The Mekong Delta province of Bac Lieu will work closely with FLC Group and Viet Uc Group to build and develop brands for local shrimp products under a cooperative deal inked between the provincial People’s Committee and the two corporations on October 3.
The three sides will coordinate to register, manage and protect shrimp brands in Bac Lieu. The Viet Uc Group will help the province to develop its shrimp brands in line with national and international standards, while brand promotion campaigns will be designed and carried out by the locality, the Viet Uc Group and FLC Group, with promotional events held once a year at an FLC resorts or at high-tech shrimp farms owned by the Viet Uc Group.
Bac Lieu province has pledged to create the best conditions for the two businesses and local shrimp producers to develop their business and production value chains. Besides asking for support and advice from competent ministries and branches, the province will work to have local shrimp products labeled with the Vietnam Value tag.
According to Chairman of the provincial People’s Committee Duong Thanh Trung, Bac Lieu is the second largest shrimp producer in the country, with more than 135,000 hectares of shrimp breeding and a yield of some 150,000 tonnes per year. The province gains on average 600 million USD from shrimp exports annually.
The province is striving to become the national shrimp hub under the direction of the Prime Minister, he added.
Meanwhile, Director of the Directorate of Fisheries’ Department of Aquaculture Nhu Van Can said the fishery sector contributes about 3 percent of the nation’s GDP. As a key export, Vietnamese shrimp has been sold in more than 90 countries and territories. Last year, the product earned the nation over 3.55 million USD, accounting for 45 percent of the sector’s value.
However, Can said promotions for Vietnamese shrimp are still lagging behind the industry’s potential and development. Thus, he recommended Bac Lieu province and the corporations to develop shrimp brands in tandem with ensuring quality, building rational prices and expanding consumption markets.
VNA
(vasep.com.vn) According to data from the Department of Fisheries, as of March 20, 2024, the shrimp farming area reached about 348,670 hectares, including 334,799 hectares of black tiger prawn farming area and 13,871 hectares of white leg shrimp farming area.
(seafood.vasep.com.vn) Vietnam's tuna exports reached around $84 million in March 2024, a 17% rise. Vietnam's total tuna export revenue for the first three months of 2024 was $215 million, up 19% from the same time in 2023 but down 17% from 2022. It is anticipated that tuna exports may miss the billion-dollar mark as in 2022 at this rate and the difficulties the business faces.
Vietnam raked in over US$200 million from exporting tuna to 86 markets worldwide during the first quarter of the year, representing a rise of 19% against the same period from last year.
Vietnam’s pangasius export to the United Arab Emirates (UAE) reached more than 7 million USD in the first quarter of this year, a rise of 67% against the same period last year. UAE mainly imported frozen fillets from Vietnam.
(seafood.vasep.com.vn) According to data from General Department of Vietnam Customs, the UK imported nearly $3 million worth of pangasius from Vietnam in the first half of March 2024. Cumulative pangasius exports to this market reached $12 million as of March 15, 2024, down 3% from the same period last year.
Total export revenue from agro-forestry-fisheries products in the first three months of this year is estimated at 13.53 billion USD, up 21.8% over the same period last year; and this results in a trade surplus of 3.36 billion USD, a rise of 96.5%, according to the Ministry of Agriculture and Rural Development (MARD).
The southernmost locality is developing shrimp farming models that generate large outputs but are environment-friendly.
(seafood.vasep.com.vn) An Giang province's aquaculture output is predicted to reach 172.3 thousand tons in the first quarter of 2024, up 6.37% (+10.3 thousand tons) from the same time the previous year.
(seafood.vasep.com.vn) According to data from Vietnam Customs, as of March 15, 2024, Vietnam's cephalopod exports reached more than 109 million USD, a slight decrease of 3% compared to the same period in 2023. In the first quarter of this year, Vietnam's cephalopod exports are expected to reach about 136 million USD, down 2% over the same period last year.
(vasep.com.vn) According to statistics from the International Trade Centre (ITC), Portugal is the 6th largest tuna importer in the EU. In 2023, the country's tuna imports from other countries increased by 9% compared to 2022, reaching nearly 241 million USD.
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