The Secretary of State’s annual ACE recognizes and honors U.S. companies that uphold high standards as responsible members of their communities.
Established in 1999, the award seeks to highlight ways in which U.S. companies represent American values in the way they do business, in line with international best practices.
This year, Secretary of State Antony J. Blinken presented six American companies with the 2021 ACE in three categories that reflect policy priorities and key global challenges, namely climate innovation, health security, and economic inclusion, according to the website of the department.
In the climate innovation category, Australis Aquaculture has been honored for “pioneering climate-smart ocean farming in Vietnam’s marine tropics and developing technology to cultivate a seaweed species with the potential to eliminate methane emissions from cattle when part of their diet.”
The U.S. company started aquaculture in Van Phong Bay in the south-central Vietnamese province of Khanh Hoa in 2010, focusing on investment, technical research, manpower recruitment and training, and developing international markets for barramundi, or Asian sea bass, according to Tran Cong Khoi, deputy director of the Department of Aquaculture at Vietnam’s Directorate of Fisheries.
Australis has made its name as one of the most modern marine fish farming companies in Vietnam, Khoi assessed.
The firm currently exports about 10,000 metric tons of fish a year, with four processing factories in Khanh Hoa employing about 1,000 workers, according to CEO and co-founder Josh Goldman.
The company is on track to increase its fish production by about 35 percent per year, the CEO said.
This month, Australis is expected to complete the development of its largest automated feed barge and a new large automated harvester that can harvest 200 metric of fish per day.
In addition, it is also planning to build a modern seafood processing factory in Ninh Thuy Industrial Park in Khanh Hoa’s Ninh Hoa Town in 2022.
(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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