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.
(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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