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
(vasep.com.vn) After three days at the Saigon Exhibition and Convention Center (SECC) in Ho Chi Minh City, the Vietnam International Fisheries Exhibition – VIETFISH 2026 – has successfully concluded, leaving a strong impression in terms of scale, visitor numbers, the quality of business connections, and innovative activities. With more than 14,000 m² of exhibition space, 335 companies, 568 booths, participation from representatives of 17 countries and territories, and nearly 15,000 visitors, VIETFISH 2026 has once again affirmed its role as an important meeting point for Vietnam’s and the global seafood industry.
(seafood.vasep.com.vn) Held as part of Vietfish 2026 from August 19–21 at SECC in Ho Chi Minh City, a series of five specialized seminars provided the seafood business community with updates on markets, technology, standards, human resources and cooperation opportunities. With the participation of experts, international organizations, government agencies and businesses from Vietnam and abroad, the seminars created an additional platform for professional exchange alongside the exhibition’s product showcases and business networking activities.
(seafood.vasep.com.vn) On the morning of August 19, 2026, the Vietnam International Seafood Exhibition – VIETFISH 2026 officially opened at the Saigon Exhibition and Convention Center (SECC) in Ho Chi Minh City. With 568 booths representing 335 companies, alongside the presence of senior government officials, local authorities, diplomatic missions and international partners, VIETFISH 2026 kicks off three days of business networking, technology exchange and market engagement under the overarching theme “Innovation and Sustainability.”
The Vietnam Association of Seafood Exporters and Producers (VASEP) officially announces that the Vietnam International Seafood Exhibition (Vietfish 2026) will take place from August 19–21, 2026, at the Saigon Exhibition and Convention Center (SECC), Ho Chi Minh City.
(seafood.vasep.com.vn) Vietnam’s seafood exports recorded strong growth in the first half of 2026, but the performance was increasingly uneven across products, markets and enterprises. VASEP’s newly released premium report provides the detailed data and analysis needed to understand what lies behind the headline figures and prepare for the more challenging months ahead.
(seafood.vasep.com.vn) Brazil remains one of the key markets for Vietnamese pangasius in South America. However, exports to the market showed signs of slowing in the first half of 2026, while frozen pangasius fillets continued to account for the overwhelming majority of exports.
(seafood.vasep.com.vn) Marking 27 years of supporting Vietnam’s seafood industry, the Vietnam International Seafood Exhibition (VIETFISH 2026) will officially return from August 19–21, 2026, at the Saigon Exhibition and Convention Center (SECC) in Ho Chi Minh City, on its largest scale ever. Under the core theme “Innovation – Sustainability,” the event promises to provide a comprehensive picture of the transformation of Vietnam’s seafood industry toward greater value addition and sustainable development.
(seafood.vasep.com.vn) With less than three weeks remaining, the Vietnam Fisheries International Exhibition – Vietfish 2026 will officially take place from August 19–21, 2026, at the Saigon Exhibition and Convention Center (SECC) in Ho Chi Minh City. Under the theme "Innovation – Sustainability," Vietfish 2026 will provide a comprehensive networking platform for seafood businesses, buyers, distributors, industry experts, government agencies, and domestic and international visitors.
(vasep.com.vn) As part of the Vietnam Fisheries International Exhibition – Vietfish 2026, the technical seminar “Green and Sustainable Technology Solutions for the Aquaculture and Seafood Processing Value Chain” will take place from 09:30 to 11:45 on August 20, 2026, at Convention Room B, Level 2, SECC, Ho Chi Minh City. The seminar is jointly organized by VASEP, the Department of Fisheries and Fisheries Surveillance, and the Royal Norwegian Embassy in Vietnam, focusing on technological innovation and sustainable transformation across Vietnam’s seafood value chain.
(seafood.vasep.com.vn) Market fluctuations, rising production costs, and increasingly stringent requirements from export markets are placing growing pressure on the shrimp industry. In response, Vinh Long Province is promoting high-tech shrimp farming integrated with production–consumption value chains to improve efficiency, reduce risks, and enhance the industry's value.
VASEP - HIỆP HỘI CHẾ BIẾN VÀ XUẤT KHẨU THỦY SẢN VIỆT NAM
Chịu trách nhiệm: Ông Nguyễn Hoài Nam - Phó Tổng thư ký Hiệp hội
Đơn vị vận hành trang tin điện tử: Trung tâm VASEP.PRO
Trưởng Ban Biên tập: Bà Phùng Thị Kim Thu
Giấy phép hoạt động Trang thông tin điện tử tổng hợp số 138/GP-TTĐT, ngày 01/10/2013 của Bộ Thông tin và Truyền thông
Tel: (+84 24) 3.7715055 – (ext.203); email: kimthu@vasep.com.vn
Trụ sở: Số 7 đường Nguyễn Quý Cảnh, Phường An Phú, Quận 2, Tp.Hồ Chí Minh
Tel: (+84) 28.628.10430 - Fax: (+84) 28.628.10437 - Email: vasephcm@vasep.com.vn
VPĐD: số 10, Nguyễn Công Hoan, Ngọc Khánh, Ba Đình, Hà Nội
Tel: (+84 24) 3.7715055 - Fax: (+84 24) 37715084 - Email: vasephn@vasep.com.vn