An Giang province had currently had VND1,265.338 billion of total outstanding debts, Vinh Long VND31,967 billion, Dong Thap VND4,154 billion, and Can Tho VND5,688 billion.
Inter-ministerial inspection delegation, including D-Fish, had meetings with local People’s Committees, Departments of Industry and Trade and state-owned commercial banks to assess the situation. Regarding loan interest rates, most fish farmers and processors with debts at maturity had received interest rates down to 13 – 15 percent per year.
However, some commercial banks still calculated high interest rate of 19 – 20 percent for loans offered for pangasius sector, causing more pressures on costs for fish production and processing to export. Relevant authorities in localities are trying to find measures to handle the obstacle.
The inspection delegation also took a visit to fish farms and processing facilities and noted that there still have been some fish producers and processors unable to access banks’ capital sources.
Dong Thap recorded good results in saving its pangasius industry. Mekong Delta-based province totals now 1,174 units supplying pangasius fingerling. It also reaches a large area of fish farming of 769.5 hectares.
Dong Thap still has difficulties in providing sources of capital and offering new loans to pangasius industry insiders, but local authorities have taken active action to deal with existing problems in order that pangasius industry insiders can get loans with 11 percent interest rate.
In early October 2012, Dong Thap’s relevant authorities hold dialogue with pangasius farmers on television to hear their concerns over bank loans and answer their questions related to the issue to find the solution for the problem.
(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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