In early August 2012, raw pangasius price starts to increase though the government is still considering preferential interest rate loans of VND9,000 billion to help the industry. As usual in these months, fish processors intensify purchasing raw pangasius for processing to satisfy global demands in year’s end holidays. However, they are lack of capital for buying fish and for producing. Processors expect that VND9,000 billion package would be approved by the government soon.
With the credit source, they have enough money to purchase raw fish for doing contracts. Farmers also have enough money to keep fish restocking. To 20th June 2012, Mekong Delta harvested 533,352 MT of pangasius on the total area of 2,001 hectares. The average productivity reached 265.2 MT/ha. Other 4,541 hectares of fish farming is still not in harvest. In which, 1,000 hectares of are expected to be harvested in July – August, providing nearly 250,000 – 300,000 MT. In the last months of the year, 700,000 MT of fish will be harvested from 2,600 hectares. Pangasius companies are expected to get enough of raw fish for processing until the end of 2012.
To the middle of June 2012, Mekong Delta estimated to produce about 1.5 billion of fingerlings, satisfying commercial fish breeding activities in the whole region. In late 2011 and early 2012, fish farmers faced the lack of fish fingerlings and 50 – 70 percent rise in fish fingerling price.
(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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