The area will cover 418.91 hectares in Hiep Thanh commune, Bac Lieu city, with total expected investment of 3.2 trillion VND (140.4 million USD).
The locality has big ambitions of becoming a national shrimp industrial hub.
The area will serve as a centre linking with institutes, schools and businesses using high technology in shrimp breeding, creating a chain from producing parent shrimp and varieties to super-intensive farming, processing, preservation and food production research.
According to Chairman of the provincial People’s Committee Duong Thanh Trung, after the ceremony, more than 20 businesses registered to invest in the shrimp farming area, while many institutes and schools signed agreements to connect, transfer and apply advanced technologies. The total registered investment amounted to more than 2.6 trillion VND (114.1 million USD).
He called for more assistance from the Government, ministries and businesses to build high-tech shrimp farming models to aid local development.
Minister of Agriculture and Rural Development Nguyen Xuan Cuong said the area will help expand high-tech shrimp breeding across the region along with 28 shrimp-breeding cities and provinces nationwide, contributing to realising the country’s shrimp export target of 10 billion USD in 2021-2025.
PM Phuc urged the province to accelerate the construction of the area to put it into operation as soon as possible.
The same day, the PM attended a ceremony to release shrimps in a greenhouse of Vietnam-Australia Group and build a symbol of Vietnamese shrimp.
Bac Lieu has an aquaculture area of 1,290 sq.km. With a coastline of 56 km, three seaports and an economic exclusive zone of 20,742 sq.km, the province has favourable conditions to develop agriculture, fishing and fishery logistics.
Agriculture accounts for 43.14 percent of the province’s gross regional domestic product. Each year, the locality harvests about 210,000 tonnes of aquatic products, of which 115,000 tonnes are shrimp, with shrimp export turnover exceeding 527 million USD.
VNA
(seafood.vasep .com.vn) The return of Donald Trump to the White House for a second term will bring significant impacts on Vietnam, particularly its pangasius export sector. Trump's economic policies, such as raising import tariffs, reducing corporate income taxes, and attracting foreign direct investment (FDI) back to the US, are expected to directly influence various industries in Vietnam.
(seafood.vasep.com.vn) The UAE ranked 16th among importers of Vietnamese shrimp from 2018 to 2022, accounting for approximately 0.5% of Vietnam's total shrimp export value. Annually, Vietnam exported around US$20 million worth of shrimp to this market.
(seafood.vasep.com.vn) The company also announced that its farms are well-prepared and will begin stocking in mid-November when the weather conditions are favorable.
(seafood.vasep.com.vn) To maximize natural advantages and increase the value of local aquatic products, Ca Mau province is promoting the ecological shrimp farming model under mangrove forests. This model not only brings high profits to people thanks to businesses committing to purchasing products at prices 10-20% higher than the market price but also aims for sustainable development and environmental friendliness.
(seafood.vasep.com.vn) The Comprehensive Economic Partnership Agreement (CEPA) between Vietnam and the United Arab Emirates (UAE) was signed after just over a year of negotiations. With high demand for premium seafood in the UAE, particularly for shrimp and tuna products, Vietnam’s tuna industry is expected to gain increased export opportunities and higher product value thanks to the preferential terms of the CEPA.
(seafood.vasep.com.vn) In October 2024, seafood exports from Vietnam are estimated to exceed $1 billion, marking a 28% increase compared to the same period last year. This achievement signifies the first return to the $1 billion milestone in 27 months, since June 2022, providing a significant boost for Vietnamese seafood enterprises.
(seafood.vasep.com.vn) Under the theme "Dong Thap Pangasius: Green Journey - Green Value," the Dong Thap Pangasius Festival 2024 will take place over two days, November 16th and 17th, at Vo Nguyen Giap Square in Hong Ngu City.
(seafood.vasep.com.vn) The Department of Agriculture and Rural Development of Kien Giang has announced a plan to stabilize the biosafety rice-shrimp production area at 117,340 hectares by 2030.
(seafood.vasep.com.vn) According to the Department of Fisheries in Ca Mau, the total aquatic product output in the region is estimated at 536,140 tons as of October 17, achieving 82.23% of the annual plan and marking a 1.74% increase compared to the same period last year. Within this total, shrimp production stands at 208,495 tons, reaching 82.41% of the planned target and showing a 2.23% increase year-over-year.
(seafood.vasep.com.vn) According to data from Vietnam Customs, pangasius exports to Iraq have surged significantly in the first nine months of 2024, marking the highest levels seen in three years. This upward trend has positioned Iraq as a key market for Vietnamese pangasius, even surpassing Iran, traditionally regarded as a gateway for trade between Vietnam and the Middle East.
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