Accordingly, by 2020, the sector strives to complete reorganization in marine exploitation to increase fishing capacity and fishermen’s income and develop fishing sector efficiently and sustainably.
The project’s targets will be implemented in two phases:
a) From 2013 to 2015
- About 25 – 30 percent of fishing vessels to operate under cooperatives. In which, 65 – 70 percent of offshore fishing vessels will go fishing in waters where logistical services are available.
- The number of trawl net will drop to less than 15 percent of total fishing vessels
- To monitor and manage 80 percent of fishing vessels operating at coastal areas;
- All fishing boats will be provided with fishing ground forecast newsletters every 30 days.
- Post-harvest loss will be dropped to less than 15 percent. Traceability system from exploitation, storage, processing and consumption will be applied to tuna fishing boats.
- The number of fishing boat accidents due to natural disasters and risks at sea will drop by under 50 percent against 2011.
b) From 2016 to 2020
- About 40 percent of fishing boats will operate under cooperatives. In which 90 – 100 percent of offshore fishing boats will operate in waters where logistical services are available.
- To observe operation of all offshore fishing boats.
- All offshore fishing boats will be provided with fishing ground forecast newsletters every 7 – 15 days.
- Post-harvest loss will be dropped to less than 10 percent. Traceability system will be applied to fishing boats working with high value species.
- The number of fishing boat accidents will drop by 15 percent compared to 2011.
The decision took into effect since the date of signing.
(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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