Total of fish farming areas owned by the companies reaches 330 hectares, making up 34.7 percent of provincial farming area and accounting for 61 percent of total fish production of the province, the Director of provincial Department of Agriculture and Rural Development (DARD) said.
In the first months of 2012, seed pangasius producing facilities in the province produced 22.5 million fish fries and 2.4 million fish seed. According to DARD, fish farming area of An Giang is estimated to reach 950 hectares, equal to 95 percent from that of 2011. Total fish production in the first three months of 2012 was estimated to touch 77,000 MT, representing 85 percent over that of the same period of 2011.
Currently, seafood enterprises find it hard to access to bank loans due to current credit policies. They hereby cope with lack of capital for reproducing because it costs from VND5 billion to VND10 billion for one hectare fish farming area. Lack of capital also exposes difficulties in developing pangasius production.
To ease the above difficulties and speed up pagasius producing for export, provincial Department of Industry and Trade (DOIT) has stated some solutions. DOIT will soon review fish farming area planning, establish land fund of 50 – 100 hectares and assign to investors who will invest in large scale fish farming area. Concentrated fish farming will ensure good quality for raw material and fish traceability, facilitate treating waste to protect the environment, the Director of DOIT recommended.
The province must ensure aquaculture and seafood processing under planning as well as intensify controlling new plants and stop new investment in expanding processing plants to balance operating capacity of seafood processors, avoid serious shortage of raw material for plants. Besides, the province also encourages seafood enterprises to build their own fish farming area to hold initiative in raw material supply. Local authorities should accelerate to inspect and manage fish feed and materials to guarantee quality of the fish products and protect the environment, Chairman of An Giang provincial People’s Committee said.
In the first three months of 2012, An Giang exported 33,200 MT of seafood, worth by US$95.3 million, increasing nearly 18 percent in volume and 28 percent in value from that of the same period of 2011.
(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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