He expects Chu Lai would help turn Vietnam into one of the world’s wooden interior production centres, while addressing a groundbreaking ceremony for Chu Lai agro-forestry industrial park at the Chu Lai Open Economic Zone in the central province of Quang Nam on March 24.
The leader suggested Chu Lai (Quang Nam) team up with Dung Quat (Quang Ngai) and Da Nang city to form growth poles and required close coordination in policymaking and pooling resources for development.
He urged provinces to submit breakthrough mechanisms and policies to the Party Central Committee to improve competitiveness of key economic area in the central and Central Highlands, including Da Nang, Quang Nam and Dung Quat – Quang Ngai.
The 450ha agro-forestry industrial park will develop a materials farming area for the central, Central Highlands and neighbouring Laos and Cambodia. It will be built from 2019 to 2022 at a total cost of over 8.1 trillion VND (352 million USD).
It will also double as a research centre for seedlings, agricultural materials, biotechnology, harvest, preservation and processing. Model farms will grow grapefruit, mango, jackfruit and forestry trees using modern technology.
Once operational, it is expected to attract domestic and foreign investors to create a value production chain, add more revenue to the local State budget and generate jobs to 20,000 workers.
On the occasion, automaker Thaco Truong Hai began construction of an expanded automotive mechanical industrial zone on a total area of 115ha. Costing over 1.6 trillion VND, the work is expected to increase locally-made items for automobiles to more than 40 percent, thus meeting demand for export to ASEAN member states by 2020.
The management board of Chu Lai Open Economic Zone also granted an investment license to Thadi industrial, agricultural, forestry park. Thaco Truong Hai also signed strategic contracts with domestic and foreign firms to supply clean farm produce.
Build in 2003, the Chu Lai Open Economic Zone is the first coastal economic zone in Vietnam. It is strategically located midway between Vietnam’s northern and southern regions, and connected to National Highway 1A, national coastal routes, the trans-national railway, Ky Ha seaport, Chu Lai airport, and the Da Nang-Quang Ngai Expressway.
In the morning the same day, the PM laid wreaths at the monument dedicated to heroic Vietnamese mothers and martyrs’ cemetery in Quang Nam on the occasion of its 44th anniversary of liberation.
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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