According to statistics, shrimp processing and production brought Ca Mau about 1 billion USD, but mainly only vannamei shrimp, while black tiger shrimp, organic shrimp and organic shrimp still had a big room to dominate the market.
According to the Department of Agriculture and Rural Development of Ca Mau province, the province has more than 280,000 hectares of shrimp production, accounting for about 40% of the nationwide shrimp farming area. The annual harvest is estimated at 180,000-200,000 tons, accounting for about one-third of the country's shrimp export value. In 2020, Ca Mau's shrimp export turnover will reach about 1.2 billion USD, exported to 90 countries and territories. Ca Mau province determined that shrimp plays a very important role in the closed socio-economic development chain, including the development of seafood processing and export; branding and tourism development in Ca Mau; application of high-tech agricultural development technology, raising the value of agricultural products. Therefore, leaders of Ca Mau province have many policies to attract businesses to invest in this field.
Mr. Chau Cong Bang, Deputy Director of Ca Mau Department of Agriculture and Rural Development, shared that out of the total shrimp production area in the province, the area of organic shrimp production in mangroves is about 80,000ha, and organic shrimp under shrimp-rice model is about 50,000ha, improved extensive shrimp about 153,000ha, intensive shrimp about 8,500ha, including about 3,000ha of super-intensive shrimp. With this potential, the shrimp industry has brought Ca Mau about 1 billion USD annually.
Despite holding a great strength in the shrimp industry nationwide, the Ca Mau shrimp production, processing and export industry is still holding a small market share in the world market. According to the Food and Agriculture Organization of the United Nations (FAO), the global shrimp market is currently worth about 40 billion USD. Among them, the shrimp trade value is estimated at 28 billion USD, mainly the consumption of vannamei shrimp. Therefore, black tiger shrimp, organic shrimp and organic shrimp still have a lot of room to dominate the market.
Mr. Le Van Quang, Chairman of the Board of Directors of Minh Phu Seafood Corporation, assessed that the shrimp industry in the country in general and the shrimp industry in Ca Mau in particular should be properly assessed for its potential and strengths. Currently, in addition to the strength of high-quality shrimp, diversification of raw shrimp lines and processed product lines, there is also the strength of the country's shrimp processing technology, as well as the ability to apply processing technology into shrimp production of Ca Mau enterprises.
Thanks to these strengths, despite responding to the COVID-19 epidemic, while focusing on socio-economic development, Ca Mau shrimp processing and exporting enterprises have joined with farmers to increase seafood export turnover of Ca Mau in the first 4 months of 2021 to $240 million, up more than 13% over the same period last year.
In January 2025, Vietnam's shrimp exports to the UK reached over 16 million USD, an 8% increase compared to the same period last year. The UK is the sixth-largest individual market for Vietnam’s shrimp imports, accounting for 5.5% of the total shrimp exports to various markets. Shrimp also holds the largest share (70%) in Vietnam’s total seafood exports to the UK.
Nguyễn Đức Bình, vice director of Quảng Ngãi Province's Department of Agriculture and Rural Development, said that 4,259 out of 5,194 fishing boats (82 per cent) had registered for operations at sea.
(seafood.vasep.com.vn) The first two months of 2025 recorded positive signals in Vietnam's seafood export activities, with total revenue reaching USD 1.423 billion, growing 18.2% compared to the same period in 2024. In February 2025, the export value hit USD 655.197 million, showing an impressive growth of 42.6%.
(seafood.vasep.com.vn) Kiên Giang Province, home to over 13,000 fishing vessels, is intensifying efforts to combat illegal, unreported, and unregulated (IUU) fishing. Faced with challenges from offshore fishing, many vessels have shifted to near-shore fishing using destructive methods, severely damaging marine ecosystems.
(seafood.vasep.com.vn) Vinh Hoan Corporation (HOSE: VHC) continues to solidify its position as the leader in Vietnam's pangasius export industry with impressive business results in 2024 and positive prospects for 2025. Factors supporting growth, such as recovering demand, improved selling prices, and favorable international trade policies, make Vinh Hoan one of the top stocks to watch in investment portfolios for 2025.
Amid global trade uncertainties, Việt Nam is prioritising compliance with international market requirements to maintain and expand its agricultural exports.
On February 26, 2025, VinFast and the Vietnam Association of Seafood Exporters and Producers (VASEP) signed a comprehensive cooperation agreement to strongly promote green transformation goals. The collaboration between the two parties will contribute to the realization of the country’s sustainable development goals and help elevate the Vietnamese brand on the international market.
(seafood.vasep.com.vn) In 2024, the total brackish water shrimp farming area in Ca Mau reached 278,600 hectares, with a shrimp output of 242,000 tons. This output achieved 99.59% of the set target and marked a 4.57% increase compared to the same period last year. The average shrimp yield attained 869 kilograms per hectare per year, representing a 38 kilograms per hectare per year increase compared to 2023. Shrimp export turnover reached USD 1.12 billion, positioning Ca Mau amongst the nation's leading localities in this sector.
(seafood.vasep.com.vn) In 2024, Ben Tre province expanded its high-technology application in aquaculture by an additional 523 hectares, surpassing the planned target of 500 hectares and achieving a fulfillment rate of 104.6%. To date, the province has converted 3,633 hectares to high-tech aquaculture out of the 4,000-hectare goal, representing 90.82% progress towards the 2021-2025 phase plan. This sector yields an average productivity of 60-70 tons per hectare, with a total output reaching 221,282 tons. The average profit margin ranges from VND 700 to 800 million per farming season, delivering substantial economic benefits to the local populace.
(seafood.vasep.com.vn) In 2025 In 2025, Vietnam's brackish water shrimp industry will continue to grow sustainably, enhancing value-added products with strong contributions from local authorities and the business community.
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