Vol.VASEP TRAINING 15, 2011 1 Issue 21 August & TRADE PROMOTION CENTER (VASEP.

PRO)

USEF U L TO T H E L A ST PAGE
VIETNAM FISHERIES NEWSLETTER VIETNAM FISHERIES NEWSLETTER

Bi-weekly e-Publication
VIETNAM FISHERIES NEWSLETTER

Pangasius exports to Canada in June reached the highest Seafood Export, Jan - Jun 2011 ZERO PERCENT TAX FOR RAW FISH IMPORT TO BOOST SEAFOOD EXPORT
www.vasep.com.vn

issu

www.pangasius-vietnam.com

21
e

THE CONTENT
BUSINESS NEWS

Vol. 1 Issue 21 August 15, 2011

HaLong Simexco remained exports of fish cake to Japan Coimex to increase labour salary by 30%

2 3 5 6 7 8 10 11 14 17 19
In charge of publication Nguyen Hoai Nam (Mr) Deputy General Secretary of VASEP Director of VASEP.PRO In charge of content Le Hang (Ms) Deputy Director of VASEP.PRO (+84). 4. 38354496 (ext. 204) Email: lehang@vasep.com.vn Managing Editor Nguyen Thi Bich (Ms) (+84). 4. 38354496 (ext. 204) Email: bichnt@vasep.com.vn Marketing Assistant Nguyen Thi Van Ha (Ms) Tel: (+84-4) 38354496 (ext.216) E-mail: vasepnews@vasep.com.vn Executive Office: VASEP.PRO 10 Nguyen Cong Hoan Str., Ba Dinh Dist., Hanoi, Vietnam. Tel: (+84-4) 38354496 Fax: (+84-4) 37719015 Email: vasep.pro@vasep.com.vn

NEW LEGAL DOCUMENTS

The official letter No. 1330: Guides on checking and granting certificate for fish oil exports to EU

SHRIMP
Whiteleg shrimp farming under GlobalGAP standards Shrimp Export to markets, Jan - Jun 2011

PANGASIUS

Pangasius exports to Canada in June reached the highest Pangasius Export to markets, Jan - Jun 2011

MARINE PRODUCTS
Seafood Export, Jan Jun 2011 Tuna Export, Jan Jun 2011

NEWS AND EVENTS

Vietnam maintained tuna export growth to the U.S. in the first six months of 2011 Zero percent tax for raw fish import to boost seafood export
All rights reserved copyright VASEP. Quotations or copying in whole or part only by prior agreement with VASEP.

US$ 200 a soft copy of 25 issues, whole year (via email) US$ 20 a hard copy of an individual issue ( post office fee included)
Name: Position: Company: Address: Email: Phone: Fax:

VASEP NEWS

Yes, Please start my subscription to VASEP News

How to pay:

By Cash: 10 Nguyen Cong Hoan Str., Ba Dinh Dist., Hanoi, Vietnam By wire transfer: Total payment to our bank
Name of Account Holder: VASEP Training & Trade Promotion Center Account Number: Bank Name: City, Postal Code: Country: SWIFT/BIC code: TGMS: 28554939 (VN) 28555059 (USD) ASIA COMMERCIAL BANK Hanoi, 84 Vietnam ASCB VNVX ACB

(Wire transfer fees are the responsibility of the customers)

Please fill and return this form by mail, fax or email to: VASEP Training & Trade Promotion Center 10 Nguyen Cong Hoan Str., Ba Dinh Dist., Hanoi, Vietnam Tel: (+84-4) 38354496 Fax: (+84-4) 37719015 Email: vasepnews@vasep.com.vn

BUSINESS NEWS

Vol. 1 Issue 21 August 15, 2011

HALONG SIMEXCO Mr. Trinh The Hiep General Director Add: 409 Le Lai Street, Ngo Quyen District, Hai Phong City Tel: +84 31 3836440/3768018 Fax: +84 31 3827167 Email: halongsimexco@hn.vnn.vn Web: www.halongsimexco.com.vn

In the first six months of 2011, Ha Long Service and Import Export JSC (HaLong Simexco) remained exports of fish cake to Japan. Up to the end of June 2011, the company shipped 6.12 MT of frozen octopus; 23.7 million of fish cakes; 28.9 MT of frozen squid with the total value of nearly US$1 million in which frozen squid export volume was up remarkably but frozen octopus export volume was down significantly against those of the same period of 2010. In June 2011, HaLong Simexco exported 2.4 MT of octopus and 4.7 million of fish cakes; worth US$182.5 thousand to Japan. Like a lot of seafood processors and exporters in the North of Vietnam, HaLong Simexco is facing with the scarcity of raw material to process and export.

HaLong Simexco remained exports of fish cake to Japan

NGOPREXCO kept facing short raw material supply

NGOPREXCO Mr. Huynh Chau Sang Chairman and Director Add: 326-328 Ngo Quyen Street, Vinh Lac Ward Rach Gia Town, Kien Giang Province Tel: + 84 77 3862160/3942002 Fax: +84 77 3924331 Email: ngoprexco@vnn.vn Web: www.ngoprexco.com.vn

Ngo Quyen Processing Export Joint Stock Company (NGOPREXCO) stated that demand for squid and octopus products is currently higher but the company could not purchase enough raw material for processing. It was difficult for NGOPREXCO to access to raw material due to drop in domestic supply in recent years. The situation was tougher when the company had to deal with cruel competition from Chinese traders who were ready to pay high price for a large volume of raw fish without requirements of quality. In first six months of 2011, NGOPREXCO produced 880 MT of marine fish of all varieties, of which cephalopods were 600 MT. It shipped abroad 776 MT of finished seafood products, valued US$4.12 million. Total revenue reached more than VND90 billion. From June, global buyers have increased the import demand to prepare goods for end-of-year holidays. However, domestic raw material supply is still short; and it is expected to be more severe because fishermen could not go offshore fishing due to spike in all input costs.

CL-FISH CORP Mr. Nguyen Xuan Hai Vice General Director Add: 90 Hung Vuong Street, My Quy Industrial Zone, Long Xuyen City, An Giang Province Tel: +84 76 3931000 Fax: +84 76 3932446 Email: clfish@vnn.vn Web: www.clfish.com

CL-Fish recorded a rise in post-tax profit

In Q.II/2011, Cuu Long Fish Joint Stock Company (CL-Fish Corp) gained US$51.16 billion of post-tax profit, up 156 percent from the same period last year because the second quarter coincided with the harvesting time of its farms. Fish harvested from its owned farms accounted for 70 percent of pangasius supply for processing in this quarter, General Director Tran Thi Van Loan said. The raw fish price offered by local suppliers was up 67 percent from a year ago, but the cost of its owned farmed fish was at VND18,000 per kilogram. In addition, CL-Fish got higher net profit in the second quarter of 2011 because it increased the export price by 33 percent from Q.II/2010. According to Vietnam Customs, in the first half of 2011, CL-Fish ranked the 8th among the largest pangasius exporters of Vietnam, with 8,855 MT of finished products, worth US$21.15 million.

www.vasep.com.vn

www.pangasius-vietnam.com

BUSINESS NEWS

Vol. 1 Issue 21 August 15, 2011

Coimex to increase labour salary by 30%

COIMEX Mr. Le Van Khang Chairman and General Director Add: 40 Le Hong Phong Street, Ward 4 Vung Tau City, Ba Ria Vung Tau Province Tel: + 84 64 3837794/3839507 Fax: + 84 64 3839360 Email: coimexco-cty@hcm.vnn.vn Web: www.coimexvn.com

According to Mr. Le Van Khang, Chairman and General Director of Condao Seaproducts and Import Export Joint Stock Company (Coimex), this year, the company met many advantages when exporting to the EU and Asia which represented high demand of surimi with stable prices. Coimex gained more profit than the previous years. Up to the end of July 2011, Coimex exported over 9,100 MT of surimi, bringing US$20 million. The EU was the biggest market, accounting for a 70 percent proportion in the companys total exports. The rest was Asian markets. Coimex has now traded abroad all of its surimi products. According to the company, sharing benefits with fishermen, respecting payment deadline, and developing a nationwide chain of distributors are key factors to ensure raw material supply for processing until the end of the year. From the beginning of 2011, to keep its staff, Coimex has increased salary by 30 percent. It was monthly VND5 million per person. It is the way Coimex shares difficulties with its labours when the living cost is soaring, Mr. Khang said. If the global market remains stable, Coimex expects to ship abroad 20 thousand MT of finish products and gain US$45 million this year. Coimex is one of the rare enterprises in Vietnam recording a stable export volume of surimi in the first half of 2011. Currently, it has been awarded the prize of 2010 Prestige Export Enterprise by Ministry of Industry and Commerce for its progress in export, prestige and social responsibility.

Thuan Phuoc Corp faces a lot of difficulties in seafood exports

THUAN PHUOC CORP Mr. Tran Van Linh Chairman and General Director Add: Tho Quang Industrial Zone, Tho Quang Ward, Son Tra District, Da Nang City Tel: +84 511 3920920/3920779 Fax: +84 511 3920997/3923308 Email: seafood@thuanphuoc.vn Web: www.thuanphuoc.vn

In the first seven months of 2011, Thuan Phuoc Seafood and Trading Corp (Thuan Phuoc Corp) exported over 4,300 MT of seafood, with export turnover of more than US$36 million, up nearly 60 percent against that of the same period last year. The result was not as satisfactory as expected - Mr. Tran Van Linh - Chairman and General Director of the company said. In the first seven months this year, among the companys seafood export items, frozen shrimp made up 4,100 MT, the others are frozen marine finfish and frozen cuttlefish. Until the end of July 2011, EU is still the biggest seafood importer of the company with 2,000 MT, followed by the U.S. and Japan. In Jan - Jul 2011, despite the companys export turnover was higher than that of Jan - Jul 2010, its profit was not high due to low average export price and the soaring input costs (raw material, fuel). Currently, the high price and scarce supply of raw material cause a lot of challenges to the company in meeting demand of customers. The companys seafood exporting and processing activities in 2011 is even more difficult than those of 2008 - the worst year in the past decade when production cost rose sharply and unstably, Mr. Linh said. In this context, the loans from banks can not support the company because of complicated procedures and high interest rate.

www.vasep.com.vn

www.pangasius-vietnam.com

BUSINESS NEWS

Vol. 1 Issue 21 August 15, 2011

MINH PHU SEAFOOD CORP Mr. Le Van Quang General Director Add: Industrial Zone Ward 8, Ca Mau City, Ca Mau Province Tel: +84 780 3838262/3839391 Fax: +84 780 3833119/3668795 Email: minhphu@minhphu.com.vn Web: www.minhphu.com

Minh Phu Seafood Corp to run Minh Phu Hau Giang plant

In middle July 2011, Minh Phu Hau Giang shrimp processing plant started working with a production capacity of 40 thousand MT of finished products per year, according to Mr. Le Van Diep, Vice General Director of Minh Phu Seafood Corporation (Minh Phu Seafood Corp). It is expected to reach output of 10.6 thousand MT of shrimp products up to the end of 2011. Currently, Minh Phu Seafood Corp has three shrimp processing plants in Ca Mau, province in Mekong Delta, representing a total operating capacity of 2,5 3 thousand MT per month. The company continues recruiting and training skilful labours with an aim to boost processing capacity to complete the yearly plan and shrimp orders in the last four months of 2011. In this time of the year, farmers in Mekong Delta are harvesting a large volume of whiteleg shrimp, so Minh Phu Seafood Corp can assure stable operation of processing plants and balance the proportion between whiteleg shrimp and black tiger shrimp. To mobilize enough capital for the new plant, Minh Phu Seafood Corp raised capital of Minh Phu Hau Giang Seafood Processing Company an affiliate in Hau Giang province which was in charge of realizing the plant construction project from VND500 billion to VND600 billion. This has changed the proportion of capital hold by the mother company. Minh Phu Seafood Corp accounts for 97.5 percent of its affiliates charter capital now. In first seven months of 2011, Minh Phu Seafood Corps exports recorded continuous growth and the company remained the first place in the top seafood exporters in Vietnam.
www.pangasius-vietnam.com

www.vasep.com.vn

NEW LEGAL DOCUMENTS

Vol. 1 Issue 21 August 15, 2011

On 8th July 2011, Ministry of Agriculture and Rural Development (MARD) promulgated the Decision No. 1523/Q-BNN-TCTS on approving the plan of developing marine finfish culture by 2015 and the orientation towards 2020.

The Decision No. 1523: Planning to develop marine finfish culture by 2015 and vision 2020
pariwinkle snail), seaweed in order to promote economic efficiency, protect the environment and reduce the risk of diseases. Cage groups are placed separately with the distance of 500 -1,000 meters. The area of each group of cages does not exceed 1 hectare. By 2015, the industry targets to reach 61 thousand MT of marine finfish farmed in the saltwater and brackishwater ponds and 98 thousand MT by 2020. The production of marine finfish farmed in small cage systems expects to reach 44 thousand MT by 2015 and 51 thousand MT until 2020. Industrial finfish farming expects to bring the output of 55 thousand MT by 2015 and 111 thousand MT until 2020. Towards 2015, the total production of marine finfish breeding will reach 160 thousand MT, worth US$1.04 billion and 200 - 260 thousand MT, worth US$1.8 billion by 2020.

Accordingly, the fisheries industry will develop marine finfish culture in cages in bays, estuaries, and coastal areas with the low investment cost and expand industrial fish cage breeding in offshore bays of Quang Ninh, Phu Yen, Khanh Hoa, Vung Tau, Kien Giang provinces and in the saltwater and brackishwater ponds. The industry plans to develop multi-species farming, particularly species make high-profit, huge production and ones are used for processing for export such as cobia, bream, American red snapper, grey snapper. The industry will combine marine finfish rearing with other fish species such as mollusks (blue mussel, oyster,

On 28th July 2011, National Agro-Forestry-Fisheries Quality Assurance Department (NAFIQAD) sent the official letter No. 1330/QLCL-CL1 to Nafiqad branches in 6 regions. The official letter guides on the food safety control for fish oil consignments exported to EU as follow:

The official letter No. 1330: Guides on checking and granting certificate for fish oil exports to EU

+ Heavy metal residues: Allowable limit of heavy metals (Lead) is 0.10 milligrams per kilogram, maximum limit of other heavy metals (Cadmium, Mercury) on tuna meat must comply with the regulation in the document by EC 1881/2006 and 420/2011 of the European Commission. + Organochlorine pesticide residues: Must abide by the regulation of the document EC 396/2005 of the EC. + Histamine: Under the regulation of the document EC 1441/2007, the inspectors must inspect the consignments which have the hazard to Histamine. - Applying the certificate form for fish and fish products consignments exported to EU under the regulation of the document EC 1250/2008 and guiding documents of NAFIQAD.

- Checking and sampling the consignments pursuant to the Circular No. 78/2009/TT-BNNPTNT (issued on 10th December 2009) and regulations on the inspection and certification of food hygiene and safety of fish products promulgated by the Decision No.118/2008/ Q-BNN dated 11th December, 2008 by MARD. - Based on checking the production documents and the quality management of the fish oil consignments, the inspectors will sample for test according to following criteria:

www.vasep.com.vn

www.pangasius-vietnam.com

SHRIMP Shrimp on display in Tokyo

Shrimp was among the most prominent items displayed at the 13th Japan International Seafood & Technology Expo, held from July 27 to 29 at Tokyo Big Sight. Vietnamese, Thai, Malaysian, Indian and Chinese booths all featured prawns, with Indonesia the only major producer absent. Yet, each country took a different competitive strategy. Murkhalis Mokhter, director of integrated Maylasian aquaculture company Amban Wibawa Sdn Bhd., said that while his company has long been a leading tilapia exporter, the companys vannamei shrimp farm is new. The production sites are located far from other operations to avoid the spread of diseases. While he is promoting in Japan and elsewhere, exports are strongest to Saudi Arabia and other Gulf Arab countries, due to the companys Halal certification. Unlike Jewish rules for kosher foods, crustaceans are acceptable in Islam. Though there are no special slaughtering requirements as for beef, producers must take care that no pork offal is used as a feed ingredient. In the spring, a deadly outbreak of microsporidiosis wiped out approximately 30 percent of annual shrimp production of Vietnam. A manager at one company said that many farmers restocked as late as July, which means newly harvested product may not be available until October, with larger sizes in September or November: The volume of processed product for Japan should be sufficient for the New Year, but may not be for raw product, said the manager. The rep said, We cannot compete with India and Indonesia for the raw product. For headless black tigers, they can produce cheaper. Thailand can also further process, but they sell vannamei. We can do further processed black tiger. The company also exhibited at the International Boston Seafood Show in March. We have many customers in the U.S. Comparing the two, the U.S. is bigger, but processed demand is growing faster in Japan, she said. Panita Boonyanandha of the Thai Frozen Foods Association said Thai shrimp production is about 90 percent vannamei because black tigers are more difficult to raise. They displayed just one breaded product: tailon vannamei. She said they offer fewer processed products than Vietnam because there are not as many processing facilities set up for it. But she expects more emphasis on processed in the future: We cant compete with China on raw product, so we will go toward processed. There is more profit in value-added. The Indian booth offered both black tigers and vannamei raw but were emphasizing large-sized vannamei, such as 16/20s and 21/30s. The Chinese exhibitors had a variety of shrimp products, along with a variety of seafood items, but did not appear to have a strong focus on shrimp. While China is emerging as a major vannamei producer, it also consumes much of its own production. According to the latest forecast by the United Nations Food and Agriculture Organization, in the first quarter of 2011, exporters in China reduced the export ratio to focus more on the local market. (SeafoodSource)
www.vasep.com.vn

Vol. 1 Issue 21 August 15, 2011

Whiteleg shrimp farming under GlobalGAP standards

The Research Institute for Aquaculture No.3 in Khanh Hoa province (a southern province of Vietnam) deployed the project on Developing whiteleg shrimp farming under GlobalGAP standards. The project support farmers in commercial shrimp farming, producing safe products and creating high economic efficiency. The project is implemented according to 3 models in 6 households with the area of 4 hectares . Households are sponsored 100 percent of frying cost, 11 percent of feed cost (less than VND70 million per household). Frying source is imported from Hawaii. Farming density is 120 - 150 pieces per square meter and time for raising is 3 months. According to GAP standards, farmers must obey techniques in selecting seed and farm location, feed for shrimp, using antibiotics, chemicals and bio-products, caring about farming ponds, health of farmed shrimp, sewage and wastes, shrimp harvesting and product preservation. After farming for test, if the project shows the satisfactory results, this farming model will be applied broadly.
www.pangasius-vietnam.com

SHRIMP
In the first six months of 2011, the U.S. became the largest importer of Vietnam shrimp with the volume of 19,344 MT, worth almost US$217 million, up 28.7 percent in volume and 40.8 percent in value from the same period last year. Vietnam shrimp exports expanded

Vol. 1 Issue 21 August 15, 2011

to 81 markets in the first half of 2011 from 78 ones a year ago. Japans proportion in total shrimp export fell sharply from 31.41 percent to 22.11 percent; while the EUs proportion up from 16 percent to 19 percent.

VIETNAM SHRIMP EXPORT TO MARKETS, JAN JUN 2011

No.
1 2 EU 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 Germany The U.K. Belgium France The Netherlands Italy Denmark Spain Portugal Sweden Poland Greece Cyprus Iceland Czech Austria Malta Latvia Bulgaria China Hong Kong Singapore The Philippines Malaysia Thailand Cambodia Indonesia South Korea Canada Taiwan Australia Switzerland Russia Egypt UAE Israel New Zealand The U.S. Japan

Markets

Volume (MT)
19,344 22,775 21,278 5,864 3,180 2,800 2,435 2,306 1,813 886 613 423 205 211 173 137 134 56 39 3 0.7 1 11,488 8,701 2,786 2,239 1,423 202 146 73 373 21 24,748 8,001 3,137 3,142 2,710 1,420 1,364 1,183 577 521 540

Value (US$)
216,557,738 214,718,599 185,208,582 53,829,405 26,340,538 26,014,461 21,334,166 20,800,232 11,491,919 8,833,490 4,675,902 3,513,870 1,912,542 1,860,090 1,671,514 1,372,476 910,352 320,668 261,427 41,080 13,200 11,250 108,695,948 81,890,492 26,805,456 16,270,079 12,587,580 1,704,505 1,403,263 339,041 122,576 113,113 229,658,058 64,305,043 34,424,093 29,453,017 27,200,937 17,618,919 13,413,180 8,706,979 5,806,072 5,242,315 4,625,966

No.
40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 Total Lebanon India

Markets

Volume (MT)
275 265 231 215 104 117 87 76 55 73 53 89 55 43 20 64 36 32 30 16 27 27 16 24 23 11 9 8 11 9 8 7 5 8 6 4 7 2 2 2 0.02 0.01 101,872

Value (US$)
2,685,464 2,632,312 1,846,355 1,514,073 910,216 862,688 803,319 789,327 609,548 584,703 516,159 501,656 448,679 435,620 396,100 385,233 379,677 300,336 249,158 242,328 199,335 191,729 176,259 176,060 151,488 111,904 103,698 94,047 77,194 76,970 64,003 63,207 53.448 51,664 50,381 35,640 32,998 25,066 19,649 13,656 115 80 971,109,004

Saudi Arabia Colombia Kuwait Dominica Ukraine Guam Norway Dominic Rep. Morocco North Korea Rumania Turkey Mexico Reunion Qatar Jordan Oman Barbados Uruguay Chile South Africa Croatia Nigeria Jamaica Fiji Polynesia Libya Seychelles Samoa Maldives Bahrain Albania Ghana Syria Belarus Montenegro Tunisia Equatorial Guinea New Caledonia Panama

CHINA & HONG KONG

ASEAN

OTHERS

Source: VASEP in cooperation with Vietnam Customs

www.vasep.com.vn

www.pangasius-vietnam.com

Vol. 1 Issue 21 August 15, 2011

www.vasep.com.vn

www.pangasius-vietnam.com

PANGASIUS

Vol. 1 Issue 21 August 15, 2011

Pangasius exports to Canada in June reached the highest

According to Vietnam Customs, from January 1st to July 15th 2011, Vietnam pangasius exports to Canada reached 7,096 MT, valued at US$22.36 million, up on those of the same period last year (6,165 MT and US$16.24 million) with an average export price of US$3.15 per kilogram, higher than that to other markets in the same period (US$2.61 per kilogram) and that of the same period last year (US$2.63 per kilogram). In the first half of July 2011, pangasius exports to Canada were reported at 255 MT, worth US$939.1 thousand, down on those of the same period last year (574 MT and US$1.527 million). In the first half of 2011, Vietnam pangasius exports to Canada were 6,840 MT, worth US$21.42 million in which fish export volume and value in June reached the highest level (1,745 MT and US$5.62 million) while exports of the fish in February reached the lowest level (557 MT and US$1.66 million), in January 892 MT and US$2.62 million, in March 1,159 MT and US$3.4 million and in April: 1,054 MT and US$3.3 million. Pangasius export value and volume to Canada in June 2011 reached the highest in the first half of 2011; average export price in May reached the highest level (US$3.32 per kilogram), followed by prices in June (US$3.23 per kilogram). Regarding monthly data, pangasius exports to Canada in February reached the lowest but the average price was higher than that of January and March. Specifically, the average price in Feb was US$2.98 per kilogram, higher than that of January (US$2.95 per kilogram) and March (US$2.94 per kilogram). The average price to Canada in March reached the lowest but fish export volume and value reached the third high. Vinh Hoan Corporation is still the leading Vietnam pangasius exporter among 36 Vietnam pangasius exporters to Canada, followed by Bien Dong Seafood Co., Ltd with pangasius exports of 783 MT, worth US$2.177 million and Docifish with 711 MT, worth US$2.146 million. Amanda Seafood Co., Ltd ranked the twentieth but its average export price (US$4.13 per kilogram) is the highest. From January to July 15th 2011, there were 224 Vietnam pangasius exporters to markets with 344,308 MT, worth US$897.3 million, up 4.8 percent in volume and 27 percent in value against those of the same period last year.

Vietnam pangasius exports to Egypt dropped

From 1st January to 15th July 2011, Vietnam pangasius exports to Egypt netted 8,522 MT, worth US$17.8 million, down on those of the same period of 2010 (11,515 MT, worth US$19.1 million). However, average export price to the market reached US$2.1 per kilogram, up on that of the same period of 2010 (US$1.67 per kilogram). The causes of the drop in Vietnam pangasius exports to Egypt are political instability as well as mass demonstrations in some big cities of Egypt. Besides, the importers steadily limited buying due to higher offer prices from Vietnam. In June 2011 Vietnam pangasius export volume to Egypt was 2,570 MT, reaching the highest in first 6 months of 2011 but lower than

that of June 2010 (2,848 MT) and the peak of May 2010 (2,929 MT). Egyptian importers have adapted the new offered price from Vietnam. According to Vietnam Customs,

in January and February 2011, the average export pangasius price to Egypt recorded US$1.7 per kilogram and US$1.59 per kilogram but increased to US$2 per kilogram in
www.pangasius-vietnam.com

www.vasep.com.vn

PANGASIUS
March 2011 and US$2.4 per kilogram in June 2011. This year, there is a decrease in the number of Vietnam pangasius exporters to Egypt against last year. From the early 2011 up to the first half of July 2011, there are 35 Vietnam pangasius exporters to Egypt, lower than 43 exporters of the same period of 2010. The leading Vietnam pangasius exporters are Agifish, CL-Fish Corp, Hung Vuong Corp, Godaco and Aquatex Bentre In 2011, among top 5 Vietnam pangasius exporters to Egypt, Agifish (the leading one) exported 1,653 MT, worth US$3.04 million. Hung Vuong Corp ranked the third

Vol. 1 Issue 21 August 15, 2011

with the export volume of 832 MT, worth US$1.61 million. Particularly, CL-Fish Corp surpassed Bianfishco to rank the second. In the first half of July 2011, Vietnam pangasius exporters exported 1,663 MT, worth US$3.66 million, higher than those of previous months, except for June 2011.

The draft Decree on the floor price for raw pangasius procurement

Ministry of Agriculture and Rural Development (MARD) is setting up a draft Decree on the management of production and consumption of pangasius. The draft Decree will be submitted to gain the Governments approval. According to the draft Decree, Viet Nam Fisheries Society (VINAFIS) in conjunction with Vietnam Association of Seafood Exporters and Producers (VASEP) and relevant societies will propose and announce an anticipated floor price for purchasing raw pangasius after the approval of the Steering Committee of production and consumption of pangasius in Mekong River Delta. The anticipated floor price for raw pangasius procurement is calculated
www.vasep.com.vn

based on input cost (frying, feed, medicine, finished products, labour, duties), other reasonable costs and the minimum 5 percent of profit of farmers. If the price for raw pangasius procurement on the market is equal or higher than the anticipated floor price, the State will not intervene. However, if the price for raw pangasius procurement is lower than the anticipated floor price, the price for raw pangasius procurement on the market will be regulated by MARD in conjunction with the Ministry of Finance, Vietnam Ministry of Industry and Trade, the State Bank of Vietnam and relevant societies. The minimum 5 percent of profit

of farmers is not enough for them to re-invest for the next season, especially with the current high bank loan rate of 18 - 20 percent. However, the minimum profit of 5 percent helps prevent farmers from leaving farming ponds uncultivated, Dr Nguyen Viet Thang, Chairman of VINAFISH said. The draft Decree points out the conditions for pangasius farming. Fish farms must be located in the planning areas approved by provincial Peoples Committees; fish farms must comply with Vietnam Good Agricultural Practice (VietGAP) issued by MARD; fish farms are encouraged to apply for certificates (Global GAP, ASC, SQF). Large-scale farms with the water acreage of more than 1 hectare are required to sign in advance purchasing contracts with processors. Farms with the water acreage of more than 3 hectares must have managers, technical officials, officials specialized in aquaculture. Fish farms with the water surface of more than 1 hectare must register the production of farmed fish at competent agencies such as Department of Agriculture and Rural Development and Sub-Department of Aquaculture.

www.pangasius-vietnam.com

PANGASIUS

Vol. 1 Issue 21 August 15, 2011

PANGASIUS EXPORT TO MARKETS, JAN JUN 2011

No.
EU 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27

Markets
The Netherlands Germany Spain Poland Italy The U.K. Belgium France Portugal Czech Greece Sweden Cyprus Denmark Slovenia Lithuania Hungary Austria Bulgaria Latvia Luxemburg Manta Slovakia Estonia Ireland Finland The U.S.

Volume (MT)
98,996 18,022 17,898 19,413 9,307 7,831 5,564 4,598 3,225 2,652 2,035 1,875 1,118 945 553 647 625 635 444 691 416 191 98 90 75 37 10 38,839 24,071 7,454 5,434 6,047 3,863 531 485 257 10,955 8,833 2,122 382 146,115 19,487 12,104 11,127 12,047 7,063 6,840 8,085 7,173 6,858 6,020 3,962 2,945

Value (US$)
266,800,153 51,791,009 50,239,307 50,188,680 20,446,578 20,082,237 16,877,734 13,830,847 10,181,862 7,070,474 5,263,778 4,873,814 3,233,676 2,553,829 1,705,638 1,442,004 1,358,748 1,190,398 1,180,065 1,116,712 754,560 732,772 249,834 164,580 136,070 107,452 27,495 134,727,411 53,485,133 18,340,690 12,312,190 10,428,538 9,867,476 1,312,241 739,235 484,763 23,399,967 18,560,007 4,839,960 1,549,667 348,708,629 48,568,961 28,089,553 27,273,330 26,147,131 22,548,875 21,422,443 19,147,701 16,593,496 14,211,497 13,198,110 8,861,143 7,440,363

No.
50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 Total Rumania Lebanon

Markets

Volume (MT)
4,562 3,004 1,298 2,473 2,420 1,442 2,303 1,340 1,516 1,297 1,301 1,334 1,152 1,416 1,214 1,174 943 653 425 696 648 1,059 556 567 425 345 458 437 399 535 597 246 309 275 266 164 319 194 152 112 112 175 95 81 66 124 74 62 59 65 90 1,376 319,359

Value (US$)
7,269,077 7,125,629 5,871,077 5,149,880 4,866,471 4,176,964 4,101,525 3,776,066 3,630,741 3,443,117 3,442,694 3,185,465 2,635,892 2,438,857 2,395,248 2,379,934 2,233,414 1,752,976 1,700,453 1,551,399 1,526,435 1,434,486 1,368,319 1,270,899 1,116,379 1,085,781 1,044,085 1,004,483 756,241 735,300 711,575 657,844 602,829 556,570 505,600 463,392 460,148 405,837 392,212 375,958 307,347 299,250 246,480 235,448 215,730 212,420 201,700 197,554 190,500 180,841 175,545 3,141,960 828,670,960

Switzerland Taiwan Dominic Rep. Chile Kazakhstan Peru Kuwait India Costa Rica Israel Turkey Georgia Serbia Pakistan Iraq Uruguay South Korea Qatar Syria Gabon Morocco Oman Puerto Rico New Zealand Yugoslavia Croatia Azerbaijan Congo Cameroon Honduras Bahrain Belarus Tajikistan Nam Phi Equatorial Guinea Bosnia Herzegovina Cuba Panama Bermuda Moldova Venezuela Reunion Norway Armenia Guatemala Trinidad & Tobago Madagascar Papua New Guinea Kenya

ASEANSingapore 28 Singapore

29 30 31 32 33 34 35 36 37

The Philippines Malaysia Thailand Indonesia Brunei

Cambodia CHINA & HONG KONG Hong Kong China Japan

OTHERS 38 Mexico

39 40 41 42 43 44 45 46 47 48 49

Russia Brazil Saudi Arabia Australia Canada Colombia UAE Egypt Ukraine Jordan Algeria

31 Others

www.vasep.com.vn

10

www.pangasius-vietnam.com

MARINE PRODUCTS

Vol. 1 Issue 21 August 15, 2011

VIETNAM SEAFOOD EXPORT, JAN JUN 2011

Volume: MT Value (US$ mil) Markets
The EU Germany Italy The Netherlands Spain France The U.S. Japan South Korea China & Hong Kong Hong Kong ASEAN Canada Australia Russia Mexico Others Total

June 2011 Volume

29,833 4,950 5,092 3,978 4,927 3,006 16,625 9,605 9,918 5,415 2,493 7,983 2,644 2,246 4,122 1,535 26,116 116,041

Compared to the same period of 2010 (%) Volume

+4.5 +32.2 +9.3 +20.2 -20.0 +29.2 +44.8 -24.3 +12.9 +18.7 +45.4 -6.2 +22.8 +10.9 +7.7 -51.3 +7.6 +5.5

Jan Jun 2011 Volume

167,823 28,845 23,768 22,873 25,933 13,209 83,974 51,051 51,036 30,582 13,261 51,532 11,553 11,924 17,642 19,676 135,314 632,107

Compared to the same period of 2010 (%) Volume

+2.4 +12.8 +21.3 +27.7 -23.4 +10.8 +40.0 -18.2 +8.2 +13.4 +8.2 +16.6 +27.0 -0.8 -1.5 +13.0 -1.1 +5.7

Value
121.777 21.270 19.958 16.546 15.004 14.504 100.300 75.488 43.592 30.242 11.368 22.631 14.178 12.241 13.098 4.260 79.945 517.752

Value
+33.4 +64.1 +45.7 +39.6 +1.3 +51.5 +51.3 -6.2 +53.4 +54.3 +108.6 +20.4 +57.4 +23.5 +62.6 -41.0 +33.8 +29.8

Value
627.733 121.132 86.716 84.406 72.266 59.406 502.352 378.026 206.590 160.066 54.320 128.225 63.196 61.023 57.740 49.822 379.565 2614.338

Value
+24.9 +41.7 +43.5 +51.4 -10.2 +14.4 +48.1 +1.3 +36.2 +56.4 +44.4 +32.4 +65.5 +6.4 +55.5 +27.7 +22.5 +27.7

Products
Shrimp (HS code 03 and 16) - Whiteleg shrimp - Black tiger shrimp Pangasius (HS code 03 and 16) Tuna (HS code 03 and 16) - Tuna (HS code 16) - Tuna (HS code 03) Other fish (HS code 0301 to 0305 and 1604, ex. tuna and pangasius) Mollusk (HS code 0307 and 16) Cephalopod Bivalve mollusk Crab, swimming crab and other crustaceans (HS code 03 and 16) Total

June 2011 Volume

21,675 8,000 11,068 56,189 7,232 4,495 2,738 18,525 11,738 8,975 2,763 681 116,041

Compared to the same period of 2010 (%) Volume

+14.5 +42.1 +12.9 +5.9 +1.1 +20.6 -20.2 -2.4 +7.5 +2.1 +29.7 -30.6 +5.5

Jan Jun 2011 Volume

101,872 31,014 56,115 319,359 44,839 21,100 23,739 103,674 57,118 42,859 14,259 5,245 632,107

Compared to the same period of 2010 (%) Volume

+16.9 +37.7 +15.3 +4.9 +9.3 -7.6 +30.6 +0.2 +0.7 +2.7 -4.8 +0.6 +5.7

Value
210.445 66.737 124.442 156.588 29.515 15.903 13.612 60.388 53.773 45.514 8.260 7.043 517.752

Value
+32.4 +89.1 +28.0 +37.4 +24.6 +64.0 -2.7 +17.8 +27.4 +28.4 +22.3 -19.8 +29.8

Value
971.109 248.498 611.296 828.671 206.468 65.795 140.674 315.972 251.874 211.006 40.868 40.244 2614.338

Value
+35.2 +72.5 +30.9 +27.0 +32.8 +20.5 +39.4 +19.2 +15.5 +21.7 -8.4 +6.0 +27.7

Main markets, Jan - Jun 2011 (Value)

Others 21.1% Japan 14.5%

Main Products, Jan - Jun 2011 (Value)

Mollusk 9.6% Other Crustacean 1.5% Shrimp 37.1%

ASEAN 4.9%

The U.S. 19.2%

Other Fish 12.1%

China 6.1% Australia 2.3%

South Korea 7.9%

EU 24.0%

Tuna 7.9%

Pangasius 31.7%

www.vasep.com.vn

11

www.pangasius-vietnam.com

MARINE PRODUCTS

Vol. 1 Issue 21 August 15, 2011

VIETNAM SEAFOOD EXPORTERS, JAN JUN 2011

No.
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 Vinh Hoan Corp Hung Vuong Corp Stapimex Quoc Viet Co., Ltd Agifish Anvifish Co Fimex VN Camimex Cases Sea Minh Hai Phuong Nam Co., Ltd Yueh Chyang Co Cadovimex I.D.I Corp Utxi Co Hungca Co., Ltd Viet I-Mei Frozen Food (Vietnam) Co., Ltd South Vina Nhatrang Seafoods F17 AuVung Seafood CL-Fish Corp Havico Tin Thinh Co.,Ltd Bianfishco Thuan Phuoc Corp Vietnam Fish-One Co., Ltd Anh Khoa Co., Ltd Havuco Vina Cleanfood Navico Hong Ngoc PTE Caseamex Godaco Cafatex Corp Kisimex HTFood Coimex Dai Thanh Co., Ltd (Tien Giang province) Thinh Hung Co., Ltd Foodtech Co., Ltd Viet Foods Co., Ltd An Phu Seafood JSC Trung Son Hung Yen Trading JSC NTSF High Dragon Aquatex Bentre Seaprimexco Vietnam Thanh Son PTE Mekongfish Co Cafish

Exporters
Minh Phu Seafood Corp

Volume (MT)
13,034 19,651 24,022 3,861 3,580 13,878 11,104 2,930 2,712 6,011 2,595 2,530 6,047 6,263 9,466 2,277 8,879 1,903 8,148 2,879 1,970 8,859 1,892 4,908 6,748 2,571 2,187 1,670 4,659 2,074 8,014 1,273 6,710 7,101 3,311 4,467 7,513 7,455 6,147 2,047 5,156 1,079 6,434 1,232 4,535 5,043 4,955 2,376 1,474 6,108 1,219

Value (US$) No.

141,736,848 52 67,470,228 53 60,023,174 54 38,673,896 55 38,662,873 56 38,542,392 57 34,475,978 58 30,876,638 59 30,447,861 60 30,029,174 61 29,038,303 62 28,977,480 63 25,246,427 64 24,142,725 65 23,460,197 66 23,355,232 67 22,666,219 68 22,543,054 69 22,074,342 70 21,662,788 71 21,266,659 72 21,163,482 73 20,996,033 74 20,601,292 75 20,038,981 76 19,944,823 77 19,654,604 78 18,725,587 79 18,622,728 80 18,213,049 81 18,114,221 82 17,634,935 83 17,415,237 84 17,177,480 85 16,796,702 86 16,517,005 87 16,197,780 88 15,945,201 89 15,759,164 90 15,720,185 91 15,574,730 92 15,411,468 93 14,973,872 94 14,845,572 95 14,776,755 96 14,637,275 97 14,444,832 98 14,428,848 99

Exporters
Trang Khanh Seafood Processing & Im-Ex Co., Ltd Biendong Seafood Trung Son Production, Construction & Trading JSC Cuulong Seapro Pataya Vietnam An My Seafood JSC Hoa Trung Seafood JSC Hoang Long Fish Kim Anh Co., Ltd Hai Long Nha Trang Seafood Co., Ltd Hoang Hai Co., Ltd Thanh Doan Seafood Processing & Im- Ex JSC Phu Cuong Co., Ltd Fine Foods Company (FFC) Minh Hai Jostoco Bidifisco Thanh The Seafood Co., Ltd Hai Nam Co., Ltd Ngoc Ha Co., Ltd Baseafood Viet Cuong Seafood Vinh Quang Fisheries Corp Toan Thang Co., Ltd Ngoc Tri Food Processing JSC Hung Vuong Vinh Long Co., Ltd Kien Cuong Seafood Seanamico QVD (DT) Co., Ltd To Chau JSC Thuan Hung Co., Ltd Huynh Huong Trading Co., Ltd Phuong Dong Seafood Viet Phu Foods & Fish Corp VD Food Ba Hai Co., Ltd Khanh Hoang Seafood Co., Ltd Bach Linh Seafood Co., Ltd Seaprodex Da Nang Vifoods Co., Ltd Tafishco Seapriexco No.4 Ngoc Xuan Seafood JSC CLPangafish Corp Samefico Incomfish Docifish Tuong Huu Co., Ltd

Volume (MT)
1,276 5,160 1,205 1,394 2,660 4,991 1,252 5,105 1,551 2,586 1,303 1,185 1,122 1,102 1,082 2,409 889 2,174 4,459 3,068 1,012 3,330 3,433 1,110 4,023 1,390 785 2,856 3,242 3,327 876 4,177 3,704 1,646 999 4,572 745 1,156 1,856 3,658 3,677 3,367 4,268 2,121 860 2,531 1,593 3,060 1,823 231,978

Value (US$)
13,917,038 13,884,264 13,553,514 12,884,478 12,869,173 12,862,338 12,749,387 12,479,852 12,396,011 12,194,919 12,151,071 11,911,804 11,756,841 11,703,535 11,143,924 11,140,549 11,087,096 10,999,912 10,959,400 10,114,113 10,094,620 9,992,048 9,981,274 9,977,919 9,963,150 9,736,448 9,711,112 9,667,369 9,562,723 9,478,147 9,427,158 9,381,163 9,287,550 9,196,496 9,073,655 9,034,240 8,721,050 8,668,794 8,604,319 8,487,407 8,413,575 8,386,284 8,249,681 7,745,232 7,690,071 7,602,057 7,525,775 7,449,818 7,310,709 831,355,015

Nam Phuong Seafood Co., Ltd 14,115,307 100 Phu Quy Co., Ltd (Ba Ria Vung Tau) 14,050,788 757 Others 13,933,826 Total

632,107 2,614,338,328

www.vasep.com.vn

12

www.pangasius-vietnam.com

MARINE PRODUCTS

Vol. 1 Issue 21 August 15, 2011

VIETNAM SEAFOOD EXPORT TO MARKETS, JAN JUN 2011

No.
EU 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 Germany Italy The Netherlands Spain France Belgium The U.K. Poland Portugal Denmark Greece Sweden Czech Lithuania Cyprus Austria Hungary Slovenia Bulgaria Ireland Latvia Luxembourg Malta Slovakia (Slovak Rep,) Estonia Finland The U.S. Japan South Korea

Markets

Volume (MT)
167,823 28,845 23,768 22,873 25,933 13,209 10,234 10,368 10,386 6,186 2,213 2,635 1,601 2,169 2,350 1,162 707 731 647 695 175 439 191 125 97 75 10 83,974 51,051 51,036 30,582 17,322 13,261 51,532 12,177 14,300 9,209 5,897 4,746 4,534 552 116 196,110 11,553 11,924 17,642 15,600 19,676 12,331 11,127 3,441 8,634 7,948

Value (US$)
627,733,226 121,131,733 86,716,043 84,405,875 72,265,706 59,405,892 55,552,768 51,272,330 25,567,799 17,658,670 13,738,712 8,869,784 6,276,022 5,823,470 4,957,824 4,275,190 2,229,032 1,543,863 1,442,004 1,141,207 1,028,299 939,616 732,772 414,769 180,281 136,070 27,495 502,351,577 378,026,037 206,590,432 160,066,394 105,746,210 54,320,185 128,225,152 40,703,927 37,550,800 22,055,042 14,384,052 6,491,445 6,041,860 939,802 58,225 611,345,509 63,196,463 61,023,030 57,739,501 54,207,266 49,821,762 28,268,317 27,275,336 26,746,446 24,224,470 24,210,709

No.
50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 Total Colombia Ukraine Israel Lebanon Jordan Rumania Iran Algeria

Markets

Volume (MT)
8,311 7,440 2,922 3,951 3,995 4,926 5,240 2,972 1,247 1,622 2,621 1,643 1,490 2,328 1,364 1,322 1,195 1,543 1,255 930 1,015 1,214 460 772 648 687 734 653 644 567 1,059 483 311 305 221 472 399 264 273 399 336 535 597 137 386 317 189 266 336 106 165 2,969 632,107

Value (US$)
20,675,239 19,356,044 13,002,416 11,822,124 9,163,933 8,448,366 8,370,295 7,494,363 6,710,536 6,231,429 5,983,953 4,633,599 4,530,643 4,143,025 3,856,386 3,498,069 3,071,512 2,954,967 2,485,234 2,411,446 2,404,271 2,395,248 2,038,683 2,019,878 1,993,278 1,972,750 1,941,173 1,738,535 1,633,477 1,515,124 1,434,486 1,375,698 1.349.440 1,247,310 1,092,988 1,092,685 1,009,174 970,314 839,854 756,241 752,584 736,570 711,575 670,646 667,913 665,514 593,337 505,600 503,010 493,992 483,719 8,183,561 2,614,338,328

New Zealand India Dominic Rep, Kuwait Chile Kazakhstan Peru Costa Rica Turkey Georgia Pakistan Croatia Iraq Serbia Norway Syria Morocco Uruguay Qatar Oman Belarus The Bahamas Gabon Puerto Rico Reunion Guam Dominica Yugoslavia Tunisia South Africa Honduras Azerbaijan Nigeria Congo Cameroon North Korea Sri Lanka Bahrain Cuba Tajikistan Equatorial Guinea Afghanistan Libya

CHINA & HONG KONG 30 China 31 Hong Kong

ASEAN 32 Singapore

33 34 35 36 37 38 39

Thailand Malaysia The Philippines Indonesia Cambodia Brunei Laos

OTHERS 40 Canada

41 42 43 44 45 46 47 48 49

Australia Russia Taiwan Mexico Saudi Arabia Brazil Switzerland Egypt UAE

44 others

www.vasep.com.vn

13

www.pangasius-vietnam.com

MARINE PRODUCTS

Vol. 1 Issue 21 August 15, 2011

VIETNAM TUNA EXPORT, JAN JUN 2011

In June 2011, Vietnam exported 7,232 MT of tuna, worth nearly US$30 million, up 1 percent in volume and 24.6 in value from the same month last year. Exports to the EU got rapid growth, with 37.7 percent in volume and 52.8 percent in value, in which Germany recorded the highest growth of 237.3 percent in volume and 304.5
Tuna Export, Jan - Jun 2011 (Value)
Canada 1.8% Japan 12.2% Israel 1.0% Iran 3.6% Others 13.7%

percent in value. Germany was the largest European importer of Vietnam tuna in terms of value. Other leading importers in top 3 - Italy and Belgium - reported a drop in import value, with 47.4 percent and 14 percent, respectively.

Tuna Export, Jan - Jun 2007/2011

1,000 tons US$ mil.

EU 17.6%

The U.S. 50.1%

Volume

Value Jan Jun 2011

June 2011 Markets Volume (MT)

2,316 1,759 893 125 106 377 513 83 56 107 199 87 1,735 7,232

Value (US$ mil.)

11.753 6.984 2.798 0.575 0.671 2.061 0.876 0.379 0.366 0.423 0.542 0.393 5.738 29.515

Compared to the same period of 2010 (%) Volume

+10.1 +37.7 +237.3 -62.6 -17.0 -6.9 -9.0 -44.9 -68.1 -66.8 +34.8 -44.0 -6.6 +1.1

Value
+22.9 +52.8 +304.5 -47.4 -14.1 +25.9 +0.8 -43.6 -48.8 +21.4 +22.9 +17.6 +26.5 +24.6

Volume (MT)
16,044 9,916 3,414 1,566 942 3,386 4,889 643 459 651 573 378 7,901 44,839

Value (US$ mil.)

103.364 36.362 9.394 5.847 5.493 25.188 7.475 3.650 2.142 1.935 1.678 1.504 23.170 206.468

Compared to the same period of 2010 (%) Volume

+1.1 +26.9 +54.4 -9.7 +33.6 +23.3 +231.0 -8.7 -52.5 -40.4 -50.3 -5.3 -10.2 +9.3

Value
+33.8 +33.5 +62.2 -1.2 +24.7 +60.9 +268.6 +5.2 -34.6 -14.4 -34.0 +45.4 +11.7 +32.8

The U.S. The EU Germany Italy Belgium Japan Iran Canada Israel Lebanon Taiwan Switzerland Others Total

Monthly Average Export Prices for Tuna, June 2008/2011

USD/kg

Japan The U.S. EU

Source: VASEP in cooperation with Vietnam Customs www.vasep.com.vn

14

www.pangasius-vietnam.com

MARINE PRODUCTS

Vol. 1 Issue 21 August 15, 2011

VIETNAM TUNA EXPORTERS, JAN JUN 2011

No.
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 Yueh Chyang Co Hong Ngoc PTE Foodtech Co., Ltd Highland Dragon Thanh Son PTE Thinh Hung Co., Ltd Tin Thinh Co., Ltd Hoang Hai Co., Ltd Toan Thang Co., Ltd Hai Long Nha Trang Seafood Co., Ltd Ba Hai Co., Ltd Havuco Minh Chi Co., Ltd Anna S.E.A International Co., Ltd Ben Vung Seafood Co., Ltd Bidifisco Vinh Sam Im-Ex Co., Ltd An Toan Seafood Co., Ltd Hieu Han Co., Ltd An Khoi Trading Co., Ltd Kifocan Seaspimex Huong Giang Co., Ltd Cat Tien Co., Ltd Jei Wang (Vietnam) United Seafood Packers JSC Hong Cat PTE Khacanfood Binh Minh Seafood Co., Ltd Fujiura Nha Trang An Binh Lai Seafood JSC Mai Trang Pro Fideco Viet Seafood & Agricultural products Co., Ltd Hai Hong Co., Ltd Hai Binh Seafood Co., Ltd Hoang Ha International Logistics Yamato Food Co., Ltd S.G Fisco Phu Dong Hai Seafood JSC Hai Vy Trading Co., Ltd Dinh Son Ha Trading Co., Ltd Hai Nam Co., Ltd Alphasea Co., Ltd Nhat Viet Agricultural High-Tech Farm Co., Ltd Tashun Corp Dai Cat Co., Ltd Viet I-MEI Frozen Food Co., Ltd Trang Corporation Thai Minh Khoa Co., Ltd Hung Phong Seafood Processing & Trading Co., Ltd

Exporters

Volume (MT)
5,337 1,142 5,089 4,910 1,474 1,579 2,775 825 3,335 2,080 817 1,900 544 622 515 1,083 381 3,400 261 235 802 715 599 1,223 157 213 103 299 72 156 111 110 98 324 53 48 32 25 136 229 30 25 48 29 11 34 25 18 23 103 38

Value (US$) No.

18,738,277 52 16,222,228 53 15,457,222 54 14,151,333 55 14,115,307 56 13,026,578 57 10,420,598 58 9,917,205 59 9,900,914 60 9,335,495 61 8,027,793 62 7,849,611 63 6,351,064 64 5,221,624 65 5,083,888 66 5,038,268 67 4,890,803 68 4,714,174 69 3,195,546 70 2,118,762 71 2,098,438 72 1,900,987 73 1,695,600 74 1,662,497 75 1,465,271 76 1,359,376 77 1,155,928 78 1,079,028 79 1,014,960 80 1,008,054 81 827,216 82 488,400 83 486,588 84 455,220 85 445,670 86 389,042 87 380,240 88 349,692 89 320,770 90 293,002 91 268,800 92 246,880 93 239,180 94 207,147 95 205,244 96 200,189 97 190,750 98 173,684 99

Exporters
Pacific Seafood Co., Ltd Viet Nhan Co., Ltd An Thanh Trading Co., Ltd Phan Duc Seafood Co., Ltd Blue Ocean Co., Ltd Viet Phat Seafood Co., Ltd Mai Trang Trading Co., Ltd Vinh Vang Trading Service Co., Ltd Truc An Co., Ltd Thanh Hai Fish Co., Ltd An Lac Seafood Co., Ltd Ha Long Canfoco Hong Hieu Co., Ltd Quoc Toan PTE G.B.C.O Trading & Manufacturing Co., Ltd Ten Truyen Co., Ltd Viet Sin Co., Ltd Baseafood Nam Trung Hai Co., Ltd Dat Phu Hai Trading & Service Co., Ltd Viet Seafood & Agricultural products Co., Ltd Song Minh Import Export Trading Service Co., Ltd Phu Thanh Co., Ltd A & C.D.N Food Co., Ltd Anh Bo Trading Co., Ltd Song Chi Co., Ltd Luan Vo Seafood Co., Ltd Nha Trang Bien Sang Co., Ltd Dong Nam Hai Trading Co., Ltd Thien Long Seafood Co., Ltd Vinh An Co., Ltd Sakura Food Co. Kim Phat Im-Ex Co., Ltd An Tuan Import Export Co., Ltd Ngoprexco Seapriexco No4 Gidico Song Viet Co., Ltd Astic Co., Ltd Thanh An Seafood Processing & Trading Co., Ltd Hang Xanh PTE Thach Anh Trading Co., Ltd Vien Thang PTE Co., Ltd Sao Phuong Nam Co., Ltd My Phat Co., Ltd APT Phu Loi Seafood Processing Co., Ltd Phuoc Tho PTE

Volume (MT)
10 18 13 78 54 9 9 8 5 10 14 17 36 14 21 26 9 26 27 42 4 5 7 7 16 50 7 9 8 22 4 1 8 3 4 5 5 6 4 2 1 2 2 2 2 1 2 2 1 8 44,839

Value (US$)
120,840 117,890 104,720 96,611 86,400 80,080 75,000 65,363 65,003 58,650 58,419 56,850 54,564 52,256 51,925 49,660 40,050 38,324 35,370 33,600 23,240 19,988 19,839 19,641 19,584 19,304 18,029 18,012 16,507 16,078 16,035 14,123 13,307 12,600 12,090 11,820 10,516 9,875 8,106 7,307 7,275 5,688 4,404 4,400 4,185 3,250 3,072 2,937 2,727 10,816 206,468,380

142,509 100 Tien Dat Co., Ltd 124,003 8 Others 120,995 Total

www.vasep.com.vn

15

www.pangasius-vietnam.com

MARINE PRODUCTS
In the first half of 2011, a total of 44,839 MT of tuna was shipped to 81 markets for US$206.5 million, accounting for 7.9 percent of Vietnam total seafood export value. The proportion in value of three main markets were slightly up compared to the same period of

Vol. 1 Issue 21 August 15, 2011

2010. The U.S. represented over 50 percent against 49.7 percent of 2010; and Japan up from 10 percent to 12.2 percent. ASEANs proportion fell from 5.5 percent to 4.3 percent from the same period last year.

VIETNAM TUNA EXPORT TO MARKETS, JAN JUN 2011

No.
1 EU 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 Germany Italy Belgium Spain The Netherlands France The U.K. Poland Denmark Greece Austria Switzerland Hungary Portugal Cyprus Czech Lithuania Slovakia Malta Japan Thailand Indonesia Malaysia The Philippines Singapore Brunei Cambodia China Hong Kong Iran Canada Israel Lebanon Taiwan Switzerland The Bahamas Norway Croatia The U.S.

Markets

Volume (MT)
16,044 9,916 3,414 1,566 942 1,194 591 562 361 266 136 299 215 150 90 55 45 15 6 7 3 3,386 3,504 3,280 139 26 50 8 2 0,2 598 239 358 11,392 4,889 643 459 651 573 378 517 335 454

Value (US$)
103,363,955 36,362,382 9,393,833 5,847,247 5,492,630 4,283,391 2,487,861 2,369,954 1,794,952 914,641 893,128 853,267 702,621 495,197 337,265 208,270 170,975 53,425 34,081 15,701 13,944 25,188,274 8,892,259 8,392,118 344,750 68,175 67,000 16,507 3,072 638 2,188,711 1,156,023 1,032,688 30,472,799 7,474,684 3,650,470 2,141,676 1,935,292 1,678,158 1,503,934 1,356,000 1,181,914 1,165,650

No.
40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 Total Tunisia Egypt Rumania UAE Australia Mexico Syria

Markets

Volume (MT)
342 219 292 84 202 74 118 41 96 44 87 114 33 72 21 20 43 33 17 38 60 81 27 74 11 9 28 17 13 20 26 14 20 16 20 17 15 8 16 6 5 0.3 44,839

Value (US$)
861,865 819,849 675,773 670,309 579,742 557,922 450,983 305,993 254,760 238,250 230,133 205,680 178,649 170,858 169,050 161,951 159,635 150,270 146,034 136,281 122,400 105,300 104,252 100,099 81,625 80,080 64,292 55,944 52,748 51,150 49,660 48,600 48,384 48,080 45,210 45,060 42,750 39,480 35,000 23,309 16,344 1,270 206,468,380

South Korea Sudan Saudi Arabia Angola Fiji Dominic Rep. Iraq Honduras Chile New Zealand Reunion Namibia Samoa Libya Pakistan Oman Sri Lanka Cuba Panama Vanuatu Bermuda Ukraine East Timor South Africa Yugoslavia Trinidad & Tobago Kuwait Kenya Bosnia Herzegovina Costa Rica Mauritius Macedonia Dominica Guadeloupe Congo

ASEAN

CHINA & HONG KONG

OTHERS

www.vasep.com.vn

16

www.pangasius-vietnam.com

NEWS & EVENTS

Vol. 1 Issue 21 August 15, 2011

Vietnam maintained tuna export growth to the U.S. in the first six months of 2011
According to Vietnam Customs, in export volume and value to the U.S. those of Jan - Jun 2010. In February the first six months of 2011, Vietnam remained double digit growth on 2011, Vietnam tuna exports to the tuna is exported to 81 countries and territories worldwide, reached nearly Seafood Export to The U.S, Jan - Jun 2011 (Value) 45 thousand MT, worth US$206.5 Other Finfish million, an increase of 9.3 percent in Crustacean Tuna 4.5% 3.2% volume and 32.8 percent in value on 20.6% those of the same period last year. In which Vietnam tuna exports to the Mollusk 1.7% U.S. (the biggest consumer) reached over 16 thousand MT, valued at US$103.4 million, making up over Pangasius 26.8% 50 percent of the total tuna export Shrimp 43.1% turnover of the country. In Jan - Jun 2011, monthly tuna

TUNA IMPORT INTO THE U.S, JAN MAY 2011 (Source: GATS)
No.
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 Thailand Indonesia Philippines Vietnam Ecuador Other Pacific Islands, NEC Trinidad and Tobago China Mexico Colombia Marshal Islands Papua New Guinea Canada Costa Rica Mauritius Korea, South Spain Suriname Panama Sri Lanka Leeward-Windward Islands(*) Venezuela Singapore Malaysia Japan Portugal Australia(*) Greece

Origin

Volume (MT)
56,534.6 8,788.2 12,920.2 9,869.7 8,192.3 4,664.6 3,906.8 3,997.5 1,753.9 1,269.7 1,188.3 1,404.2 446.5 501.0 2,857.3 649.4 308.0 397.8 287.5 195.7 221.1 144.3 257.0 288.5 120.9 135.9 50.2 34.2

Value (1000 USD) No.

212,161 55,949 52,700 52,059 42,620 22,407 14,830 13,953 7,163 6,792 4,730 4,704 4,580 4,355 4,323 4,209 4,151 3,070 2,117 1,939 1,773 1,683 1,640 1,543 1,352 1,222 1,075 985 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 Total Taiwan Brazil

Origin

Volume (MT)
106.0 95.7 55.5 74.2 93.4 55.6 60.9 18.1 19.5 235.6 51.2 29.7 12.0 23.5 23.8 17.6 40.6 6.8 16.0 0.7 4.5 1.1 1.4 0.9 0.9 0.6 122,430.8

Value (1000 USD)

908 701 649 568 563 530 490 475 453 363 348 224 146 136 130 107 99 71 42 32 16 16 14 8 5 2 537,181

Southern Asia NEC(*) Micronesia South Africa Italy French Pacific Islands Malta Croatia New Zealand India Barbados Guinea Peru Samoa Israel British Pacific Islands Belize Hong Kong Germany Poland Turkey Africa, not elsewhere specified France Chile Uruguay

www.vasep.com.vn

17

www.pangasius-vietnam.com

NEWS & EVENTS

U.S. reached 1.8 thousand MT, worth US$12.2 million, down significantly due to decreased global demand, but the average export price reached US$6.75 per kilogram, up 18.4 percent on those of the same period of 2010. In June 2011, tuna export value to the U.S. reported US$11.7 million with the average price at US$5.07 per kilogram, up 11.4 percent on that of June 2010. According to Vietnam Customs, there are 41 Vietnam tuna exporters to the U.S. in which Hong Ngoc PTE is the leading with export value of US$16.2 million, followed by Thanh Son PTE and Yueh Chyang Co with export value of US$12.4 million and US$11.7 million, respectively. In the first six months 2011, tuna export value to the U.S. accounted for a remarkable portion of 20.6 percent in Vietnam seafood export to the U.S. The tuna products exported to the market are mainly raw tuna (code HS 03) with US$73.8 million, representing 71.4 percent of total tuna export value to the U.S. in Jan - Jun 2011. According to the statistics of Global Agricultural Trade System (GATS), in the first five months of 2011, the U.S. imported tuna from 54 countries worldwide with total volume of 122.4 thousand MT, worth almost US$537.2 million. In the ranking table of tuna exporters

Vol. 1 Issue 21 August 15, 2011

to the U.S., Vietnam ranks the fourth after Thailand, Indonesia and the Philippines with the volume of 9.87 thousand MT, worth over US$52 million, accounting for 9.7 percent of total tuna import value of the U.S. Thailand showed the highest tuna export value to the market (US$212.2 million). In recent years, Vietnam has ranked after Ecuador in tuna export value to the U.S., but in 2011, Vietnam is outstripping Ecuador. Ecuador ranked the second after Thailand but in last 3 years, Ecuador was downgraded to the fifth in 2011. This is an opportunity for Viet Nam tuna sector to promote processing and exporting to the U.S.

Vietnam attends Asia aquaculture meeting

The Meeting of Asian Ministers in Charge of Aquaculture kicked off on July 28 in Sri Lanka, with the participation of many countries, including Vietnam. The meeting was jointly held by the United Nations Food and Agriculture Organization (FAO) and the Network of Aquaculture Centers in Asia-Pacific (NACA) in coordination with the Sri Lanka Ministry of Fisheries and Aquatic Resources. Delegates to the meeting focused their discussions on sustainable development of aquaculture for food security, nutrition and economic development of Asian countries. The Vietnamese delegation, led by Deputy Minister of Agriculture and Rural Development Vu Van Tam, confirmed that the Vietnamese Government always attaches important to realising its strong commitment to the Colombo Declaration and Strategy to develop aquaculture in Asian countries. On the sidelines of the meeting, Mr. Tam had a talk with Sri Lankan Minister of Fisheries and Aquatic Resources Rajitha Senaratne on fostering bilateral cooperation in fisheries following the 2010-2013 working plan signed by the two countries in October 2009. The two sides agreed to center on farming lobsters, seaweeds, sea cucumbers, and brackishwater prawns. The two sides approved to establish a Vietnam - Sri Lanka joint working group to deploy the implementation of cooperative plans in the coming time.
www.vasep.com.vn

The Mekong River Delta to enhance the quality of 3 key export items
According to the orientation of Ministry of Industry and Trade (MOIT), in the period of 20112015, the provinces in the Mekong River Delta will foster the quality of 3 key export agricultural products (rice, seafood and fruits and vegetables). Accordingly, the rice item will be produced in cleaner and more economical approach to increase its added value. The local authorities will focus on raising the rice export price to reach US$3.5-4 billion of rice export turnover by 2015. In the upcoming years, the total rice production is expected to rise by 3 percent per year and reach 46 million MT until 2015, in which 36-37 million MT will serve for domestic demand and reserves, the rest of 9-10 million MT will be used for processing and exporting. In term of seafood items, the local authorities will develop new and high quality products, create and protect the brand name. It is estimated that Vietnam will rise 6-7 percent of seafood production per year and reach 1.6-1.7 million MT of seafood export volume with US$7.5 billion of export turnover by 2015.
www.pangasius-vietnam.com

18

NEWS & EVENTS

Vol. 1 Issue 21 August 15, 2011

Zero percent tax for raw fish import to boost seafood export
Vietnam seafood processors are facing with a huge pressure on scarce raw material supply, particularly shrimp, tuna, mollusks (code HS 0306 and 0307) because domestic raw material production is not sufficient. With high import duty (12-18 percent) on raw fish, local seafood processors can not afford to import raw material for processing and exporting. In term of value, Vietnam is one of the worlds ten leading seafood exporters. However, in recent times, Vietnam seafood sector has encountered lack of raw materials such as raw shrimp, marine fish and unstable supply of pangasius. The cause of the shortage is the reduction of catch landing because the East Sea insecurity has prevented fishermen from going offshore fishing. Besides, Chinese fish dealers competed with local businesses in purchasing raw fish on boats or at fishing ports in Vietnam with high price. In the Mekong Delta, despite the shrimp farming area is 600,000 hectares, bringing over 1 million MT of shrimp annually, local shrimp processors can not find enough raw material for operating, especially in the early or the end of the year. Even in the shrimp harvest, many local shrimp businesses still have to reduce the processing capacity because raw material price increases faster than export price. Moreover, in 2011, the problem of lacking of raw materials becomes worse due to bad weather conditions and widespread epidemic on shrimp, leading lower production. In the recent years, because of lacking domestic raw material, many Vietnam seafood enterprises have imported raw materials to meet the orders signed, ensure plants operation as well as create stable income for their workers. Local seafood enterprises surveyed by Vietnam Association of Seafood Exporters and Producers (VASEP) said that they were in need of importing raw material for processing and they propose to be exempted from import tax on raw fish. According to Vietnam Customs, up to now, the country has imported raw materials of fish from over 70 countries and territories. In the period of 2001 - 2004, Vietnams raw fish import value reached about US$90 - 100 million per year. In the period of 2005 - 2008, import value rose to US$200 - 300 million per year. Until 2010, raw fish import volume reached 130.2 thousand MT, worth over US$325 million. The main suppliers of raw fish for Vietnam are Japan, ASEAN, Taiwan, South Korea, the U.S. The import portion surely has no impact to local fish production. Thus, Vietnamese seafood enterprises request relevant authorities to consider import tax exemption on the black tiger shrimp, whiteleg shrimp, cephalopods in order that they can hold initiative in raw material supply for processing and exporting to reach the target of US$6.5 - 6.7 billion by 2015 and US$8 billion by 2020 planned by the Government.

Offshore fishing vessels in Tra Vinh will be equipped with satellite receivers
According to Tra Vinh provinces Department of Agriculture and Rural Development, the province has been directed to implement the project Observation system for fishing vessels, fishing grounds and fisheries resources using Movimar satellite technologies. Offshore fishing boats in Tra Vinh (a Mekong Delta province) and other 27 coastal cities and provinces nationwide will be connected with the Movimar satellite system under a French-funded project worth
www.vasep.com.vn

EUR14.3 million. Of the total funding, the French side contributes EUR13.9 million and the Vietnamese government VND10.2 billion (roughly EUR56 thousand). The three-year project, starting from this year, will equip 20 offshore fishing boats in Tra Vinh province with satellite receivers. The capacity of each offshore fishing boat must be 90 HP or more. The installation of satellite receivers helps the localities perfect

their managerial system for fishing boats as part of efforts to realize modernization and industrialization of the fisheries sector, ensure the safety of vessels and the sovereignty of Vietnam waters. The satellite receivers enable fishermen to define rich fishing grounds, save fuel, update weather forecast (the information about the approaching storms, low tropical pressure) and contact with other boats.

19

www.pangasius-vietnam.com

NEWS & EVENTS

Vol. 1 Issue 21 August 15, 2011

Tafishco inaugurated aquaculture materials supply center

The center has a total area of 1,000 m2. It consists of 01 office serving for the management and administration of the link chain management, 01 laboratory about fish diseases and management of water in ponds, some showrooms for aquatic breeds, aquatic medicine and aquatic food and 01 hall to serve for meeting, symposium on the aquaculture field. From the position of the pioneer in linking chain, Thuan An Company meets a lot of difficulties from the stage of campaigning participants to proposing implementation policy from management agencies of the state. However, the name Pangasius link chain Tafishco is known by Seafood industry and everyone through the media as well as local press offices and national media agency introduce and report about this pilot model. Therefore, with recognizing the importance of pilot model and to help this pilot chain bring to durable effect, it is necessary to establish Aquaculture materials supply center. This center operates according to motto and purpose which are set by leaders of Thuan An Company such as: - The center brings to excellent service for fishermen in controlling the quality of fingerlings, medicine, food and used materials. Besides, the fishermen can access to materials with manufactorys original price in condition of market price rising abnormally, affecting on production, calculating materials of input to ensure profitable harvest. - Tafishco is proactive about raw materials for factories production, maintains stable production, supplies employment and income for officers and employees. Moreover, traceability can be operated clearly. This helps us enhance the brand to compete on export market. - The center is a strong link between all the members for stable and mutual development. It is a bridge to combine Breeding facilities Fish for meat Food suppliers Seafood medicine suppliers and processing factories. They can frequently meet and exchange information, share risks, difficulties, advantages in the process of aquaculture, process and export to aim to stable, developed and sustainable aquaculture industry. The center is a place where mobilizes many units providing food, seafood medicine to exhibit, delivery and post price openly so that fishermen can have their own choosing. On the other hand, the center is also prepared some equipments in laboratory and a team of technicians who can advice and support for fishermen in using medicine to treat for fish personally or operate examination and treatment services for fish if fishermen request. A distinct feature of this center is in charge of product consumption after harvest (the center will link with 02 processing factories-AFIEX and CADOVIMEX to consume fish from fishermen). If fishermen request to sign product underwriting contract, center will sign this contract at the beginning of fish nourishing and ensure the output according to market price for each period. Main operation of center is service. It is like a aquatic club, so every fisherman can come here to learn about export situation, fingerling situation, price of raw material, price of food and epidemics...Generally, they can know about aquaculture production process, export pangasius...This center will often associate with An Giang Agriculture & Rural Development Department (DARD) and An Giang Fisheries Association (AFA) updating the latest and hottest of pangasius field to convey to fishermen. Thus, fishermen can come here to drink tea and talk about pangasius. It is not necessary to buy any product when coming this center.

FAO to help Vietnam control aquatic diseases

Deputy Minister of Agriculture and Rural Development Vu Van Tam on July 29 met with FAO Assistant Director General for Fisheries and Aquaculture Arni M. Mathiesen and Deputy Director General of FAO Fisheries Department Rohana Subasinghe. During the meeting, the two sides discussed FAO assistance for building a network to prevent and control aquatic diseases in Viet Nam. The meeting took place on the sidelines of the Meeting of Asian Ministers in Charge of Aquaculture to which the officials

attended. The FAO officials pledged to discuss specific measures to control aquatic diseases as soon as they receive FAO experts final report on aquatic diseases, especially on shrimp and oysters in the country. (TheFishSite News Desk)
www.pangasius-vietnam.com

www.vasep.com.vn

20

NEWS & EVENTS

Vol. 1 Issue 21 August 15, 2011

www.pangasius-vietnam.com
Provide What You Need
about Vietnam Pangasius

Daily updated information on:

Producing - Processing - Trading Importing and Exporting Vietnam Pangasius

www.vasep.com.vn

VIETNAM ASSOCIATION OF SEAFOOD EXPORTERS AND PRODUCERS 218 Lot A, Road No.6, An Phu New Urban Zone, District 2, Ho Chi Minh City, Vietnam Tel: +84.8.62810430 - Fax: +84.8.62810438 - Website: www.vasep.com.vn

19

www.pangasius-vietnam.com