The fish feed industry, major retailers, farmers and leading international organisations met at the 4th Asian Fish Feed Roundtable in Bangkok, hosted by The Sustainable Fisheries Partnership (SFP), on 18 July.
The South East Asian fish feed industry is a large producer of feed for farmed fish globally. Feed is an integral component in aquaculture, but the production and use of feed also represent a major part of the environmental impact of fish farming.
Standards to recognise responsible feed production
ASC Standards Coordinator Michiel Fransen presented the recently launched Responsible Feed project to the group. Michiel explained how the project will develop the new globally applicable ASC Feed Standard and how this standard is pivotal to the industry moving towards sustainability.
“The ASC Feed Standard will set out requirements for the aquaculture feed industry to operate on a more environmentally sound and socially responsible basis. For example, by tracing key ingredients used in fish feed and placing demands on raw material manufacturers to demonstrate that their products are produced responsibly,” says Michiel Fransen.
“The standard will help move the feed industry towards more sustainable production practices. It will allow producers who can demonstrate their environmentally responsible production methods to gain recognition for their efforts.”
The ASC Feed Standard should be ready towards the end of 2015, after which it will be available to anyone who want to use it.
Fishery improvement project to support responsible fish feed
The UN Food and Agriculture Organization (FAO) and SFP launched the Southeast Asia Fisheries Improvement Project (FIP) at the meeting. The programme focuses on improving fisheries that produce fishmeal for the Asian fish feed industry.
Major supply chain businesses are actively supporting the project including Aldi, Asda Walmart, Coop, Lyons, Marks & Spencers, Morrisons, Sainsbury, Seachill Icelandic and Thai Union. They have committed to promoting more responsible practices for fishmeal used in aquaculture feed production.
SSI forecasts a 28% year-on-year increase in after-tax profit attributable to the parent company of Vinh Hoan Corporation (VHC), driven by a gradual improvement in average selling prices from USD 3.15/kg in 2024 to USD 3.30/kg (+5%) in 2025. An Giang Fisheries Import-Export Joint Stock Company (ANV)'s after-tax profit attributable to the parent company is projected to rebound by 104%.
In 2025, the Mekong Delta province of Bac Lieu aims to earn 1.2 billion USD from exporting shrimp, one of the key export products that accounts for over 95% of its total export value.
(seafood.vasep.com.vn) The Report on Vietnam Pangasius Sector 2015–2024, produced and released by the Vietnam Association of Seafood Exporters and Producers (VASEP) in January 2025, is expected to provide enterprises, importers, and government agencies with a comprehensive overview of key developments in Vietnam's pangasius production and export over the past decade. In addition to highlighting achievements, the report identifies existing challenges and analyzes future opportunities and threats for the pangasius industry.
(vasep.com.vn) Overcoming two years of fluctuation in both export markets and domestic production, Vietnam's pangasius industry has demonstrated resilience, adaptability, and a strong determination to seize opportunities and boost exports to various markets. As a result, in 2024, pangasius exports reached USD 2 billion, a 9% increase compared to 2023. This achievement is a source of pride for Vietnam's aquaculture and agriculture sectors.
(seafood.vasep.com) Speaking at a conference to implement the 2025 plan of the Ministry of Agriculture and Rural Development, Prime Minister Pham Minh Chinh urged the agricultural sector to strive for a total export turnover of agricultural, forestry, and fishery products reaching $70 billion by 2025.
With robust production and processing infrastructure, combined with continuous market development efforts, Vietnam’s seafood exports are poised for 10–15% growth in 2025.
In 2025, seafood exports are expected to continue to grow better and could reach 11 billion USD as in 2022. However, this is also the year the seafood industry will face challenges, including increased competition from other countries, trade wars and market barriers...
(seafood.vasep.com.vn) On the afternoon of December 25, at Toan Thinh Conference Center (Soc Trang City), the Soc Trang Fisheries Sub-department, under the Department of Agriculture and Rural Development of Soc Trang, held a conference to review the 2024 aquaculture activities and outline the brackish water shrimp farming plan for 2025. The event was attended by Ms. Quach Thi Thanh Binh, Deputy Director of the Department of Agriculture and Rural Development of Soc Trang.
The Mekong Delta province of Soc Trang aims to achieve export value of over 1.9 billion USD in 2025 by boosting production and processing of key products such as seafood, high-quality rice, fruits, and garments.
The UK-Vietnam Free Trade Agreement has significantly boosted Vietnamese seafood exports, with shrimp and pangasius leading the charge in the UK market.
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