Pangasius in the farming area Mekong Delta is identified as the main export product of Vietnam. Although always facing fierce competitive pressure in the market, pangasius products still stand firm and develop. Facing with the challenge of climate change and the consumption market affected by the prolonged Covid-19 epidemic, pangasius farming areas have sought to cope and actively regulate the production of raw fish. Enterprises still maintain the pace of production and export activities.
In the period when the world market is quiet due to transportation transactions affected by the pandemic, Vietnamese seafood enterprises have set their top goals in completing the production value chain and ensuring that food quality and safety sustainably develop to maintain the market.
In the Mekong Delta, Bien Dong Seafood is one of the two leading enterprises in farming, processing and exporting pangasius. For many years, Bien Dong Seafood has applied a closed process from seed, feed to commercial catfish ponds and processed at the factory.
The 100% Vietnamese pangasius inspection program was applied by the US in August 2017. Then, from the years 2018-2019 through the food safety inspection (FSIS-USA) at the farming ponds and pangasius processing factories in the Mekong Delta to evaluate the food hygiene and safety control system, FSIS recognized that the implementation of the food safety control system during the production, processing and export of Vietnamese pangasius completely meets US regulations.
Mr. Ngo Quang Truong, Director of Bien Dong Seafood, said: Pangasius must be at a high quality standard to be able to enter the US market. Bien Dong Seafood applies the production process, keeping the quality of exports to other countries stable thanks to the good control of banned substances, antibiotic residues in products, good quality control, and assurance of meeting the requirements of demanding markets like the US. The Vietnamese pangasius consumption markets of the US, China and the EU accounts for the largest proportion of exports. There are already signs that some export markets such as the US are recovering. The pangasius processing and export enterprises in the region said they had prepared a production plan and actively caught up with the market when the Covid-19 epidemic subsided.
(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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