The conference will hear insights on the two key issues: strengthening the integrated value chain in Vietnam pangasius industry and building brand for Vietnam pangasius and value-added products.
The conference is attended by 200 representatives from leading pangasius companies, other stakeholders in the industry, banks, software companies, experts from nutrition and quality management sector, feed suppliers and logistics services companies. The conference’s objective is to discuss problems in the pangasius industry to find measures to enhance the products quality and the image of Vietnam pangasius in the global market.
With an annual revenue of over US$1 billion, pangasius has been considered as a key business sector of Vietnam, especially in Mekong Delta – home to pangasius production. According to Vietnam Ministry of Agriculture and Rural Development (MARD), lands for pangasius production in Mekong Delta were 5,910 hectares in 2012. The industry is expected to total 13,000 hectares for fish farming by 2020.
In 2012, Vietnamese pangasius products were exported to 133 countries and territories for total of US$1.74 billion. So far, Vietnam has numbered 136 pangasius exporters, but only five of them have total production capacity of over 100 MT per day. Other ten companies have capacity of about 100 MT per day. The rest was processors with low production capacity.
At present, players in the export-driven pangasius industry have still focus on the export price and do not invest much in improving the quality and brands for fish products. There has not been common standards for exported pangasius products. The management of fish farming area is also a concern.
To drive the pangasius industry towards sustainable development, participants to the conference give in-depth analyses on the sector in order to evaluate production capacity and fish aquaculture management system; apply modern technologies in farming and processing activities; create new line of pangasius products; as well as set measures to protect Vietnamese companies against trade disputes.
(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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