The Council said the final two standards, shrimp and seriola/cobia, are making good progress. The Shrimp Audit Manual is currently being finalized and will be forwarded to the Technical Working Group (TAG) for approval in the coming month. The Shrimp Standard and draft Audit Manual are expected to be handed over to the ASC in October/November 2013.
Meanwhile, the second and final public comment period for the Seriola and Cobia Standard is now open and will close on 19 October 2013.
Additionally, the TAG is now reviewing the audit manuals for the bivalves and abalone standards. The audit manual for freshwater trout standard is in its final review and is expected to be sent for approval in a matter of weeks. All three documents are anticipated to be approved in the next couple of months. The three standards have had successful pilot audits worldwide to ensure robust application in practice the Council said.
The additional standards follow the Councils' Global Salmon Initiative’s (GSI) announcement in August 2013 that it has chosen ASC as their guiding standard.
“It took us a long time to get the salmon standard right and in it we have set some challenging targets, and asked some of the hardest questions, but these were needed to ensure it was robust. The standard was developed with industry for industry, and is set at a level where only 15 per cent of companies could currently meet its best practice requirements. This means there is a lot of work to do before all the farms can be independently certified to ASC standard, and the firm commitment of GSI members to achieve this is a vital factor in making it happen.” says Chris Ninnes, ASC’s CEO.
(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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