The Tien Giang-based firm will continue to export 400 MT of seafood products to European countries. In 2014, it targets to produce 28,000 MT of seafood products (up 10,000 MT) for a total export value of US$60 million, a 1.5-fold rise and a turnover of VND1,500 billion, a 2-fold rise against that of 2013.
In 2014, Vietnam export-driven fishery industry may see more advantages than the previous years, as the global economy is on the recovery, leading to strong consumption in importing markets. At the moment, Godaco is investing in its reorganization plan by creating a close link among all steps in the production chain, as well as further promoting products to open more markets. In addition, Godaco focuses on equipment and modern technologies in processing plants to improve production and product quality to meet foreign consumers' demands.
In 2014, the company plans to inject VND150 billion in installing equipment in 3 feed processing chain, building more processing plant and a pangasius farming area of 50 hectares. Total superficies for farming area will be 230 hectares, satisfying 80 percent of raw material needs.
In late 2013, Godaco started running its new seafood processing zone which covered an area of 7 hectares including a pangasius fillet processing workshop, a fishmeal processing workshop and cold store in Ben Tre province. Of more than VND250 billion of the total investment, VND150 billion is invested into modern equipment and automatic conveyor.
In the 1st phase, the plant's production capacity is 150 MT of raw fish per day and 100 MT of by-products per day. Its cold storage has capacity of 5,000 MT of finished products. The plant will employ 1,500 local workers.
So far, Godaco has had 6 seafood processing plants for pangasius, clam and other seafood products, which are sent to 40 countries and territories. The company totals 3,000 workers with an average salary of VND5 million per person per month.
In 2013, the company exported US$40 million of seafood products to EU, Middle East and North America.
www.godaco-seafood.com.vn
According to Vietnam Customs, the export of value-added pangasius in the first eight months of 2024 has been evaluated as quite positive, with continuous growth in many major markets such as the United States, CPTPP, and the Netherlands...
(seafood.vasep.com.vn) The Department of Fisheries of Ca Mau province coordinated with the School of Fisheries under Can Tho University to organize training courses on high-tech shrimp farming for 120 people in processors, cooperatives and families that are raising intensive and super-intensive shrimp in the province.
(seafood.vasep.com.vn) Currently, Soc Trang province plans to expand its shrimp farming area from over 50,000 hectares to 57,000 hectares by 2025, aiming for a production of 233,800 tons and maintaining a $1 billion export value. The project will establish 45 climate-resilient shrimp farming models and ensure all farms meet aquaculture standards for traceability.
(seafood.vasep.com.vn) In July 2024, Vietnam's fish cake and surimi exports declined. The export value reached just over 24 million USD, down 3% over the same period. In the first 7 months of 2024, the cumulative export of this product group reached 152 million USD, down 13%.
(seafood.vasep.com.vn) Dong Thap is a key region for pangasius farming, boasting the largest production in the Mekong Delta. In the first seven months of 2024, the estimated aquaculture area reached 4,778 hectares, with a harvest yield of 307,336 tons. Of this, the intensive pangasius farming area covered 2,042 hectares, with a harvest of 252,670 tons.
(seafood.vasep.com.vn) According to Vietnam Customs, in the first half of August 2024, Vietnam's pangasius exports to the EU reached nearly 8 million USD, up 57% over the same period. Cumulative pangasius exports to this market as of August 15, 2024, reached 107 million USD, up 0.5% over the same period last year.
(seafood.vasep.com.vn) The Board of Directors of International Development & Investment Corporation (IDI) is confident of completing this year's profit plan in the context of gradually recovering demand for pangasius in China and Mexico.
(seafood.vasep.com.vn) Some farmers in Soc Trang province have successfully applied a balanced biological shrimp farming technique, which eliminates the use of chemicals to minimize environmental impacts. This is a model of farming that adapts to climate change.
8 finalists have been named in the best new seafood product competition to be awarded at Seafood Expo Asia, taking place 4 to 6 September at the Sands Expo and Convention Centre in Singapore.
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