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
SSI forecasts a 28% year-on-year increase in after-tax profit attributable to the parent company of Vinh Hoan Corporation (VHC), driven by a gradual improvement in average selling prices from USD 3.15/kg in 2024 to USD 3.30/kg (+5%) in 2025. An Giang Fisheries Import-Export Joint Stock Company (ANV)'s after-tax profit attributable to the parent company is projected to rebound by 104%.
In 2025, the Mekong Delta province of Bac Lieu aims to earn 1.2 billion USD from exporting shrimp, one of the key export products that accounts for over 95% of its total export value.
(seafood.vasep.com.vn) The Report on Vietnam Pangasius Sector 2015–2024, produced and released by the Vietnam Association of Seafood Exporters and Producers (VASEP) in January 2025, is expected to provide enterprises, importers, and government agencies with a comprehensive overview of key developments in Vietnam's pangasius production and export over the past decade. In addition to highlighting achievements, the report identifies existing challenges and analyzes future opportunities and threats for the pangasius industry.
(vasep.com.vn) Overcoming two years of fluctuation in both export markets and domestic production, Vietnam's pangasius industry has demonstrated resilience, adaptability, and a strong determination to seize opportunities and boost exports to various markets. As a result, in 2024, pangasius exports reached USD 2 billion, a 9% increase compared to 2023. This achievement is a source of pride for Vietnam's aquaculture and agriculture sectors.
(seafood.vasep.com) Speaking at a conference to implement the 2025 plan of the Ministry of Agriculture and Rural Development, Prime Minister Pham Minh Chinh urged the agricultural sector to strive for a total export turnover of agricultural, forestry, and fishery products reaching $70 billion by 2025.
With robust production and processing infrastructure, combined with continuous market development efforts, Vietnam’s seafood exports are poised for 10–15% growth in 2025.
In 2025, seafood exports are expected to continue to grow better and could reach 11 billion USD as in 2022. However, this is also the year the seafood industry will face challenges, including increased competition from other countries, trade wars and market barriers...
(seafood.vasep.com.vn) On the afternoon of December 25, at Toan Thinh Conference Center (Soc Trang City), the Soc Trang Fisheries Sub-department, under the Department of Agriculture and Rural Development of Soc Trang, held a conference to review the 2024 aquaculture activities and outline the brackish water shrimp farming plan for 2025. The event was attended by Ms. Quach Thi Thanh Binh, Deputy Director of the Department of Agriculture and Rural Development of Soc Trang.
The Mekong Delta province of Soc Trang aims to achieve export value of over 1.9 billion USD in 2025 by boosting production and processing of key products such as seafood, high-quality rice, fruits, and garments.
The UK-Vietnam Free Trade Agreement has significantly boosted Vietnamese seafood exports, with shrimp and pangasius leading the charge in the UK market.
VASEP - HIỆP HỘI CHẾ BIẾN VÀ XUẤT KHẨU THỦY SẢN VIỆT NAM
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