However, the area of pangasius farming does not increase and the farmers are tending to link production, apply farming techniques by stocking fingerlings properly. At the same time, building the raw pangasius area with good quality and ensuring traceability which helps to increase profit for farmers.
Pangasius farming area in An Giang province in the first 5 months of 2017 was 566 ha (accounting for 69.1% of total aquaculture area) and down 3.1% year on year. Pangasius production in the first five months of this year totaled 120,800 MT, down 1.1% year on year.
If pond cost is not included, the price of raw fish was VND20,529/kg, down VND169/kg compared to the first phase (VND20,698/kg). In the first 5 months of 2017, pangasius seed production of An Giang Fisheries Breeding Center reached over 215 million pieces, up 7.5% year on year.
According to An Giang Department of Agriculture and Rural Development, commercial aquaculture farmers were aware of their responsibilities and interests in producing and consuming raw fish without the use of banned toxic antibiotics in aquaculture, and the application of GAP standards to ensure product quality. For sustainable pangasius farming with high efficiency, farmers have opted for low-density pangasius farming solutions.
At the same time, farmers also choose to apply integrated technical solutions to increase productivity and reduce production costs such as selecting high quality feed; reducing costs of sucking up the mud, costs of pumping water, costs of drugs and chemicals for disease prevention to increase profit from commercial pangasius farming.
An Giang province regularly inspects and issues certificates of commercial pangasius farming for businesses and households under production cooperation contracts. This is to help farming, processing and export of pangasius grow stable, avoid risks when the output increased sharply.
Compiled by Dieu Thuy
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(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.
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(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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