To fulfill the target, Mekong Delta provinces are using 596,000 hectares of water surface for shrimp breeding; 580,000 hectares of which are used for black tiger shrimp farming and the rest is for whiteleg shrimp and giant freshwater prawn production. The coastal provinces of Ca Mau, Bac Lieu, Kien Giang, Soc Trang and Tra Vinh are Mekong Delta's farming hubs with total area of 478,000 hectares. In 2014, these provinces hope to reap 381,000 MT of shrimp production, including 300,000 MT of black tiger shrimp and 78,000 MT of whiteleg shrimp.
To prevent diseases on shrimp, local authorities are upgrading irrigation system, strengthening to control waste treatments and the production of shrimp seed. A part of superficies for industrial shrimp production in some provinces lacking clean water supply for aquaculture are shifted into semi-intensive or innovated intensive farms.
Local farmers are guided to apply sustainable measures to treat water environment in grow-out ponds.
Local authorities are intensifying inspections of producers and traders of aquatic drugs and feed to prevent the usage of banned chemicals in aquaculture.
Farmers in Ca Mau, Bac Lieu, Soc Trang, Ben Tre and Kien Giang provinces were offered loans totally worth VND500 billion to renovate their shrimp ponds and buy feed and shrimp seeds for cultivation. Can Tho city, Ben Tre and Hau Giang provinces are expanding more 65 hatcheries of freshwater giant prawn, supplying 800 – 900 million shrimp seed to farmers.
In 2013, the Mekong Delta had more than 588,000 hectares of shrimp production area, and produced nearly 380,000 MT of shrimp, contributing 92 percent and 79.8 percent to nationwide production superficies and output, respectively.
Last year's shrimp export turnover valued at US$2.5 billion. In the first two months of this year, earnings from export were over US$430 million.
(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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