For this initiative, which will be valid until 31 December, 2017, the bank will allocate BRL 500 million (USD 246.6 million).
This programme was presented at the Planalto Palace, along with the Harvest Plan for Fisheries and Aquaculture, in which the Brazilian government will invest BRL 4,100 million (USD 2,000 million) until 2014 to double fish production and reach two million tonnes per year.
According to figures provided by the Ministry of Fisheries and Aquaculture (MPA) in the past decade aquaculture grew on average by 10.3 per cent annually while fishing rose 2.4 per cent.
The new programme will consist of two sub-programmes: Proaquicultura-Production and Proaquicultura-Giro.
The first sub-programme includes financing civil works, facilities, purchase of furniture, tools, machines and equipment. It also includes funding for training and technical and managerial training, hiring studies, consulting and technical advice, national software acquisition and rent and working capital associated with investment.
The minimum value for the support of direct and indirect non-automatic operations will be BRL 3 million (USD 1.4 million), with a 144-month financing term and a 36-month grace period.
With respect to the sub-programme Proaquicultura-Giro, the working capital of the aquaculture enterprises is related to the increase in production, employment and salaries.
The minimum funding is BRL 10 million (USD 4.9 million) in respect of direct, indirect mixed and non-automatic operations.
According to BNDES president, Luciano Coutinho, the decision of the bank is to "heavily get involved in financing the infrastructure of the logistics" of the country.
"We will have to fund a significant percentage of all the investment in ports and airports," he stressed.
(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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