The inauguration ceremony of An An factory (Thuan Phuoc Seafoods) in Tien Giang
At the beginning of the new year 2021, Thuan Phuoc Seafoods and Trading Corporation opened An An shrimp processing factory in Tien Giang, with a campus of nearly 3 hectares and an investment of over 400 billion VND, processing capacity about 50 tons of finished shrimp per day and cold storage capacity of 3,000 tons. This development investment will contribute to push Thuan Phuoc entering into the top 5 shrimp companies in Vietnam. At the same time, An An has a shrimp farming area of 200 hectares in Ba Tri, Ben Tre. This will become an ideal area, suitable for supplying raw materials as well as creating proactive control of food safety. An An is built synchronously, having a wastewater treatment system with a capacity up to 1500 m3/hour, ensuring its environment and sustainable development goals.
In the current context of the fisheries sector, An An’s inauguration is a breakthrough, but at the same time, many large shrimp enterprises have also actively changed. For example, Minh Phu Seafood Corporation has a plan at the end of the first quarter of 2021 to start two large processing factories in Hau Giang and Ca Mau, with a combined capacity of nearly 50,000 tons/year, an investment of nearly 1,000 billions VND. At the same time, Minh Phu also plans to build a factory in Kien Giang.
Sao Ta Foods Joint Stock Company (FIMEX) is also quick to take advantage of the opportunity to build 2 factories in An Nghiep Soc Trang Industrial Zone, constructed at the same time in 2020, with a total capacity of 20,000 tons/year and investment at nearly 400 billion VND.
Nha Trang Seafoods Joint Stock Company - F17 (NTSF) is also heading South similarly to Thuan Phuoc. NTSF already has a shrimp and pangasius processing factory in Thot Not, and is completing final stages for a shrimp processing plant in Ho Phong, Bac Lieu, with a capacity of 10,000 tons/year.
Minh Hai Joint Stock Seafoods Processing Company (Sea Minh Hai) is improving production conditions, increasing processing capacity and food safety for its 3 factories in Bac Lieu. Ca Mau Seafood Processing & Service Joint Stock Corporation (CASES) has renewed its deep processing factory and increased its storage capacity by 3,000 tons. In addition, the "giants" of the shrimp industry in Soc Trang such as Stapimex, Cleanfood, Taika, Khanh Sung ... all have programs to develop their activities in the coming years. The establishment of new businesses such as Thai Hoa (2019), Khanganfoods (early 2021) will not only make the competition of the shrimp industry more exciting, but will also be the driving force to make Soc Trang soon become a key shrimp area of the country.
In the jubilant atmosphere of the inauguration ceremony of An An factory with several flower baskets, I can feel the flow of the shrimp industry is persistently quiet, but will soon be exciting, especially during the second half of the year. The impressive export turnover figures are expected to be similar to the figures given by VASEP in the General Congress in December 2020.
Signals from An An factory and a series of new factories also create warm feelings in early spring, because it partly shows the synchronization of shrimp value chain links, helping Vietnamese shrimp to develop more stably and sustainably.
Dr. Ho Quoc Luc -Chairman of FIMEX
(seafood.vasep.com.vn) Sao Ta (FMC - HoSE), a key subsidiary of PAN Group, has announced impressive business results for February. The company's shrimp production reached 1,913 tons, a 106% increase compared to the same period last year, while agricultural product production reached 67 tons, up 6%.
(seafood.vasep.com.vn) The tuna export market of Vietnam in the first month of 2025 has seen notable fluctuations. Exports to most major markets have decreased compared to the same period in 2024.
The Seafood Expo Global is the largest seafood industry event in the world, truly becoming a professional playground and a strong foundation for connecting the international seafood community. The Seafood Expo Global (SEG) 2025 will take place from May 6 to May 8, 2025 in Barcelona, promising to be an important platform for the global seafood community to meet, trade, and seek business opportunities in seafood industry.
(seafood.vasep.com.vn) According to data from Vietnam Customs, Vietnam’s pangasius exports in January 2025 reached over USD 133 million, marking a 19% decline compared to the same period last year. Notably, the ranking of the top pangasius import markets saw significant adjustments.
(seafood.vasep.com.vn) According to a report by the General Statistics Office, the estimated pangasius output for January 2025 reached 102.5 thousand tons, representing a 6.0% increase compared to the corresponding period of the preceding year. This surge is attributed to the rise in pangasius material prices within the Mekong Delta, which has incentivized aquaculture farmers to expand their stocking activities. Concurrently, this price increase has facilitated processing enterprises to intensify procurement efforts to meet export demands during the early part of the year.
(seafood.vasep.com.vn) Between 2015 and 2024, Vietnamese pangasius exporting enterprises have undergone notable transformations in rankings and experienced fluctuations in developmental strategies, competitive intensity, and business efficacy. This dynamic is clearly illustrated through shifts in export turnover and the proportional contribution to the national pangasius export volume among the Top 5 enterprises.
(seafood.vasep.com.vn) The outlook for Vietnam’s seafood exports remains positive, with a strong focus on maintaining growth in key markets like China and the U.S., while diversifying into new regions. As global trade policies continue to evolve, adaptability and strategic planning will be key to navigating the challenges ahead.
(seafood.vasep.com.vn) Thanks to improved pangasius prices and higher production, Vĩnh Hoàn's after-tax profit in Q4 2024 reached VND 440 billion, a 4.8-fold increase compared to the same period last year.
(seafood.vasep.com.vn) According to data from Vietnam’s Customs, in Q4 2024, Vietnam’s pangasius exports to China & Hong Kong reached USD 163 million, a 17% increase compared to the same period in 2023, with consistent growth across all months. The total value of pangasius exports to China & Hong Kong for 2024 reached USD 581 million, a 1% increase over the previous year.
Vietnam’s seafood exports are projected to maintain strong growth this year, potentially reaching 11 billion USD.
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