Ca Mau – The rice-shrimp cultivation area of Thoi Binh district in the Mekong Delta province of Ca Mau has received Best Aquaculture Practices (BAP) certification of the Global Aquaculture Alliance (GAA). The certification is the first presented to an aquatic farming establishment in Vietnam. Vo Van Duoc, a local farmer engaging in BAP project for two years, said that the model has helped his family earn 80 million VND (3,198 USD) per hectare each year. Vice Chairman of the People’s Committee of Bien Bach Dong commune Nguyen Phi Thoang said that after more than two years of implementation, the project in the locality has proved its efficiency in climate change adaption and income improvement. Currently, the model has drawn 321 households in the commune with a total farming area of more than 696 hectares. In the coming time, it plans to expand the area to about 2,000 hectares, Hoang said. Meanwhile, Vice Chairman of the People’s Committee of Thoi Binh district Nguyen Hoang Boa said that Thoi Binh boasts high potential for shrimp-rice cultivation models. The BAP will help the locality ensure sustainable farming for small-scale facilities, thus minimising negative impacts on the environment, ensuring social benefits, and contributing to changing production habits and mindset of farmers and businesses, he said. A representative from the German Agency for International Cooperation (GIZ) said that there are currently many standards that have been applied in aquaculture in Vietnam such as SQF, GlobalGAP, ASC, BAP, Naturland, AquaGAP, and VietGAP. However, the important standards that are commonly applied for shrimp export today are ASC, GlobalGAP and BAP. The common point of these three standards is to focus on ensuring food hygiene and safety, disease safety, environmental safety, social safety, and product traceability. Therefore, by achieving BAP certification, Ca Mau shrimp in particular and Vietnamese shrimp in general will enjoy a wider door to most demanding countries in the world, the representative said, explaining that GAA currently has more than 1,100 members in 70 countries and has become the most prominent organisation representing the global seafood industry. A representative from Minh Phu company, which engages in the project’s implementation, said that thanks to the BAP certification, products by households in the chain will be purchased by the associated enterprise for all BAP-certified shrimp at a price higher than the market price. This is a good condition and opportunity for Ca Mau to promote the image of local shrimp to the world market, especially in demanding markets with strict standards, the representative said./.
(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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