There are 12,000 workers back to work in 22 out of 33 Ca Mau-based processing plants for exported frozen seafood products on the second day of Vietnamese Lunar New Year.
Over the recent years, Ca Mau has been focusing in developing the local processing chain. Its 33 seafood processing plants are all equipped with modern technologies to produce high quality products meeting international standards. The province now numbers 30,000 workers in these plants.
At the same time, nearly 3,000 fishermen started their fishing trips to kick off a new fishing season.
Song Doc is the largest fishing zone in Mekong Delta, which reported 2,500 boats and 20,000 fishermen. In 2013, local catch was 170,000 MT of aquatic species of all varieties. Song Doc strives to reach 20,000 of catch in 2014.
Leading in shrimp farming and exporting
Ca Mau-resided farmers are preparing 260,000 hectares of farming ponds for the new shrimp season. Ponds for industrial shrimp production reaches 6,050 hectares, 50 hectares above those in the same period of 2013. Currently, whiteleg shrimp is highly valued thanks to short farming period and high profits. Local farmers are turning to this species, which even takes a proportion of 60 – 70 percent of farming area in some destinations.
The province also targets to maintain its first position in the Vietnamese shrimp industry.
(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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