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.
SSI forecasts a 28% year-on-year increase in after-tax profit attributable to the parent company of Vinh Hoan Corporation (VHC), driven by a gradual improvement in average selling prices from USD 3.15/kg in 2024 to USD 3.30/kg (+5%) in 2025. An Giang Fisheries Import-Export Joint Stock Company (ANV)'s after-tax profit attributable to the parent company is projected to rebound by 104%.
In 2025, the Mekong Delta province of Bac Lieu aims to earn 1.2 billion USD from exporting shrimp, one of the key export products that accounts for over 95% of its total export value.
(seafood.vasep.com.vn) The Report on Vietnam Pangasius Sector 2015–2024, produced and released by the Vietnam Association of Seafood Exporters and Producers (VASEP) in January 2025, is expected to provide enterprises, importers, and government agencies with a comprehensive overview of key developments in Vietnam's pangasius production and export over the past decade. In addition to highlighting achievements, the report identifies existing challenges and analyzes future opportunities and threats for the pangasius industry.
(vasep.com.vn) Overcoming two years of fluctuation in both export markets and domestic production, Vietnam's pangasius industry has demonstrated resilience, adaptability, and a strong determination to seize opportunities and boost exports to various markets. As a result, in 2024, pangasius exports reached USD 2 billion, a 9% increase compared to 2023. This achievement is a source of pride for Vietnam's aquaculture and agriculture sectors.
(seafood.vasep.com) Speaking at a conference to implement the 2025 plan of the Ministry of Agriculture and Rural Development, Prime Minister Pham Minh Chinh urged the agricultural sector to strive for a total export turnover of agricultural, forestry, and fishery products reaching $70 billion by 2025.
With robust production and processing infrastructure, combined with continuous market development efforts, Vietnam’s seafood exports are poised for 10–15% growth in 2025.
In 2025, seafood exports are expected to continue to grow better and could reach 11 billion USD as in 2022. However, this is also the year the seafood industry will face challenges, including increased competition from other countries, trade wars and market barriers...
(seafood.vasep.com.vn) On the afternoon of December 25, at Toan Thinh Conference Center (Soc Trang City), the Soc Trang Fisheries Sub-department, under the Department of Agriculture and Rural Development of Soc Trang, held a conference to review the 2024 aquaculture activities and outline the brackish water shrimp farming plan for 2025. The event was attended by Ms. Quach Thi Thanh Binh, Deputy Director of the Department of Agriculture and Rural Development of Soc Trang.
The Mekong Delta province of Soc Trang aims to achieve export value of over 1.9 billion USD in 2025 by boosting production and processing of key products such as seafood, high-quality rice, fruits, and garments.
The UK-Vietnam Free Trade Agreement has significantly boosted Vietnamese seafood exports, with shrimp and pangasius leading the charge in the UK market.
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