Minister of Agriculture and Rural Development Nguyen Xuan Cuong elaborated that these provinces own favourable conditions such as clean saltwater sources. Meanwhile, they are also tourism destinations which are a good market for shrimp consumption.
The region ranks second, behind the Mekong Delta, in terms of shrimp farming. Notably, the north central provinces own great potential for rearing white-leg shrimps, he noted.
The region has a large area of sand, between 12,000 – 14,600ha, on which shrimp farming will make use of infertile soil here.
The Government has issued development directions for the shrimp sector, targeting export revenue of 8-10 billion USD by 2025.
However, the central coastal provinces are also vulnerable to natural disasters like storms and flood which have affected local infrastructure, Cuong added.
There are currently nearly 696,000ha of brackish water shrimp farming in Vietnam, with a total output of more than 657,000 tonnes. Shrimp products have been exported to 90 foreign markets, bringing home more than 3 billion USD each year.
Fourteen central coastal provinces are farming shrimps in a total areas of more than 3,730ha, a strong increase from about 2,380ha in 2010, producing nearly 42,000 tonnes of shrimps. High productivity is recorded in Quang Nam, Quang Ngai, Binh Thuan and Ninh Thuan.
Minister Cuong asked the provinces to survey land that can be used for farming shrimps while ensuring environmental protection and the farming of other animals or crops.
Meanwhile, businesses should connect with each another and with farmers to develop shrimp breeding and farming technology, share experience and boost sales. Relevant ministries and sectors need to have planning for shrimp farming areas and work out development solutions for this industry, he added.
Source: VNA
(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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