The Tien Giang-based firm actively invested in pangasius farming areas, assuring nearly 100 percent of raw fish needs for its processing plants, so far.
The company owns now a closed production chain including a feed mill with capacity of 300 MT per day, fish hatchery for 50 million fingerlings per year, fish farms with total superficies of more than 150 hectares for an estimated output of 80,000 MT of raw fish per year. Godaco operates four seafood processing plants: two plants for pangasius production (with capacity of 100 MT of raw fish and 150 MT of raw fish per day); a clam processing plant with capacity of 30 MT of raw material per day; and a processing plant for seafood mix and other value-added products.
The company also built a plant processing fishmeal and fish oil from pangasius byproducts to export to China and South Korea.
Developing certified pangasius farming area
Godaco has received ASC certificate for fish farming area of 30 hectares, another 15-hectare fish farm was also certified by GlobalGAP certification program. In 2014, the company will apply ASC standards in two other fish farms with area of 30 hectares.
The ASC standards will help Godaco ensure a well-management of its fish farming area’s impacts on the environment and surrounding communities, looking towards sustainable development. Sustainably farmed fish products are expected to make Godaco easier to meet strict technical barriers of European markets as well as satisfy requirements of consumers there.
Successful results
In 2012, Godaco exported pangasius, clam and seafood mix products to earn back US$31 million; 60 percent of which came from pangasius.
With two key export items – pangasius and clams, the company is trying to apply new technologies in production chain in order to reduce production costs and improve product quality.
Between January and March 2013, pangasius exports increased by 10 percent against the compatible time of 2012. Godaco targets to reach US$45 million of yearly export value, up 12 percent from the previous year.
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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