I. POTENTIAL OF FARMING
- The area for shrimp farming is over 700,000 ha
- Farmers can raise shrimp all year round thanks to the weather in Vietnam
- Farmers in Vietnam have the level of shrimp farming above the world average
- There are many farms with the high level, reaching international standards: ASC, BAP, ...
II. POTENTIAL OF PROCESSING
- There are nearly a hundred shrimp processing factories in Vietnam :
+ General capacity of 500,000 MT/year.
+ Scales can be extended twice in a short time
- There are many large scale processing plants – meetingthe needs of large distribution systems
- The processing level of refined products stays high in the world
III. SUPPORTS
- The system of shrimp feed factories is constantly expanding its capacity
- Artificial post-larval shrimp breeding facilities expand their scale
- Logistics services are changing significantly, timely meet services for exports
- Goverment: issued Decree 57/2018/ND-CP on17th April 2018 on mechanisms and policies to encourage enterprises to invest in agriculture and rural area
- MARD: often:
Manage aquatic veterinary drugs
Recommend clean farming
Develop fisheries extension programs to bring new technologies to the farmers fastest
IV. CHALLENGES
- The area of spontaneous farming is high, and small-scale farming accounts for a high proportion -> control is limited
- Infrastructure has not kept pace with the farming movement: Many areas lack electricity, irrigation, roads...
- Shrimp breeders do not come up the standards:
+ Come from many different sources
+ There are many small facilities for artificial shrimp cultivation
-> There are limitation in good shrimp seeds and disease free, high costs of shrimp farming
V. SOLUTIONS
It is necessary to have a more detailed farming area plan and to have adequate and synchronous investment in infrastructure.
Implementation of large farming areas, farm size according to the international standards on the establishment of cooperative farming or land accumulation
launched a national parent shrimp production program & tight control of shrimp supply system.
Credit for shrimp farming
(seafood.vasep.com.vn) In recent years, the US has consistently been Vietnam’s largest seafood export market. Over the past five years, seafood export turnover to the US has ranged from 1.5 billion USD to 2.1 billion USD anually. Despite facing strict protective policies such as anti-dumping and countervailing duties, U.S. market demand remains high, and the quality of Vietnamese seafood continues to improve, helping to maintain and expand its position in this market.
(seafood.vasep .com.vn) The return of Donald Trump to the White House for a second term will bring significant impacts on Vietnam, particularly its pangasius export sector. Trump's economic policies, such as raising import tariffs, reducing corporate income taxes, and attracting foreign direct investment (FDI) back to the US, are expected to directly influence various industries in Vietnam.
(seafood.vasep.com.vn) The UAE ranked 16th among importers of Vietnamese shrimp from 2018 to 2022, accounting for approximately 0.5% of Vietnam's total shrimp export value. Annually, Vietnam exported around US$20 million worth of shrimp to this market.
(seafood.vasep.com.vn) The company also announced that its farms are well-prepared and will begin stocking in mid-November when the weather conditions are favorable.
(seafood.vasep.com.vn) To maximize natural advantages and increase the value of local aquatic products, Ca Mau province is promoting the ecological shrimp farming model under mangrove forests. This model not only brings high profits to people thanks to businesses committing to purchasing products at prices 10-20% higher than the market price but also aims for sustainable development and environmental friendliness.
(seafood.vasep.com.vn) The Comprehensive Economic Partnership Agreement (CEPA) between Vietnam and the United Arab Emirates (UAE) was signed after just over a year of negotiations. With high demand for premium seafood in the UAE, particularly for shrimp and tuna products, Vietnam’s tuna industry is expected to gain increased export opportunities and higher product value thanks to the preferential terms of the CEPA.
(seafood.vasep.com.vn) In October 2024, seafood exports from Vietnam are estimated to exceed $1 billion, marking a 28% increase compared to the same period last year. This achievement signifies the first return to the $1 billion milestone in 27 months, since June 2022, providing a significant boost for Vietnamese seafood enterprises.
(seafood.vasep.com.vn) Under the theme "Dong Thap Pangasius: Green Journey - Green Value," the Dong Thap Pangasius Festival 2024 will take place over two days, November 16th and 17th, at Vo Nguyen Giap Square in Hong Ngu City.
(seafood.vasep.com.vn) The Department of Agriculture and Rural Development of Kien Giang has announced a plan to stabilize the biosafety rice-shrimp production area at 117,340 hectares by 2030.
(seafood.vasep.com.vn) According to the Department of Fisheries in Ca Mau, the total aquatic product output in the region is estimated at 536,140 tons as of October 17, achieving 82.23% of the annual plan and marking a 1.74% increase compared to the same period last year. Within this total, shrimp production stands at 208,495 tons, reaching 82.41% of the planned target and showing a 2.23% increase year-over-year.
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