Farmers can achieve insurance when they face risks of natural disasters (storms, flood, drought..) and plague.
In Tran De district, there are 130 farmers purchasing insurance for the total of shrimp farming area of 210 hectares.
The area of shrimp farming in the district totaled 2,824 hectares, in which, intensive black tiger farming area reached 835 hectares, 1,215 hectares of extensive black tiger shrimp and 774 hectares for whiteleg shrimp farming. Due to unfavorable weather conditions, over 1,500 hectares of shrimp farming area in the province were lost by disease. Bao Viet Insurance company compensated VND5 billion for 16 farmers who own 64 hectares of dead shrimp.
The farmer Lam Chi Lai stocked shrimp in a 0.7 hectare farm with density of 25 pieces per square meter. He spent VND 5.8 million to buy insurance and now his family received VND 22 million for damages caused by dead shrimp from the insurance company.
Shrimp farming insurance helps farmers to save capital to maintain cultivation however, the insurance is still not welcomed by farmers because they have to follow strict conditions in farming and complicated procedures to receive compensation by insurance companies.
Tran De - a coastal district – has many advantages in developing aquaculture and fishing. Insurance policy by the state will help farmers to expand shrimp farming activities. However, the number of shrimp farmers taking part in buying insurance is limited. People’s Committee is encouraging farmers to take part in the insurance program through guidance and communication.
According to Vietnam Customs, the export of value-added pangasius in the first eight months of 2024 has been evaluated as quite positive, with continuous growth in many major markets such as the United States, CPTPP, and the Netherlands...
(seafood.vasep.com.vn) The Department of Fisheries of Ca Mau province coordinated with the School of Fisheries under Can Tho University to organize training courses on high-tech shrimp farming for 120 people in processors, cooperatives and families that are raising intensive and super-intensive shrimp in the province.
(seafood.vasep.com.vn) Currently, Soc Trang province plans to expand its shrimp farming area from over 50,000 hectares to 57,000 hectares by 2025, aiming for a production of 233,800 tons and maintaining a $1 billion export value. The project will establish 45 climate-resilient shrimp farming models and ensure all farms meet aquaculture standards for traceability.
(seafood.vasep.com.vn) In July 2024, Vietnam's fish cake and surimi exports declined. The export value reached just over 24 million USD, down 3% over the same period. In the first 7 months of 2024, the cumulative export of this product group reached 152 million USD, down 13%.
(seafood.vasep.com.vn) Dong Thap is a key region for pangasius farming, boasting the largest production in the Mekong Delta. In the first seven months of 2024, the estimated aquaculture area reached 4,778 hectares, with a harvest yield of 307,336 tons. Of this, the intensive pangasius farming area covered 2,042 hectares, with a harvest of 252,670 tons.
(seafood.vasep.com.vn) According to Vietnam Customs, in the first half of August 2024, Vietnam's pangasius exports to the EU reached nearly 8 million USD, up 57% over the same period. Cumulative pangasius exports to this market as of August 15, 2024, reached 107 million USD, up 0.5% over the same period last year.
(seafood.vasep.com.vn) The Board of Directors of International Development & Investment Corporation (IDI) is confident of completing this year's profit plan in the context of gradually recovering demand for pangasius in China and Mexico.
(seafood.vasep.com.vn) Some farmers in Soc Trang province have successfully applied a balanced biological shrimp farming technique, which eliminates the use of chemicals to minimize environmental impacts. This is a model of farming that adapts to climate change.
8 finalists have been named in the best new seafood product competition to be awarded at Seafood Expo Asia, taking place 4 to 6 September at the Sands Expo and Convention Centre in Singapore.
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