MEKONG DELTA — Fish farmers in the Cuu Long (
To meet the increasing demand for the tasty treat, farmers are using a new website called Wikimapia to find the best places to breed catfish in the Tien and
The website, owned by the same company that runs the online encyclopaedia Wikipedia, has a wealth of aerial photographs and satellite images from around the world, including
Farmers say the images give them a better idea of where catfish are likely to mature best.
"This website allows me to see the whole area. I can figure out which land is suitable for fish breeding," says Nguyen Van Hoa.
The "land hunters", a name that’s beginning to catch on for these innovative fishers, have focused their efforts where the two rivers cross into Can Tho and
"These are perfect spots to breed fish because the area has strong currents to oxygenate the waters and a stable eco-system devoid of pollutants," he says.
"Just by clicking the mouse, I learn the pros and cons of each region. The only thing I have to worry about is the price of the land!" says Hoa.
With the help of his partners, Hoa has also bought 10ha of land in
Last year, fish breeders almost doubled their profits when the price of catfish reached VND15,000 (US$0.93) per kilogram.
The price jumped again in early 2007 to VND17,000 per kilogram, VND7,000 ($0.43) more than it costs to breed the lucrative fish.
Fish farmers in the area say they can now afford luxuries like cars and boats.
Land locked
But as the value of catfish rises, so too does that of the land where farmers set up shop.
In Tan Loc, another prime breeding location, 1,000 sq.m of land can cost upwards of VND280 million (US$17,000), depending on the soil and how good the fishing is.
Le Thi The, a catfish cultivator who made tens of billions of dong exporting seafood last year, says she’s seen land in Tan Loc become much more expensive.
The price for 1,000 sq.m of land went from VND50 million ($3,125) to VND200 million ($12,500) in just three years, she says.
The cost balances out because 10,000 sq.m of fishing land is worth anything from VND700 million (US$43,750) to VND1 billion (US$62,500), says The.
Many farmers haven’t balked at the steep prices because they can recover their money within a year, she says. Producing the fish costs around VND14,000 ($0.87) with the added expense of purchasing land.
Le Van Thanh, a cultivator from Binh Minh District, says there may not be enough land to meet farmers’ needs if the price stays between VND180 million ($11,250) to 200 million.
(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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