Accordingly, a key economic zone in the Mekong Delta, which includes Can Tho and An Giang, Kien Giang and Ca Mau provinces, is established with modern and sustainable development and high adaptability to climate change.
By 2020, the Mekong Delta strives to bring the annual growth of 4.8 – 5.2 percent in agro-forestry and aquatic production value. The growth of agro sector is 3.7 – 4.2 percent, forestry sector rises 0.5 percent and fisheries sector up 7.5 – 8 percent.
Among total production value, agro products account for 56.2 percent, forestry products occupy 0.5 percent and the rest of 43.3 percent is aquatic products. The average per hectare productivity of agricultural production targets to gain VND140 – 150 million per year and aquaculture sector is VND260 - 270 million per hectare per year. By this time, rice and fish outputs planned to obtain 10.2 million MT and 1.8 million MT, respectively.
By 2030, the region aims to achieve the annual growth of 4.5 – 5 percent in agro-forestry-fisheries production in which the growth in agro production is expected to touch 3.3 – 3.8 percent, forestry rises 2 – 2.5 percent and fish products up 7.2 – 7.7 percent.
The region also hopes that by 2030, every 1 hectare of crop cultivation land will create VND240 - 250 million per year and every 1 hectare of aquaculture farm will create VND430 - 450 million. By the time, total rice output obtains 9.5 - 10 million MT and fish production is more than 2 million MT.
The authorities in the key economic zone in the Mekong Delta will limit the expansion of non-agricultural land from agricultural land. By 2020, agricultural land will be ensured to cover 1.41 million hectares. Of this space, rice cultivation will make up 787,000 hectares; 130,700 hectares of perennial plantation (fruit and coconut planting); 215,000 hectares of forest land and 259,300 hectares of aquaculture farms (12,100 hectares of freshwater fish breeding and 247,200 hectares of brackishwater fish farming); 80 hectares of salt production.
Local authorities will focus restructuring the region's agricultural production, give favorable conditions for farmers to increase the value of agro products, particularly rice. They also strengthen developing economic models to raise farmers' income.
Key products will be invested to develop their quality. The brand name and labels of key products will be promoted widely inside and outside the country with geographic indications. Key products like rice, pangasius, shrimp are given priority to develop. Besides, Phu Quoc fish sauce brand is developed.
(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.
(seafood.vasep.com.vn) Khánh Hòa province is currently leading the way in implementing Electric Catch Documentation and Traceability System (eCDTs).
(seafood.vasep.com.vn) The European Union, with its stringent quality requirements, has become an attractive destination for the shrimp industry of many countries, including Vietnam. Vietnamese shrimp meeting EU export standards not only increases product value but also solidifies Vietnam's position in the global seafood market.
(seafood.vasep.com.vn) Vietnam's shrimp exports accounted for the highest export value among all seafood products in the first nine months of the year, reaching nearly $2.8 billion, a 10.5% increase compared to the same period in 2023.
(seafood.vasep.com.vn) According to the Ben Tre Statistics Department, the province’s aquaculture sector has been relatively stable and has experienced growth recently, particularly due to the high efficiency of intensive shrimp farming models.
(seafood.vasep.com.vn) In the third quarter, several Vietnamese seafood companies announced strong financial results, showcasing resilience and growth in a challenging market.
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