Seafood News:

It is harvesting season and the quantity of raw materials is good to supply. Main size of Black Tiger raw material is 25 pcs/kg, while main size of Vannamei falls on 40 pcs/kg. The raw materials price is still low compare to July, especially low on small sizes 70-100 pcs/kg. Shrimp exporters are focusing on large sizes as it takes less workforce and make high productivity. Shrimp farmers worry about the low materials price and financial difficulties, causing the delay to start a new stocking. This problem would lead to shortage of raw materials by end of the year.

VASEP and 13 industry associations proposed to the Prime Minister the “Score-based epidemic prevention and control” strategy to restore safe production and business in the context of the new anti-epidemic to unify management across the country in order to gradually adapt to economic recovery, but still managed to control the translation.

Mr. Nguyen Hoai Nam – Deputy Secretary General of VASEP said that only 30-40% of enterprises have enough capacity to resume production immediately after the end of social distancing. The remaining enterprises are very difficult or need a long time to restore production because the supply chain of raw materials is broken, businesses lose customers due to the long distance, and the delivery schedule is not guaranteed. It is especially difficult to gather the labor force as it was initially because workers have not been vaccinated, so they cannot go to production facilities or have returned to their hometown, isolated, and are being treated for COVID-19.

Accumulated in the first eight months of 2021, Vietnam’s seafood exports reached nearly $5.6 billion, still increasing by about 7% thanks to high export results in the first 7 months of the year. In which, shrimp exports increased by 6.4% to 2.45 billion USD, pangasius exports increased by 8.8% to 993 million USD, tuna exports grew 12%, cephalopod and other fish exports increased by 4-5%.

The Covid-19 epidemic broke out strongly in the focus area of Vietnam’s seafood in August. Exports to all markets in August 2021 decreased by 16 – 50% compared to the same period in 2020. Accordingly, exports to China and Japan both decreased sharply by 36%, to the EU decreased by 32% (only to the Netherlands decreased by nearly 50%, Germany decreased by 42%). Exports to the US and Russia decreased by at least 16%. Exports to the UK fell by 48%, to Australia and Canada by 35% and 37% respectively.

With the EU’s commitment to reduce tax to 0% for seafood products (including shrimp) for Vietnam in the EVFTA Agreement, Vietnam’s seafood exports in general and shrimp exports in particular will have an advantage. on tariffs and thus can adjust prices more competitively in the near future. Expanding and maintaining the domestic supply of raw materials to meet the rules of origin of goods, especially in the context that the global supply chain is being disrupted due to the impact of Covid-19, is a key factor to Vietnam’s seafood industry can grow exports in the EU market thanks to the push from EVFTA.

Vietnamese shrimp will increasingly face stronger competitive pressure from India and Ecuador in the US market. The demand for shrimp imports from the US market from now until the end of the year is still very large to meet domestic demand for year-end holidays. Inventories are low, US importers are competing to buy to ensure product supply. Retailers are also trying to ensure supply in the US market until the first quarter of 2022.

Covid-19 situation:

Vietnam Nationwide

 

  • On Sep 18, Vietnam’s legislature has decided to spend VND 2.652 trillion, or nearly US$116 million, to purchase 20 million Pfizer-BioNTech doses to administer to children from 12 to 17 years old.
  • Vietnamese State President Nguyen Xuan Phuc held talks with First Secretary of the Communist Party of Cuba Central Committee and President of Cuba Miguel Díaz Canel in Havana on Sep 19, as part of his official visit from Sep 18 to 20. The Vietnamese government on Sep 20 issued a resolution on the purchase of 10 million doses of Abdala COVID-19 vaccine developed by Cuba’s Center for Genetic Engineering and Biotechnology.
  • Prime Minister Pham Minh Chinh asked the COVAX Facility to quickly allocate COVID-19 vaccines to Vietnam during a teleconference with its Office Managing Director Aurélia Nguyen on Sep 20.
  • The Vietnamese Ministry of Health has allowed the administration in each locality to freely decide whether to shorten the interval between two shots of the AstraZeneca COVID-19 vaccine.
  • The National Ethics Committee in Biomedical Research on Saturday approved the mid-term evaluation report of the third phase of clinical trials for Vietnam’s homegrown Nano Covax COVID-19 vaccine.
  • Twenty-four provinces and cities in Vietnam are currently providing lessons for students from first to 12th grades via television and online classes due the COVID-19 pandemic, according to the Ministry of Education and Training.

Ho Chi Minh City

  • Foreign Direct Investment – HCMC’s extension of social distancing until Sep. 30 is increasing the financial burden on them and causing many to consider moving out of Vietnam, FDI companies warned. The severe restrictions have already caused almost half of AmCham members to re-evaluate their business strategy and plans in Vietnam.
  • The HCMC health department has suggested that the “green pass” is given to all vaccinated people, including those who have only got one shot.
  • The Ho Chi Minh City Center for Disease Control received 54,700 more doses of AstraZeneca COVID-19 vaccine allocated by the Ministry of Health on Sep 19.
  • Ho Chi Minh City will conduct rapid COVID-19 testing on all residents in high-risk areas once every two days per week, according to the municipal steering committee for pandemic prevention and control.
  • Mobile medical stations in Ho Chi Minh City have been overloaded as more than 82,000 app-based delivery workers have signed up for rapid COVID-19 tests to meet the requirements for their operations.
  • Residents of Tan Phong and Tan Phu Wards in District 7, Ho Chi Minh City took part in physical activities at local parks for the first time in months on Tuesday afternoon as local authorities began piloting another step to lift COVID-19 restrictions.

Hanoi

  • As social distancing regulations in Hanoi are downgraded from the prime minister’s Directive No. 16 to Directive No. 15, functional forces are no longer checking commuters traveling within the city for travel passes starting on Sep 21.
  • On Sep 21, a sea of people and vehicles thronged the streets in downtown Hanoi to celebrate the Mid-Autumn Festival in the evening, the first day after social distancing regulations were relaxed in the capital city.

Khanh Hoa (Nha Trang)

  • By September 20, Khanh Hoa province injected 13,384 doses of COVID-19 vaccine to residents, bringing the total number of injected vaccines to 726,472 doses; in which 80,564 people had fully vaccinated.
  • Up to Sep 21, Khanh Hoa province has gone 18 days without recording any community transmission.
  • From Sep 24, people are allowed to exercise in the park, participate in outdoor sports activities such as tennis, golf, etc. The province is also expected to allow some services such as barber shop, electricity – water repair, grocery stores… can reopen but business owners must register to the authorities.
  • Due to the influence of tropical depression, it is likely to become a storm, so from the afternoon of September 23, in the offshore area of Khanh Hoa province, there was a strong wind of level 5, then increased to level 6 and level 8; sea waves from 2-4 meters high; strong seas.

Da Nang

  • A tropical depression is highly to strengthen into a storm, mainly moving in the northwestern track toward Central Vietnam, entering the waters off Thua Thien Hue – Binh Dinh localities by September 23.
  • The central city of Da Nang recorded no local infection for the first time in 70 days on Sep 18, even though authorities had been conducting mass testing over the past days, according to the municipal steering committee for COVID-19 prevention and control.
  • The Da Nang leader said that the city’s normalization schemes are under discussion. The city will consider continuing to apply COVID-19 control measures in line with the current direction from municipal and national governments, and replacing current travel permits and market entry cards with COVID-19 vaccination certificates.

Do you have any questions? Feel free to drop us a line!

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