According to Mr. Nguyen Hoang Nha, Deputy General Director of UT XI Aquatic Products Processing Corporation, in order to meet the demand of ASC certified shrimp in the market, the agency and Toan Thang cooperative have cooperated to set up the sustainable shrimp farming, processing and exporting chain. As consumers not only require high quality products, packaging and eye-catching designs but also products with clear traceability, clean products and having environmental and social impacts.
In fact, BAP certification (in the U.S) and ASC (in the European market) are the two certificates that consumers worldwide recognized; especially ASC certification. Therefore, if linking the ASC shrimp production chain signed between the agency and the cooperative is successful, it will helps farmers to consume more shrimp after harvesting.
In addition to signing the contract, the agency is committed to supporting the full cost of certification under the ASC standard for all cooperative members and purchasing shrimp at higher prices of VND2,500 per kg as well as cash assistance for the cooperative with VND 100 million per year to maintain the certification.
"The signing between UT XI Aquatic Products Processing Corporation and Toan Thang Cooperative is a big turning point in the chain of producing quality shrimp for exports to challenging markets, and it will help shrimp farmers increase profits on the same farming area. In this way, we suggest that members of the two parties sign the contract to fulfill the contractual commitments so that the cooperation can be sustainable", said Deputy Director of the Fisheries Sub-Department, Ms. Quach Thi Thanh Binh.
(seafood.vasep.com.vn) To maximize natural advantages and increase the value of local aquatic products, Ca Mau province is promoting the ecological shrimp farming model under mangrove forests. This model not only brings high profits to people thanks to businesses committing to purchasing products at prices 10-20% higher than the market price but also aims for sustainable development and environmental friendliness.
(seafood.vasep.com.vn) The Comprehensive Economic Partnership Agreement (CEPA) between Vietnam and the United Arab Emirates (UAE) was signed after just over a year of negotiations. With high demand for premium seafood in the UAE, particularly for shrimp and tuna products, Vietnam’s tuna industry is expected to gain increased export opportunities and higher product value thanks to the preferential terms of the CEPA.
(seafood.vasep.com.vn) In October 2024, seafood exports from Vietnam are estimated to exceed $1 billion, marking a 28% increase compared to the same period last year. This achievement signifies the first return to the $1 billion milestone in 27 months, since June 2022, providing a significant boost for Vietnamese seafood enterprises.
(seafood.vasep.com.vn) Under the theme "Dong Thap Pangasius: Green Journey - Green Value," the Dong Thap Pangasius Festival 2024 will take place over two days, November 16th and 17th, at Vo Nguyen Giap Square in Hong Ngu City.
(seafood.vasep.com.vn) The Department of Agriculture and Rural Development of Kien Giang has announced a plan to stabilize the biosafety rice-shrimp production area at 117,340 hectares by 2030.
(seafood.vasep.com.vn) According to the Department of Fisheries in Ca Mau, the total aquatic product output in the region is estimated at 536,140 tons as of October 17, achieving 82.23% of the annual plan and marking a 1.74% increase compared to the same period last year. Within this total, shrimp production stands at 208,495 tons, reaching 82.41% of the planned target and showing a 2.23% increase year-over-year.
(seafood.vasep.com.vn) According to data from Vietnam Customs, pangasius exports to Iraq have surged significantly in the first nine months of 2024, marking the highest levels seen in three years. This upward trend has positioned Iraq as a key market for Vietnamese pangasius, even surpassing Iran, traditionally regarded as a gateway for trade between Vietnam and the Middle East.
(seafood.vasep.com.vn) Bình Thuận's seafood production has maintained stability year-to-date, with favorable fishing grounds. However, the growth rate slowed slightly in the third quarter due to the impact of storms and tropical depressions in the East Sea.
(seafood.vasep.com.vn) Pangasius, a popular whitefish species favored in many global markets and a signature fish of Vietnam, faces stiff competition from other whitefish varieties such as cod, hake, and tilapia. However, Vietnamese pangasius has emerged as the top choice among whitefish imported by Brazil.
(seafood.vasep.com.vn) According to market trends, starting in Q3, importers typically ramp up purchases to prepare for the holiday season and year-end festivities. U.S. consumer spending is expected to recover in the second half of 2024 compared to the same period last year, which could positively impact the value of Vietnam's seafood exports to this market.
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