Bac Lieu has established the Bac Lieu High-tech Agricultural Zone for shrimp development, with an area of nearly 420 hectares, a total investment of more than 3,200 billion VND with the support of the Government and the ministries and central branches. This area has built stage 1 infrastructure (preparing to welcome the first nine enterprises into operation) so far and is taking the next steps to soon put into operation.
By 2020, the shrimp production of Bac Lieu is estimated at more than 200,000 MT, the highest ever, accounting for nearly 19% of the country's shrimp production, contributing to the seafood export turnover of over $ 800 million.
Bac Lieu is alluring many corporations, companies with 100% foreign capital, and domestic enterprises to join the shrimp production chain from seed production, technical materials for the shrimp industry to processing for exports. And the birth of cooperative groups and high-tech shrimp farming cooperatives stretching 56km along the coast confirms that the province has chosen an appropriate development direction on alluvial land.
In particular, the cooperatives specializing in super-intensive shrimp farming using high technology in the coastal area of Bac Lieu have formed continuously. These cooperatives are not only a gathering place for farmers to share experience in production, improving the efficiency of the collective economy and each household member. It also creates jobs, stable lives for thousands of local workers in the coastal alluvial area.
The seafood exporters in the province still maintain traditional export markets to continue to export such as Japan, the EU, the United States, South Korea, Taiwan, the Middle East, etc. in addition to continuing to expand the new markets in Asian countries. Thanks to that, the province's export turnover in 2020 increase by 11% over the same period. The export products are focused on seafood. Besides, the EVFTA Agreement took effect in early August 2020, which helps businesses take advantage of opportunities to expand export markets to the European market in the time to come.
Currently, the province is completing all procedures to export whole shrimp to Australia. To attain this goal, the province has directed the construction of disease-free hatcheries, biosecurity shrimp farming areas, etc. The pioneer in this field is Vietnam - Australia Group.
The Provincial People's Committee assigns the Department of Agriculture and Rural Development to implement the Agricultural Sector Restructuring Scheme in 2021. The scheme will focus on developing the value chain of the shrimp industry, applying science - technology, especially high technology, to boost productivity, quality, reduce cost reduction, and cope with climate change. DARD also needs to build organic aquaculture zones with key products, building and implementing shrimp production chains, and meeting disease safety standards to export whole shrimp to Australia and other countries.
(seafood.vasep.com.vn) To maximize natural advantages and increase the value of local aquatic products, Ca Mau province is promoting the ecological shrimp farming model under mangrove forests. This model not only brings high profits to people thanks to businesses committing to purchasing products at prices 10-20% higher than the market price but also aims for sustainable development and environmental friendliness.
(seafood.vasep.com.vn) The Comprehensive Economic Partnership Agreement (CEPA) between Vietnam and the United Arab Emirates (UAE) was signed after just over a year of negotiations. With high demand for premium seafood in the UAE, particularly for shrimp and tuna products, Vietnam’s tuna industry is expected to gain increased export opportunities and higher product value thanks to the preferential terms of the CEPA.
(seafood.vasep.com.vn) In October 2024, seafood exports from Vietnam are estimated to exceed $1 billion, marking a 28% increase compared to the same period last year. This achievement signifies the first return to the $1 billion milestone in 27 months, since June 2022, providing a significant boost for Vietnamese seafood enterprises.
(seafood.vasep.com.vn) Under the theme "Dong Thap Pangasius: Green Journey - Green Value," the Dong Thap Pangasius Festival 2024 will take place over two days, November 16th and 17th, at Vo Nguyen Giap Square in Hong Ngu City.
(seafood.vasep.com.vn) The Department of Agriculture and Rural Development of Kien Giang has announced a plan to stabilize the biosafety rice-shrimp production area at 117,340 hectares by 2030.
(seafood.vasep.com.vn) According to the Department of Fisheries in Ca Mau, the total aquatic product output in the region is estimated at 536,140 tons as of October 17, achieving 82.23% of the annual plan and marking a 1.74% increase compared to the same period last year. Within this total, shrimp production stands at 208,495 tons, reaching 82.41% of the planned target and showing a 2.23% increase year-over-year.
(seafood.vasep.com.vn) According to data from Vietnam Customs, pangasius exports to Iraq have surged significantly in the first nine months of 2024, marking the highest levels seen in three years. This upward trend has positioned Iraq as a key market for Vietnamese pangasius, even surpassing Iran, traditionally regarded as a gateway for trade between Vietnam and the Middle East.
(seafood.vasep.com.vn) Bình Thuận's seafood production has maintained stability year-to-date, with favorable fishing grounds. However, the growth rate slowed slightly in the third quarter due to the impact of storms and tropical depressions in the East Sea.
(seafood.vasep.com.vn) Pangasius, a popular whitefish species favored in many global markets and a signature fish of Vietnam, faces stiff competition from other whitefish varieties such as cod, hake, and tilapia. However, Vietnamese pangasius has emerged as the top choice among whitefish imported by Brazil.
(seafood.vasep.com.vn) According to market trends, starting in Q3, importers typically ramp up purchases to prepare for the holiday season and year-end festivities. U.S. consumer spending is expected to recover in the second half of 2024 compared to the same period last year, which could positively impact the value of Vietnam's seafood exports to this market.
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