The draft plan, which will be submitted to the Prime Minister for approval, looks to turn the shrimp sector into a big industry with sustainable development that is adaptable to climate change and friendly to the environment.
At the same time, the plan hopes to improve the quality, production efficiency and competitiveness of shrimp products, benefiting farmers, businesses and the country’s economy.
The shrimp sector is projected to rake in 4.5-5 billion USD in export turnover and record an annual average growth of 9.5-12 percent in 2017-2020.
In 2021-2025, a hi-tech shrimp industry and large-scale eco-shrimp farming areas will take shape, working towards the goals of 10 billion USD in export turnover and an average growth of 12-14 percent per year.
The total area used for brackish water shrimp farming should reach 710,000ha with total output of 850,000 tonnes of shrimp during 2017-2020, and expand to 750,000ha and 1.1 million tonnes of output in the period from 2020-2025.
Areas will be zoned off for hi-tech brackish water shrimp raising, concentrating in the Mekong Delta and central coastal regions.
Bac Lieu is designated to be a hi-tech brackish shrimp farming centre in the Mekong Delta and the country, while the southernmost province of Ca Mau will be built into an eco-shrimp breeding cradle.
Giant freshwater prawns will be mainly raised in the Mekong Delta, whilst lobsters will be farmed in central coastal provinces of Khanh Hoa, Phu Yen and Binh Dinh.
Towards those goals, the Ministry of Agriculture and Rural Development pledged to improve irrigation and transport systems at large-scale shrimp farming areas, while encouraging small-scale production facilities to join in cooperatives to create large material production areas.
The ministry will invest in research to produce quality breeding shrimps and develop the domestic feed industry.
The application of modern technologies in shrimp farming and processing will be encouraged to ensure food safety and foreign customers’ demands.
At the same time, the ministry will push forward surveys of foreign markets and trade promotion activities to expand markets for Vietnamese shrimps.
Source: VNA
(seafood.vasep.com.vn) The US remains Vietnam’s largest single market for shrimp imports, accounting for 20% of Vietnam's total shrimp exports globally. As of October 15th, 2024, Vietnamese shrimp exports to the US reached nearly 600 million dollas, marking a 10% increase compared to the same period in 2023.
(seafood.vasep.com.vn) According to Vietnam Customs, pangasius exports to Canada reached over 1 million USD in the first half of October 2024, a 33% decrease compared to the same period last year. However, by October 15, 2024, total pangasius exports to Canada had reached 32 million USD, reflecting a 10% increase compared to the same period in 2023.
(seafood.vasep.com.vn) Cà Mau is accelerating its digital transformation, developing green industries, and promoting high-tech processing of agricultural and aquatic products, with a focus on sustainable economic growth and environmental protection.
(seafood.vasep.com.vn) The Dong Thap Pangasius Festival 2024, themed 'Dong Thap Pangasius: Green Journey - Green Value', will take place on November 16-17 in Hong Ngu City.
The positive business momentum in the domestic seafood sector could last into the first half of 2025, according to experts.
(seafood.vasep.com.vn) In the first three quarters of 2024, brackish water shrimp production exceeded 1.1 million tons, with export revenue reaching $2.8 billion. The seafood industry has set a target of $4 billion for shrimp exports for the entire year.
While the price of 1 kg of shrimp hovers around 20 USD, the value of 1 kg of chitosan—extracted from shrimp—can soar to 500 USD. This highlights a significant challenge within the seafood processing industry.
(seafood.vasep.com.vn) By October, Vietnam's shrimp exports had generated nearly $3 billion, reflecting an increase of over 10% compared to the same period last year. Shrimp remains the leading commodity contributing to the export turnover of the entire seafood industry.
(seafood.vasep.com.vn) Sao Ta Foods Joint Stock Company (FIMEX VN - HoSE: FMC) concluded Q3/2024 with significant growth in revenue. Specifically, Sao Ta Food recorded revenue of VND 2,845 billion, a 58.6% increase year-on-year. The company's profit after tax reached VND 95 billion, up 6.2%.
VASEP's Seafood Export Report for the third quarter of 2024 provides a comprehensive overview of Vietnam's seafood export performance in the first nine months, with impressive results reaching $7.2 billion—an increase of 9% over the same period last year. In the third quarter alone, seafood exports grew by 15%, totaling $2.8 billion. This growth is attributed to a recovery in demand and prices in key markets such as the U.S. and China, as well as the competitive advantage of value-added products in markets like Japan and Australia.
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