Created by the GAA in 2008, BAP has the mission of providing quantitative guidelines for evaluations of best practices in aquaculture.
“As we look forward to 2020, our eyes are fixed on the horizon and humanity’s enormous challenge of increasing protein production by 30 to 50 percent by 2050, while simultaneously reducing environmental impact,” GAA President George Chamberlain said in a letter included in the report. “Aquaculture will have a major role, but we must work hard to sustainably intensify our production methods. GAA does this not only through BAP certification activities, but also through initiatives focused on the improver space and on leading-edge technologies.”
The BAP certification has now been awarded to 388 processing plants, 1,833 farms, 132 feed mills, 279 hatcheries, and 49 reprocessors.
In 2019, the program integrity team traveled to 13 countries to visit BAP-certified facilities, and food-safety laboratories, and the GAA conducted auditor training courses in Santiago, Chile; Portsmouth, New Hampshire, U.S.A.; and Ho Chi Minh City, Vietnam. BAP has certified auditors in more than 20 countries worldwide.
GAA introduced a redesigned dashboard with the launch of the new BAP website in October 2019, with the goal of displaying supply chain data in a more user-friendly way. For 2020, BAP plans to launch a new Supply Chain Transparency (SCT) program plant view, which will allow all BAP-certified plants sourcing BAP-certified products to access their production chain data.
This year, GAA initiated a traceability study in order to better understand where the seafood industry currently stands regarding traceability initiatives and operations. Data-verification pilot programs are expected to launch at a select few BAP certified facilities within several weeks, according to the report.
(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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