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) 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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