On November 5th, Mr. Huynh Tat Dat, Deputy Director of the Dong Thap Department of Agriculture and Rural Development, said that the pangasius festival aims to promote the image and brand of Dong Thap pangasius and create opportunities for businesses and partners to meet, exchange, and share market information.
Especially, the festival highlights the positive transformation of the pangasius industry with a commitment to developing the industry towards quality, efficiency, and environmental sustainability; creating inclusive social values, improving livelihoods and social equity, while significantly reducing environmental risks and ecological resource scarcity, meeting the increasingly high import criteria of domestic and international markets.
Within the framework of the festival, there will be activities such as: A cross-border trade promotion fair and a space for displaying and exhibiting typical OCOP products associated with the pangasius value chain; artistic performances, sports, etc. In addition, there will be a conference to summarize the pangasius industry in 2024 and propose implementation solutions, organized by the Ministry of Agriculture and Rural Development in collaboration with the Provincial People's Committee.
Huynh Tu Linh, Vice Chairman of Hong Ngu City People's Committee, said that the new highlight of this year's festival is the participation of the entire industry chain, from businesses, farmers, government agencies, and associations. Moreover, the festival aims to expand beyond the 'pangasius capital' of Hong Ngu (Dong Thap) and spread to other pangasius-farming localities in the region.
In the first nine months of 2024, Dong Thap's pangasius and basa production reached 335,610 tons, a 4.88% (15.606 tonnes) increase year-on-year.
(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.
(seafood.vasep.com.vn) Khánh Hòa province is currently leading the way in implementing Electric Catch Documentation and Traceability System (eCDTs).
(seafood.vasep.com.vn) The European Union, with its stringent quality requirements, has become an attractive destination for the shrimp industry of many countries, including Vietnam. Vietnamese shrimp meeting EU export standards not only increases product value but also solidifies Vietnam's position in the global seafood market.
(seafood.vasep.com.vn) Vietnam's shrimp exports accounted for the highest export value among all seafood products in the first nine months of the year, reaching nearly $2.8 billion, a 10.5% increase compared to the same period in 2023.
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