Under the plan, the locality will focus its investments in key sectors such as aquatic farming and sea-based tourism.
Chairman of the provincial People’s Committee Luu Xuan Vinh said Ninh Thuan aims to develop a legal framework and measures to mobilise resources for constructing socio-economic infrastructure, coastal urban areas, and implementing social welfare policies, vocational training, job generation and climate change adaptation.
By 2020, the sea-based economy is expected to account for 38-40 percent of the local GDP, generate 17 – 17.5 trillion VND (767.75 million USD) in production and service value, and make up 46-47 percent of the province’s total export values, according to Vinh.
The province also continues implementing the Government’s policies on support for local fishermen to work offshore and the development of high-capacity fishing vessels, while setting up offshore fishing teams to safeguard the country’s sea and islands sovereignty.
According to the provincial Department of Planning and Investment, over 10 trillion VND (438.7 million USD) has been mobilised from 2011 – 2016 for maritime economic development. Maritime economic sectors contributed 25.2 percent of the province’s GDP and created jobs for over 41,000 labourers.
The province has 2,754 vessels with a combined capacity of 299.696 CV, including 159 offshore fishing ones.
As of March, 145 fishing teams with the involvement of 885 vessel owners have been set up to support each other during their offshore work.
Ninh Thuan, with over 105 kilometres of coastline, is among the nation’s major fishing grounds, offering over 60,000 tonnes of aquatic products per year for processing and exports.
The province also boasts its sea-based tourism potential thanks to favourable natural condition and such beautiful beaches as Vinh Hy, Binh Tien, Ninh Chu, Ca Na. It also has huge potential for wind-power and solar-power development.
Source: VNA
(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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