According to Mr. Le Huu Loc, chairman of People's Committee of Binh Dinh provincial, who recently returned from a trip to Japan for trade promotion, said: “ We negociated and agreed with Hokugan (Japanese company) to build a processing plant in Binh Dinh”.
Accordingly, Hokugan will build its plant on an area of 5 hectares, to produce canned tuna.
In late August 2014, the company representative of Hokugan made a field trip to determine the location to build a factory in Binh Dinh. Under the plan, on 30th October, the company will join the authorities of Binh Dinh province to consider and decide on construction site, to do survey on the quality of caught tuna, and to evaluate raw materials to determine processing method.
Information for initial investment and capacity of the plant haven't been announced but Hokugan is committed to build an ice factory to provide free ice for vessels to improve the quality of tuna.
As a result from the trip of Binh Dinh provincial leaders, Japanese seafood enterprises committed to continuing to support fishermen to improve quality of tuna for direct export to Japan.
In November, Japanese fisheries experts are travelling to Binh Dinh to train and transfer technologies for catching and preserving tuna. Number of fishing lines will increase from 3 to 4, as requested by fishermen in Binh Dinh.
As quality weights much more than quantity, it is suggested that the existing trained teams should be accustomed to the technology before expanding the model to bigger scope.
There are now 2 enterprises in Binh Dinh joining this program with post havest activities and logistics.
According to Chairman of Binh Dinh Province, the promotion and commitments are to ensure that tuna will continue to be at the auction and seafood store chain of Kato Hitoshi General Office Co., Ltd. (Japan) – a partner of Bidifisco.
(seafood.vasep.com.vn) The US remains Vietnam’s largest single market for shrimp imports, accounting for 20% of Vietnam's total shrimp exports globally. As of October 15th, 2024, Vietnamese shrimp exports to the US reached nearly 600 million dollas, marking a 10% increase compared to the same period in 2023.
(seafood.vasep.com.vn) According to Vietnam Customs, pangasius exports to Canada reached over 1 million USD in the first half of October 2024, a 33% decrease compared to the same period last year. However, by October 15, 2024, total pangasius exports to Canada had reached 32 million USD, reflecting a 10% increase compared to the same period in 2023.
(seafood.vasep.com.vn) Cà Mau is accelerating its digital transformation, developing green industries, and promoting high-tech processing of agricultural and aquatic products, with a focus on sustainable economic growth and environmental protection.
(seafood.vasep.com.vn) The Dong Thap Pangasius Festival 2024, themed 'Dong Thap Pangasius: Green Journey - Green Value', will take place on November 16-17 in Hong Ngu City.
The positive business momentum in the domestic seafood sector could last into the first half of 2025, according to experts.
(seafood.vasep.com.vn) In the first three quarters of 2024, brackish water shrimp production exceeded 1.1 million tons, with export revenue reaching $2.8 billion. The seafood industry has set a target of $4 billion for shrimp exports for the entire year.
While the price of 1 kg of shrimp hovers around 20 USD, the value of 1 kg of chitosan—extracted from shrimp—can soar to 500 USD. This highlights a significant challenge within the seafood processing industry.
(seafood.vasep.com.vn) By October, Vietnam's shrimp exports had generated nearly $3 billion, reflecting an increase of over 10% compared to the same period last year. Shrimp remains the leading commodity contributing to the export turnover of the entire seafood industry.
(seafood.vasep.com.vn) Sao Ta Foods Joint Stock Company (FIMEX VN - HoSE: FMC) concluded Q3/2024 with significant growth in revenue. Specifically, Sao Ta Food recorded revenue of VND 2,845 billion, a 58.6% increase year-on-year. The company's profit after tax reached VND 95 billion, up 6.2%.
VASEP's Seafood Export Report for the third quarter of 2024 provides a comprehensive overview of Vietnam's seafood export performance in the first nine months, with impressive results reaching $7.2 billion—an increase of 9% over the same period last year. In the third quarter alone, seafood exports grew by 15%, totaling $2.8 billion. This growth is attributed to a recovery in demand and prices in key markets such as the U.S. and China, as well as the competitive advantage of value-added products in markets like Japan and Australia.
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