At a working session with the provincial leaders in Hanoi on September 20, the PM urged Bac Lieu to accelerate the disbursement of capital for infrastructure, encourage startups and heed human resources development.
Bac Lieu should roll out both short- and long-term solutions to cope with climate change, he said, requesting the Ministry of Natural Resources and Environment (MoNRE) to set forth comprehensive solutions to assist the Mekong Delta region and the province in particular in the combat.
To spur economic growth and generate jobs, it is necessary to speed up land clearance for processing and industrial projects, the leader noted, asking the ministry to reduce salt output, avoiding overcapacity of the sector.
The Ministry of Transport was required to coordinate with Bac Lieu in seeking capital for local road transport. Other ministries were also asked to help the province attract major projects promoting local economy.
Bac Lieu is one of the Mekong Delta localities most affected by climate change, which has prompted the province to make aquaculture an economic spearhead over years.
The province boasts the largest aquaculture area in the region with nearly 1,280 sq.km, equivalent to nearly half of its natural land. Its seafood export is expected to hit 3.2 billion USD this year.
Of note, the locality earns about 500 million USD each year from the shrimp farming. With an annual output of some 105,000 tonnes, Ca Mau has become the second largest shrimp producer nationwide with diverse breeding models. The province’s economy grew by 5.09 percent in the first half of this year.
Source: VNA
(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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