Since the end of September, Sao Ta Food Joint Stock Company has brought 100% of the workforce back to processing facilities after Vietnam eased social distancing.
Before that, all southern provinces had to implement social distancing according to Directive 16 in July, when the 4th COVID-19 epidemic was complicated and unpredictable.
Therefore, Sao Ta must maintain the operation of processing plants and farms according to the Government's "3 on-site" plan. Accordingly, workers will work and live in production facilities to isolate from the community and limit contact with sources of COVID-19 infection.
Producing "3 on-site", Sao Ta can only maintain 40% of its capacity and workforce from mid-July to mid-August 2021.
After that, Soc Trang province eased social distancing, Sao Ta gradually increased the factory capacity, reaching 80% capacity on September 16, 100% capacity on September 21.
However, strict epidemic prevention measures are still applied throughout the region to prevent the spread of SAR-CoV-2, which has seriously affected the operations of seafood businesses.
Currently, the provinces of the Mekong Delta, Soc Trang and Bac Lieu are quite successful in preventing the COVID-19 outbreak, benefiting local companies, including Sao Ta.
"The price of Sao Ta's shrimp is at a good level and the company can meet the demand for raw materials for processing plants to serve all the orders of its partners," said a representative of Sao Ta.
SSI forecasts a 28% year-on-year increase in after-tax profit attributable to the parent company of Vinh Hoan Corporation (VHC), driven by a gradual improvement in average selling prices from USD 3.15/kg in 2024 to USD 3.30/kg (+5%) in 2025. An Giang Fisheries Import-Export Joint Stock Company (ANV)'s after-tax profit attributable to the parent company is projected to rebound by 104%.
In 2025, the Mekong Delta province of Bac Lieu aims to earn 1.2 billion USD from exporting shrimp, one of the key export products that accounts for over 95% of its total export value.
(seafood.vasep.com.vn) The Report on Vietnam Pangasius Sector 2015–2024, produced and released by the Vietnam Association of Seafood Exporters and Producers (VASEP) in January 2025, is expected to provide enterprises, importers, and government agencies with a comprehensive overview of key developments in Vietnam's pangasius production and export over the past decade. In addition to highlighting achievements, the report identifies existing challenges and analyzes future opportunities and threats for the pangasius industry.
(vasep.com.vn) Overcoming two years of fluctuation in both export markets and domestic production, Vietnam's pangasius industry has demonstrated resilience, adaptability, and a strong determination to seize opportunities and boost exports to various markets. As a result, in 2024, pangasius exports reached USD 2 billion, a 9% increase compared to 2023. This achievement is a source of pride for Vietnam's aquaculture and agriculture sectors.
(seafood.vasep.com) Speaking at a conference to implement the 2025 plan of the Ministry of Agriculture and Rural Development, Prime Minister Pham Minh Chinh urged the agricultural sector to strive for a total export turnover of agricultural, forestry, and fishery products reaching $70 billion by 2025.
With robust production and processing infrastructure, combined with continuous market development efforts, Vietnam’s seafood exports are poised for 10–15% growth in 2025.
In 2025, seafood exports are expected to continue to grow better and could reach 11 billion USD as in 2022. However, this is also the year the seafood industry will face challenges, including increased competition from other countries, trade wars and market barriers...
(seafood.vasep.com.vn) On the afternoon of December 25, at Toan Thinh Conference Center (Soc Trang City), the Soc Trang Fisheries Sub-department, under the Department of Agriculture and Rural Development of Soc Trang, held a conference to review the 2024 aquaculture activities and outline the brackish water shrimp farming plan for 2025. The event was attended by Ms. Quach Thi Thanh Binh, Deputy Director of the Department of Agriculture and Rural Development of Soc Trang.
The Mekong Delta province of Soc Trang aims to achieve export value of over 1.9 billion USD in 2025 by boosting production and processing of key products such as seafood, high-quality rice, fruits, and garments.
The UK-Vietnam Free Trade Agreement has significantly boosted Vietnamese seafood exports, with shrimp and pangasius leading the charge in the UK market.
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