On February 3, Secretary of Ca Mau Provincial People’s Committee Nguyen Tien Hai, Chairman of Bac Lieu Provincial People's Committee Pham Van Thieu, and heads of departments of Ca Mau and Bac Lieu came to inspect the first batch of shrimp at Bac Lieu High-tech Shrimp Production Complex.
The Bac Lieu High-tech Shrimp Production Complex, belong to Growmax Corporation, was established and put into operation nearly 7 months ago, with an area of about 200 ha, located in Long Dien Dong commune, Dong Hai district, Bac Lieu province.
After about 100 days of raising shrimp according to the high-tech, closed, water-recirculating model, using feed produced by the corporation, in the first harvest, the batch weighed about 21 pcs/kg.
According to Growmax Bac Lieu, at this complex, Growmax Corporation is working with the procedures to conduct projects such as: High-tech closed shrimp farming area with water recirculation system with a scale of about 500 ponds; Construction of a shrimp feed processing factory with a capacity of 230,000 tons/year and construction of a shrimp seed production area with a capacity of 3 billion seeds/year... This will not only serve Bac Lieu province but also target neighboring provinces, such as Ca Mau, Kien Giang and Soc Trang.
Speaking at the ceremony, the Chairman of Bac Lieu Provincial People's Committee praised the initial results achieved by the Bac Lieu Growmax Corporation. He said that Bac Lieu province was assigned by the focused on creating opportunities for businesses and shrimp farmers to develop high-tech shrimp farming models, especially in planned areas, prioritizing high-tech, closed, using water-recirculating models, such as the one that Growmax Corporation is deploying.
The Chairman of Bac Lieu Provincial People's Committee also committed to creating the best conditions for investors, including Growmax, to implement shrimp farming projects in the province, with the motto: "What is easy is for businesses, what is difficult must be done by the government".
According to Mr. Pham Van Thieu, Bac Lieu province has 3 main export items: shrimp, rice and salt. Accordingly, the main export item is shrimp, accounting for over 95% of the province's export turnover.
Currently, there are 48 seafood processing and exporting factories, with modern equipment and a capacity of about 294,000 tons/year. Shrimp products have been processed to meet standards of demanding markets such as the US, Japan, EU, China, Korea and many other markets in the world.
Also in 2023, Viet Uc Seafood Processing Factory has been completed and put into operation, initially exporting 46 tons of shrimp to the Korean market and is currently looking for new orders.
According to Lao Dong newspaper
(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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