Area and production
Bac Lieu province boasts the largest aquaculture area in the Me Kong River Delta region of nearly 128,610 ha, bringing aquaculture production of 178,000 tons, including about 20,000 ha of intensive and semi – intenstive shrimp farming.
With an annual output of some 105,000 tonnes, Bac Lieu has become the second largest shrimp producer nationwide with diverse breeding models.
Besides, the province is also one of the largest shrimp fry production centres with an output of 25 billion fries per year, accounting for 50% of the Mekong Delta’s figure and 19.23% of the country’s total figure.
Opportunities
In addition to being stowed with favourable condition for aquaculture development, especially shrimp farming, Bac Lieu province has created a source of shrimp seeds serving for processing and exporting. Shrimp seeds production has been invested and developed for years. As a result, Bac Lieu has changed from a province which has to import mostly shrimp seeds from the Central provinces to become a shrimp seed production hub serving for all MeKong River Delta region with 200 shrimp seed production establishments, providing the markets with 25 billion post larvae annually.
Also, taking fully advantages of natural conditions, Bac Lieu has been developing both intenstive and semi – intensive shrimp farming area in the Northern region of 1A Highway, ecological shrimp farming, shrimp – rice rotate farming, shrimp – crab farming, shrimp farming combined with other fish farming with total area of over 41,250 ha. This unique and diversity of shrimp farming models has created a source of shrimp seeds supplying for processing and exporting
Along with aquaculture, Bac Lieu province is one of provinces having highest number of seafood enterprises, making great contribution to the province’s economic development. Currently, the province has 21 shrimp processing enterprises, many of which are eligible for exporting to strict export markets such as EU, US, Japan, etc with export value reaching US$ 450 million, contributing to creating jobs for the locals.
Challenges
In addition to advantages, shrimp industry in Bac Lieu has been facing challenges such as lacking of planning, the impact of climate change, diseases and the limited quality of seed.
Towards the largest shrimp production “hub”
With the goal of becoming the largest shrimp production “hub” in the country and towards sustainable development, Bac Lieu province has come up with some sollutions.
According to scheme on restructuring Bac Lieu province’s fisheries sector by 2020, orientation 2030 towards improvement of value added and sustainability, Bac Lieu would build a comprehensive infrastructure including electricity, transportation and irrigation for 12,000 ha of intensive and semi – intensive shrimp farming; infrastructure for concentrated shrimp seed production areas to draw the enterprises’ investment.
In addition, Bac Lieu would boost the application of international standards such as VietGAP, GlobalGAP, ASC hoặc Organic in shrimp farming in order to provide processing and exporting enterprises with clean and high quality raw materials. Besides, the province will continue building concentrated farming areas and a number of high-tech shrimp farming models, such as the model of super-intensive shrimp production in greenhouses of the Viet Nam-Australia Group and the model of applying the Biofloc technology to super-intensive shrimp production at the Truc Anh Production and Trading Limited Company. This would contribute to increasing farmers’ income, improving livelihoods of the coastal fishermen communities.
Recently, the Prime Minister has approved a project on opening a high-tech agricultural park for shrimp farming in the Mekong Delta province of Bac Lieu. The park is planned to cover 200 hectares in phase one and become the first of its kind in Vietnam. This is a chance for Bac Lieu province’s shrimp to improve production, quality and expand export markets.
Source: D-Fish
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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