Vietnam Food Processing Industry Report Q3/2022

Processed seafood

Total seafood harvest of Vietnam in the first 9 months of the year is estimated at x thousand tons, up x% of the year 2021. Of which, aquaculture production will reach x thousand tons, an increase of x% of svck and catches. reached x thousand tons, reduced by x% svck.

Aquaculture production has increased quite well to meet the needs of domestic consumption and export.
Consumer demand rebounded as the economy was recovering from the pandemic.

The weather is favorable for breeding.

Export prices increase, creating motivation for aquaculture households to stock more seeds

Production of exploited seafood

Marine fishing is very important, accounting for nearly x% of total seafood production and accounting for more than x% of seafood export turnover, but this sector is facing many difficulties:

The high price of gasoline in the first half of 2022 has caused fishing profits to decrease, many fishing vessels have stopped fishing activities due to insufficient revenue to cover input costs.
Vietnam still has many illegal, unreported and unregulated fishing activities, so the warning yellow card of the European Commission (EC) has not been lifted, giving impetus. Fishery exploitation by fishermen decreased.

Processed meat

Consumption demand: Restaurants, eateries, and tourist areas are active in July and August due to the summer vacation, which has boosted the demand for meat consumption.
Supply: Supply decreased due to increased cross-border pig smuggling…

Processed vegetables

According to the Department of Agricultural Products Processing and Market Development, the output of vegetables of all kinds in 9M/2022 is expected to reach x thousand tons, up x% over the same period in 2021.

Read more report of Vietnam’s processed food industry in the second quarter of 2022: here

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