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.
(seafood.vasep.com.vn) Vietnam’s shrimp exports reached $394 million in October 2024, up 24%. In the first ten months of this year, shrimp exports brought in $3.2 billion, up 13% compared to the same period last year. Exports to all major markets recorded double-digit growth in October.
International Development and Investment Corporation (IDI), a key member of the Sao Mai Group, has consistently ranked among the largest seafood producers and exporters in Vietnam.
(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.
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