Tilapia is a fast-growing fish species with strong yield. The fish is considered as a main protein source in many developed countries. It is known as a delicious and good flavor fish which is rich in mineral and has less fat and enough protein for human health. Tilapia has been listed in the top ten fish species in the U.S, after shrimp and salmon. With the temperature from 27 – 32 Celsius degree for fish growing, Vietnam is an appropriate area to farm and export tilapia products. The fish will be stocked within 4.5 – 6 months with density of 150 – 200 fries per cubic meter depending on the quality of water sources.
Currently, tilapia products from China and Taiwan are dominating the global market. The world tilapia production increased from 400,000 MT in 1990 to 4.2 million MT in 2012, much higher than that of pangasius. Prices for imported tilapia in American market vary around US$3.8 – 4.2 per kilogram and the fish reported a large shares in the global market. According to Do Lap Nghiep, Deputy Director of Nam Viet Corporation (Navico), Vietnam need to comply with regulations on food safety in order to export tilapia products.
With appropriate weather, An Giang province will be a hub to develop tilapia farming to export. In terms of fish seeds, An Giang Aquatic Breeding Production Center has trained farmers to generally produce fingerlings in the province; therefore, there is enough supply of seeds to grow to export.
These recent years, beside Navico, there were several companies exported tilapia products but with a small volume. This was due to lack of raw material for processing. Currently, Navico is enhancing tilapia production and processing activities to export. It processed 10 MT of raw material per day.
According to Vietnam Customs, the export of value-added pangasius in the first eight months of 2024 has been evaluated as quite positive, with continuous growth in many major markets such as the United States, CPTPP, and the Netherlands...
(seafood.vasep.com.vn) The Department of Fisheries of Ca Mau province coordinated with the School of Fisheries under Can Tho University to organize training courses on high-tech shrimp farming for 120 people in processors, cooperatives and families that are raising intensive and super-intensive shrimp in the province.
(seafood.vasep.com.vn) Currently, Soc Trang province plans to expand its shrimp farming area from over 50,000 hectares to 57,000 hectares by 2025, aiming for a production of 233,800 tons and maintaining a $1 billion export value. The project will establish 45 climate-resilient shrimp farming models and ensure all farms meet aquaculture standards for traceability.
(seafood.vasep.com.vn) In July 2024, Vietnam's fish cake and surimi exports declined. The export value reached just over 24 million USD, down 3% over the same period. In the first 7 months of 2024, the cumulative export of this product group reached 152 million USD, down 13%.
(seafood.vasep.com.vn) Dong Thap is a key region for pangasius farming, boasting the largest production in the Mekong Delta. In the first seven months of 2024, the estimated aquaculture area reached 4,778 hectares, with a harvest yield of 307,336 tons. Of this, the intensive pangasius farming area covered 2,042 hectares, with a harvest of 252,670 tons.
(seafood.vasep.com.vn) According to Vietnam Customs, in the first half of August 2024, Vietnam's pangasius exports to the EU reached nearly 8 million USD, up 57% over the same period. Cumulative pangasius exports to this market as of August 15, 2024, reached 107 million USD, up 0.5% over the same period last year.
(seafood.vasep.com.vn) The Board of Directors of International Development & Investment Corporation (IDI) is confident of completing this year's profit plan in the context of gradually recovering demand for pangasius in China and Mexico.
(seafood.vasep.com.vn) Some farmers in Soc Trang province have successfully applied a balanced biological shrimp farming technique, which eliminates the use of chemicals to minimize environmental impacts. This is a model of farming that adapts to climate change.
8 finalists have been named in the best new seafood product competition to be awarded at Seafood Expo Asia, taking place 4 to 6 September at the Sands Expo and Convention Centre in Singapore.
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