The center, launched in 2010, will soon be home to offices for Thailand, Indonesia, Vietnam, Malaysia and Singapore companies, to strengthen business ties with these Southeast Asian countries.
The offices will host business events to promote the trade of seafood from Southeast Asian countries.
With the launch of the China-ASEAN FTA in January 2010, tariffs on numerous products traded between the two were eliminated.
The Zhanjiang-based center serves as a one-stop trading platform that deals in frozen shrimp materials, freshly frozen seafood and fish-related pharmaceuticals and equipment. It also provides such services as freezing facilities, import and export, international trade fairs, andcold chain logistics.
It is recognized as a food safety demonstration center by the Bureau of Import and Export Food Safety under the General Administration of Quality Supervision,Inspection and Quarantine (AQSIQ) of China.
In addition, the center has a section specially for the supply of seafood products to Hong Kong; a joint inspection center for import and export, a product testing center, third-party logistics management facilities and a number of bank branches.
The center covers an area of 33 hectares, with facilities in the first phase capable of producing 1,000 metric tons of ice and processing 100 metric tons of aquatic products daily.
One of the 50 key enterprises supported by city authorities, it receives investments from Zhanjiang Guotong, the parent company of the Shenzhen-listed shrimp giant Zhanjiang Guolian.
Zhanjiang Guolian sources shrimp material in large quantities from Indonesia, Thailand, Vietnam and Malaysia to be processed and exported to the United States.
Zhanjiang's coastal area consists of 557,000 hectares of shallow sea area, 520 types of fish, 547 types of shellfish and 28 types of shrimp with economic value. It ranks among the top cities in Guangdong in terms of seafood output, accounting for 40 percent of the shrimp output in Guangdong.
(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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