In the first half of September, sales of whiteleg shrimp to
Regulation on testing the antioxidant with Maximum Residue Limit (MRL) 0.01 ppm in shrimp imported from
In Mekong Delta, 70 percent of shrimp processing factories is operating with low capacity. Many enterprises could not to continue purchasing raw shrimp farmed in industrial model from farmers. To keep export shrimp to the market, some exporter must stop selling industrial shrimp and only export shrimp products which farmed in the extensive model.
In Soc Trang province, a hub of industrial shrimp cultivation, many farmers can not breeding more shrimp because of low demand from processors and lack of capital.
Costs for shrimp production has increased by 80 – 100 percent during past five years, mainly due to impacts from high inflation, hike bank interests, other taxes and fees. A medium sized enterprise must spend VND5 – 10 billion per year on testing fees of seafood quality.
In efforts to solve the problem, Vice Minister of Agriculture and Rural Development Ministry (MARD) requested Directorate of Fisheries (D-Fish) to check the list of aquatic feed products to find out and announce products which are free from Ethoxyquin. D-Fish is responsible for guiding Departments of Agriculture and Rural Development to recommend shrimp farmers to use feed with no Ethoxyquin in its contents. D-Fish cooperates closely with related agencies in taking samples of aquatic feed kinds which are traded in the market to determine MRL of Ethoxyquin in the products.
On 24th September 2012, National Agro – Forestry - Fisheries Quality Assurance Department (NAFIQAD) sent an official document 1565/QLCL- CL1 to Japan Food Safety Agency under (Ministry of Health, Labour and Welfare) to request the Japanese authority to raise the MRL of Ethoxyquin in frozen breaded shrimp imported from
NAFIQAD requested Food Safety Agency to apply MRL of Ethoxyquin in imported crustacean products and particularly frozen breaded shrimp equally to the level of 1 ppm to imported fish.
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VASEP recommended to MARD two measures for solving Ethoxyquin problem. 1. Recommending shrimp farmers to use shrimp feed containing Ethoxyquin MRL of 0.5 ppm (500 ppb) 2. Strengthening negotiations between two governments on Ethoxyquin residue. |
(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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