The State Budget contribution for this outlay will be used in developing fisheries infrastructure, they said.
They will try to tap FDI (foreign direct investment) as well as ODA (official development assistance) funding for other fisheries development projects, they added.
Vu Van Tam, deputy minister of Agriculture and Rural Development, said to ensure sustainable development of the local fisheries sector, delta localities must prepare scientific and specific plans for all processes including production, processing and export of seafood, particularly tra fish and shrimp.
If they do this, they would be able to manage the entire value chain better, ensuring profit distribution and risk sharing in the fairest way possible, Tam said.
He said that the delta fisheries sector has great potential to attract investment from domestic and foreign investors, apart from State Budget disbursements.
Tam said provinces and cities in the Cuu Long (Mekong) Delta region should create close linkages among themselves by setting up a fisheries development centre with Can Tho City as the hub.
Can Tho City has the right conditions to be developed into a fisheries hub for the delta since it has well-developed transport infrastructure linking regional localities by road, water and air. It also has several scientific and technological research institutes and training centres, Tam said.
If Can Tho hosts the delta's fisheries development centre, it would have a common fisheries market for the delta, a marine produce processing complex and a freshwater produce trading floor. It would also include research institutes and a human-resource development centre.
To realise this plan, the Government needs to issue incentive policies to encourage investments outside the State Budget.
"The agriculture ministry will submit a master plan for fisheries development until 2020 to the Government for approval. If the Government approves it, the plan will provide a legal framework for establishment of the centre," Tam said.
Dang Huy Dong, deputy minister of Planning and Investment, agreed with Tam, saying the Cuu Long Delta Fisheries Development Centre should be set up in a way that it can function as an effective link for the fisheries industry in the delta region.
Furthermore, he said, an agency specialising in regulating tra fish production and processing should be set up.
"The ministry plans to call on domestic and overseas enterprises to further invest into the delta's fisheries sector with the main focus on infrastructure facilities," Dong said.
(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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