Local shrimp-breeding enterprises have mobilised investment from various sources to expand production in an aim to attract partners from shrimp supply chains from around the world.
After four decades of development, Vietnam’s shrimp breeding industry has been recognised as the third top exporter in the world market. Shrimp is one of the country’s major farm exports.
Truong Dinh Hoe, General Secretary of the Vietnam Association of Seafood Exporters and Producers (VASEP), said that Vietnam’s shrimp exports surpassed Thailand in 2013, attaining an export turnover of 3.1 billion USD, compared with Thailand’s 2.3 billion USD.
In 2017, Vietnam had shrimp export turnover of 3.8 billion USD, double Thailand’s shrimp exports of 1.9 billion USD, said Hoe.
To reach the target of shrimp export value of 10 billion USD for 2025 (as instructed by the Prime Minister), shrimp breeding firms have mobilized capital to expand areas under shrimp breeding and ensure shrimp quality and safety, allowing for traceability of produce to meet consumption demand.
Sao Ta Foods Joint Stock Company has announced that it would offer more than 8 million shares priced at 25,000 VND each. With the offer, Sao Ta is expected to attain stakes of about 200 billion VND (8.7 million USD).
A spokesman from Sao Ta Foods said that capital mobilisation is expected to help the joint-stock firm become less reliant on bank loans, while ensuring sufficient capital for the firm’s production and business activities.
He said all the sales of shares from Sao Ta Foods will be spent on purchasing materials and the expansion of shrimp breeding ponds.
By the end of the third quarter, Sao Ta’s 200 ha of shrimp breeding ponds had supplied 10 percent of shrimp used as materials for the company’s processing lines. Sao Ta had to purchase the remaining 90 percent from shrimp breeders in the market.
To reduce the volume of shrimp used for its production line purchased from the market, the company has unveiled plans to invest 100 billion VND to expand shrimp breeding ponds from the existing 200ha to 400ha in 2020 and to 800 ha in 2025, raising the ratio of the volume of shrimp supplied from the company’s breeding pond networks to 30 percent.
Similarly, the Minh Phu Seafood Corporation has sold 35.1 percent of its shares to Mitsui & Co Ltd. for 17 billion JPY (about 155 million USD), making Mitsui & Co the biggest shareholder of Minh Phu Seafood.
Le Van Quang, Chairman of the Minh Phu Seafood Corp.’s management board, said the company would further invest in production facilities in the Mekong province of Ca Mau.
Quang said the company would also apply more advanced technologies, including artificial intelligence (AI) and the internet of things (IoT), in aquaculture and seafood production and processing in the near future, aiming to cut 50 percent to 70 percent of the company’s labour force, and at the same time increase profits.
According to a spokesman for Sao Ta Foods, to reach a partnership with global shrimp supply chains, local shrimp suppliers must meet high standards.
He said that most global shrimp supply chains require not only production and manufacturing traceability but also ASC standards for aquaculture, the highest standards for aquaculture.
To attain ASC standards for aquaculture, aqua-breeding enterprises must have strong financial capacity for investment in big breeding facilities that help to reduce breeding costs, he added./.
VNA
(seafood.vasep.com.vn) With continued policy support, technological innovation and close coordination among authorities, businesses and farmers, Vietnam’s pangasius industry is expected to make a strong and sustainable breakthrough during the 2026–2030 period, reinforcing its position as the world’s leading exporter of the fish.
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(seafood.vasep.com.vn) Shrimp and pangasius continued to lead growth, helping seafood exports reach $4.67 billion in the first five months of the year; however, differentiation among product groups and increasingly stringent requirements from importing markets are posing many challenges for the industry.
(seafood.vasep.com.vn) Every day, the seafood processing industry in Ca Mau generates large quantities of shrimp heads and shells during processing operations. In the past, these by-products were largely treated as waste, increasing production costs and posing potential environmental risks. However, thanks to advanced processing technologies, materials once considered waste are now being transformed into high-value products, creating a circular economy model within the seafood industry.
(seafood.vasep.com.vn) Vietnam Clean Seafood Corporation has invested in a 280-hectare super-intensive shrimp farming zone in Tran De Commune, Can Tho City, generating export value of approximately VND 3 billion per hectare per year—around 50 times higher than traditional agricultural production.
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(seafood.vasep.com.vn) In a rapidly changing global seafood market, timely insights and reliable data are more critical than ever. The Report on Vietnam Seafood Exports in Q1/2026 provides a comprehensive overview of the latest developments in Vietnam’s seafood production, trade performance, and export trends, helping businesses navigate uncertainty and identify new growth opportunities.
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(seafood.vasep.com.vn) Vietnam’s pangasius exports have shown encouraging signs of recovery in 2026. In the first four months of the year, total export turnover reached USD 720 million, up 17% compared to the same period last year. This result reflects improving demand across many markets, as well as the efforts of Vietnamese pangasius enterprises to maintain production, secure orders, and adapt to changing market conditions.
(seafood.vasep.com.vn) In the first four months of 2026, Vietnam’s tilapia exports reached USD 49 million, up 151% compared to the same period in 2025. This impressive growth reflects positive momentum in the tilapia sector, with Brazil emerging as a key driver of growth, while frozen tilapia fillets continued to be the industry's leading export product.
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