The thing that distinguishes it is in the scale of processing, processed products as well as the machinery and equipment for factory operations. The factory campus is nearly 6 hectares wide with four processing plants for separate products, all of which are value-added shrimp. The factory is equipped with 12 IQF freezers with a maximum processing capacity of about 20,000 tons of finished products per year, equivalent to 60 tons per day.
With this process, the factory is definitely in the top 10 largest shrimp processing factories in the country. At this location, the factory is very close to the largest shrimp material area in the country, accompanied with Quan Lo - Phung Hiep highway and Can Tho - Ca Mau freeway making it convenient for the export procedure. This scale costs nearly 400 billion VND and will create jobs for 4,000 workers.
In the era of Industrial Revolution 4.0 and the strong wind of digital transformation, seafood processing factories also raise the level of international competition. The effort of mechanizing and automating as many processing stages as possible to increase productivity, reduce dependence on labor, freeing up labor and increase product safety.
For the past 15 years, the application of compressor cascade to increase the depth of sound and cooling efficiency, shortening the product freezing time, saving energy, saving extra and fresher product. The factory is equipped with laser sizing machine, shrimp stretching device, automatic dough wrapping device, automatic finished product weighing device... This integration, although not absolute, is considered to be the leading in the moment. The processing capacity here has conditions to increase and the competitiveness increases accordingly - things that factory formed later always has such an advantage. However, that depends on the operator's perception and financial capacity. In fact, there are still many shrimp processing factories that are newly formed, smaller in scale, and left behind only a short time after operation.
Shrimp industry with an annual growth target of about 8%, is reaching about 8 billion USD in export turnover by 2030. The shrimp farming segment is showing many favorable signs such as the shrimp farming process and cooperation chains are getting gradually better; the new policy will help creating many shrimp farms of tens and hundreds of hectares, which will contribute to a significant reduction in shrimp prices; saltwater intrusion and climate change, from a positive perspective is an opportunity to expand the farming area… The processing segment is in sync with the farming segment.
In early 2021, Thuan Phuoc's An An factory was inaugurated and in the fourth quarter of 2022, Sao Ta's newly built factory will come into operation.
Minh Phu is building two processing plants at the same time with an even larger scale. Many other processing plants are being upgraded and expanded… Each large factory as mentioned above has the capacity to consume 30,000 - 50,000 tons of raw shrimp annually, ensuring that there is no excess of commercial shrimp, and keeping it intact. The selling price is quite stable, creating peace of mind for shrimp farmers.
The Vietnamese shrimp industry is ranked in the top of the world in terms of processing level. This new factory is probably at the top of our shrimp processing industry. It is something that matches the trend, shows its vision and enhances the increasingly fierce competition at home and abroad. I think this is more or less something to think about for new members who intend to participate in this strenuous activity - processing frozen shrimp for export.
Dr. Ho Quoc Luc - Former Chairman of VASEP, Chairman of the Board of Directors of FIMEX VN
Compiled by My Hanh
(seafood.vasep.com.vn) In 2023, total pangasius imports into the European Union saw a significant decline compared to the previous year. Approximately 70,000 tons were imported, 3,000 tons less than in 2022, according to a report from FAO-Globefish.
(seafood.vasep.com.vn) On December 11, Vinh Hoan Joint Stock Company (Vinh Hoan Corp) was once again honored in the "Top 50 Most Effective Businesses in Vietnam" ranking, compiled annually by the Investment Bridge Magazine. This marks the 11th consecutive year Vinh Hoan has been recognized in this prestigious list.
(seafood.vasep.com.vn) The purchase price of raw pangasius in the first 11 months of 2024 remained at 26,000-27,000 VND/kg. However, farmers faced challenges in earning profits due to rising costs of fish feed, fuel, and labor during the year.
(seafood.vasep.com.vn) Sao Ta Foods Joint Stock Company (FIMEX) recently announced its production and business results for November 2024, showing a 5% year-over-year increase in revenue but a 21% decline compared to the previous month.
(seafood.vasep.com.vn) Soc Trang province underscores the critical role of the fisheries sector in driving its socio-economic development. Located along Vietnam's coastline, the province features 72 km of shoreline, three major estuaries—Dinh An, Tran De, and My Thanh—and a dense river network encompassing diverse ecosystems, including saltwater, brackish, and freshwater. These natural resources provide ideal conditions for the growth of aquaculture, making the fisheries sector a cornerstone of Soc Trang’s economic strategy.
(seafood.vasep.com.vn) In 2024, the pangasius industry in Dong Thap is projected to achieve a production value of VND 8.802 billion, marking a 2.86% increase compared to 2023 and accounting for over 17% of the province's total agricultural, forestry, and fishery production value.
(seafood.vasep.com.vn) Vietnam's tuna exports to Japan have seen robust growth over the past two months. Data from Vietnam Customs shows that in October 2024 alone, tuna exports to Japan surged by 31% year-on-year, reaching nearly USD 3.5 million. This growth has offset the decline experienced in the first half of the year, raising the total export value for the first ten months of 2024 to nearly USD 28 million, a 5% increase compared to the same period last year.
A business forum was held by the Dutch Embassy in Vietnam in collaboration with the Ministry of Agriculture and Rural Development (MARD) in the Mekong Delta city of Can Tho on November 27, seeking ways for sustainable aquaculture in the region.
(seafood.vasep.com.vn) On November 18, Ms. Truong Ha Phuong Anh, Director of the Center for Investment Promotion and Business Support (iPEC), stated that during the Ca Mau Province Agricultural and Aquatic Products Trade Promotion Conference 2024, held on November 15, there were 209 direct trade interactions between 42 seafood processing and exporting enterprises, OCOP producers in the province, and five leading domestic retail companies: Central Retail, Saigon Co.op, Kingfood Mart, Bach Hoa Xanh, and Satra Supermarket.
In 2024, the Binh Dinh Agricultural Extension Center successfully implemented a semi-intensive and intensive two-stage whiteleg shrimp farming model using Semi-Biofloc technology.
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