Men, 51, invested VND3.5 billion (US$168,000) to build the biggest vessel in the coastal central region after
The Da Nang-based fisherman said his vessel was able to stay at sea longer, saving large amounts of money.
"My venture enables each fishing boat to save at least VND80 million ($3,800) monthly as I can supply oil, ice, water and food to the other boats at sea," he said.
He said fishing boats have had to waste many days going to and from port to unload fish and to stock up with food and fill up with fuel.
Deputy head of the Central Committee of Communications and Education, Truong Minh Tuan, said a meeting had been held to honour individuals and businesses in coastal cities and provinces involved in the development of the sea and islands.
"They have achieved good results in production, creating jobs for thousands of labourers and helped protect the country's sea and islands," Tuan said.
He urged business people and fishing associations to foster deep-sea fishing and develop fleets of fishing vessels as well as building shipyards and ports.
Director of Nha Trang Seafood export company, Huynh Long Quan, said it had earned $68 million from exports last year, created jobs for 870 people who each took home an average monthly income of VND3.6 million ($170).
However, he said many seafood processing companies needed further support from the State to overcome the economic downturn.
He said the development and expansion of seafood processing firms and fishing businesses would help protect the country's sea and islands.
Quan said larger fleets of fishing boats would be able to provide boundary protection for
(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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