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) Sao Ta (FMC - HoSE), a key subsidiary of PAN Group, has announced impressive business results for February. The company's shrimp production reached 1,913 tons, a 106% increase compared to the same period last year, while agricultural product production reached 67 tons, up 6%.
(seafood.vasep.com.vn) The tuna export market of Vietnam in the first month of 2025 has seen notable fluctuations. Exports to most major markets have decreased compared to the same period in 2024.
The Seafood Expo Global is the largest seafood industry event in the world, truly becoming a professional playground and a strong foundation for connecting the international seafood community. The Seafood Expo Global (SEG) 2025 will take place from May 6 to May 8, 2025 in Barcelona, promising to be an important platform for the global seafood community to meet, trade, and seek business opportunities in seafood industry.
(seafood.vasep.com.vn) According to data from Vietnam Customs, Vietnam’s pangasius exports in January 2025 reached over USD 133 million, marking a 19% decline compared to the same period last year. Notably, the ranking of the top pangasius import markets saw significant adjustments.
(seafood.vasep.com.vn) According to a report by the General Statistics Office, the estimated pangasius output for January 2025 reached 102.5 thousand tons, representing a 6.0% increase compared to the corresponding period of the preceding year. This surge is attributed to the rise in pangasius material prices within the Mekong Delta, which has incentivized aquaculture farmers to expand their stocking activities. Concurrently, this price increase has facilitated processing enterprises to intensify procurement efforts to meet export demands during the early part of the year.
(seafood.vasep.com.vn) Between 2015 and 2024, Vietnamese pangasius exporting enterprises have undergone notable transformations in rankings and experienced fluctuations in developmental strategies, competitive intensity, and business efficacy. This dynamic is clearly illustrated through shifts in export turnover and the proportional contribution to the national pangasius export volume among the Top 5 enterprises.
(seafood.vasep.com.vn) The outlook for Vietnam’s seafood exports remains positive, with a strong focus on maintaining growth in key markets like China and the U.S., while diversifying into new regions. As global trade policies continue to evolve, adaptability and strategic planning will be key to navigating the challenges ahead.
(seafood.vasep.com.vn) Thanks to improved pangasius prices and higher production, Vĩnh Hoàn's after-tax profit in Q4 2024 reached VND 440 billion, a 4.8-fold increase compared to the same period last year.
(seafood.vasep.com.vn) According to data from Vietnam’s Customs, in Q4 2024, Vietnam’s pangasius exports to China & Hong Kong reached USD 163 million, a 17% increase compared to the same period in 2023, with consistent growth across all months. The total value of pangasius exports to China & Hong Kong for 2024 reached USD 581 million, a 1% increase over the previous year.
Vietnam’s seafood exports are projected to maintain strong growth this year, potentially reaching 11 billion USD.
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