam Association of Seafood Exporters and Producers (VASEP) said at a recent conference it would include $4.2 billion worth of shrimp, $2.3 billion worth of pangasius fish and the rest from other products. Minister of Agriculture […]

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Retail Asia29/01/2019

Gourmet Investments Pvt. Ltd brings Mumbai’s most awaited launch of the year with the unveiling of Ministry Of Crab’s first-ever outlet in India. The grand launch of Sri- Lanka’s beloved restaurant is scheduled to take place at Zaveri House, Khar, Mumbai. Ministry Of Crab is the brainchild of celebrated chef and restaurateur Dharshan Munidasa in partnership with […]

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Retail Asia18/01/2019

Agifish, a major seafood company, reported a second straight year of losses in 2018 as both exports and domestic sales fell. The recently released 2018 audited financial report of one of Vietnam’s 10 largest seafood export companies puts its loss at VND178 billion ($7.66 million). The An Giang Fisheries Import Export Joint Stock Company, to […]

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Retail Asia26/11/2018

Singapore-headquartered multi-dining concept food and beverage operator Jumbo Seafood has opened its first franchised seafood restaurant in Bangkok. The 9500sqft venue is the group’s fifth franchised location worldwide, with other outlets established in Fuzhou, Ho Chi Minh City, Taipei and Taichung. There are now 16 Jumbo seafood restaurants across Asia. The new Bangkok restaurant is […]

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Retail Asia28/06/2018

Truong Dinh Hoe, general secretary of the Vietnam Association of Seafood Exporters and Producers (VASEP), noted that the seafood volume sent to the European Union (EU) will drop as both exporters and importers will suffer from more time-consuming customs clearance procedures, resulting in higher costs. VASEP deputy general secretary Nguyen Hoai Nam pointed out that […]

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Retail Asia22/06/2018

Almost unnoticed, ASEAN is emerging as big market with big potential for Vietnamese seafood, industry insiders say. Vietnam exported $612 million worth of seafood last year to ASEAN countries, 9.2 times the $66 million in 1998. Local media reports have cited the Vietnam Association of Seafood Exporters and Producers (VASEP) as saying that last year, […]

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Retail Asia07/02/2018

Saudi Food and Drug Authority (SFDA) has decided to temporarily suspend the import of fish and shrimps from Việt Nam. The ban, effective from March 1, is in accordance with the regulatory procedure for fish and other aquaculture export establishments of SFDA, according to a note published on the Saudi Aquaculture Society’s website. The decision […]

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