Production and consumption of aquatic products are difficult due to the impact of the COVID-19 epidemic. All levels, functional sectors and people in the Mekong Delta localities are implementing many timely solutions to stabilize and maintain the development of aquaculture activities. Recently, Working Group 970 of the Ministry of Agriculture and Rural Development (MARD) coordinated with relevant units to organize an online seminar connecting the chain of seafood production and consumption with Mekong Seafood. Connection Co., Lts under Mekong Food Group (MFG) in Ho Chi Minh City. Thereby, many businesses, households, cooperatives and aquaculture cooperative groups and representatives of the agriculture sector in the Mekong Delta regions have timely grasped information about market demand, facilities and necessary requirements to be able to supply, develop and produce a variety of seafood for export.
Currently, Mekong Seafood Connection Co., Ltd under MFG needs to buy about 1,000-1,500 tons of seafood every month. Therefore, the Company has a need to associate with businesses, households, cooperatives and groups of aquaculture in the Mekong Delta. Thereby, this link will help build material areas to form a chain of production, processing and export of aquatic products such as giant freshwater shrimp, white shrimp, black tiger shrimp, pangasius, frog legs, and tilapia, clams, scallops and a number of other products being promoted for trade such as eel, clown knifefish and sea fish...
Aquaculture in the Mekong Delta has affirmed its important role in the structure of agricultural production and contributed more and more to the socio-economic development of the whole region and the whole country. Previously, the aquaculture area of the region was only about 400,000 ha, but in recent years it has reached 800,000 ha, the annual output is more than 3 million tons and is accounting for a very large proportion of the total area and output of aquaculture in the country.
Mr. Le Huu Toan, Deputy Director of Kien Giang Province's Department of Agriculture and Rural Development, said: "By the end of August, farmers in 7 coastal districts of the province harvest about 1,500 tons of aquatic products of all kinds, including 1,056 tons. giant freshwater shrimp, 65 tons of white-leg shrimp, 100 tons of sea crabs, 126 tons of grouper, in addition to blood cockles, cobia... Therefore, the province is continuing to promote the supply-demand connection, supporting people product consumers. The province expects businesses to come to the locality to learn and sign contracts in principle for long-term association. Based on that, the Agriculture sector will direct production, arrange suitable seasons and material areas, and support production cooperatives according to the criteria of the ordering enterprise, ensuring a sustainable supply of raw materials. ".
(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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