Challenges for the whole industry
According to the Vietnam Association of Seafood Exporters and Producers (VASEP), Vietnam's shrimp exports reached a record number of $4.3 billion in 2022, up 11% compared to 2021. This is the highest number ever. However, entering 2023, the situation has become more difficult.
Despite the impressive result in 2022, Vietnamese shrimp enterprises face many difficulties in 2023. Those are the challenges of having to compete more strongly with Ecuador and India. Moreover, the imported price of shrimp in the world market has decreased, while the price of raw shrimp in Vietnam tends to increase, creating obstacles in mobilizing raw materials for processing and export.
Viet Uc is the first corporation that has officially closed the entire shrimp value chain
Opportunities with chain linking – Enhance brand value
To promote shrimp exports in 2023 and the coming years, there are many solutions offered. The first solution is to focus on improving quality, linkages between localities participating in the shrimp chain, ensuring the continuous operation of the shrimp production chain.
Currently, in the whole industry, Viet Uc is the first corporation that has officially closed the entire shrimp value chain, from broodstock, to shrimp seed, to commercial shrimp farming, and recently a seafood processing factory to launch final products named: Perfect shrimp.
Viet Uc is also a pioneer in the application of high technologies and towards sustainable values for the entire industry. The processing factory officially went into operation, applying many modern technologies, especially being able to automate over 70% of production processes.
Viet Uc is not only proactive for each segment in the whole chain but also sharing for shrimp farmers effective farming solutions, joining hands to help farmers overcome difficulties
Inputs to the Factory will be shrimps raised according to a clean process, without the use of antibiotics, chemicals, traceability, outstanding color and taste, ready to meet export standards from the most strict and demanding markets.
With the desire to raise the bar for Vietnamese shrimp, Viet Uc is not only proactive for each segment in the whole chain but also sharing for shrimp farmers effective farming solutions, joining hands to help farmers overcome difficulties, improve profits and especially raise the image and brand of Vietnamese shrimp internationally.
Although there is still a lot of work to be done, the solutions from “leading birds” like Viet Uc will be leveraged to create a common voice, together to create cohesion to bring the industry to sustainable development, contributing to building Vietnamese shrimp brand.
Compiled by Thuy Linh
(seafood.vasep.com.vn) On the evening of December 23, 2024, in Ho Chi Minh City, the Vietnam Association of Seafood Exporters and Producers (VASEP) held a ceremony to celebrate the seafood export milestone of 10 billion USD, with hopes for continued growth in 2025. The event was attended by Deputy Minister of Agriculture and Rural Development Phung Duc Tien, Deputy Minister of Foreign Affairs Nguyen Minh Hang, and representatives from various ministries, as well as domestic and international partners.
(seafood.vasep.com.vn) With a market share exceeding 10% in Vietnam's aquafeed sector, Sao Mai Super Feed has affirmed its position as one of the leading brands, making a significant contribution to the development of the pangasius industry and elevating Vietnamese pangasius products on the international stage.
Secretary General of the Vietnam Association of Seafood Exporters and Producers (VASEP) Nguyen Hoai Nam said that in the past 5-6 years, Vietnam's seafood export value has only hovered around 8-10 billion USD/year. To reach the value of 16 billion USD by 2030, Mr. Nam proposed establishing corporations/enterprises to exploit the sea.
(seafood.vasep.com.vn) Vinh Hoan Seafood (stock code VHC) announced that its export turnover to three key markets— the U.S., EU, and China—grew between 32% and 40% in November 2024 compared to the same period in 2023.
(seafood.vasep.com.vn) Shrimp exports for the first 11 months of 2024 brought in nearly 3.6 billion USD, up 22% compared to the same period last year. Exports to major consumption markets all recorded double-digit growth.
(seafood.vasep.com.vn) In 2023, total pangasius imports into the European Union saw a significant decline compared to the previous year. Approximately 70,000 tons were imported, 3,000 tons less than in 2022, according to a report from FAO-Globefish.
(seafood.vasep.com.vn) On December 11, Vinh Hoan Joint Stock Company (Vinh Hoan Corp) was once again honored in the "Top 50 Most Effective Businesses in Vietnam" ranking, compiled annually by the Investment Bridge Magazine. This marks the 11th consecutive year Vinh Hoan has been recognized in this prestigious list.
(seafood.vasep.com.vn) The purchase price of raw pangasius in the first 11 months of 2024 remained at 26,000-27,000 VND/kg. However, farmers faced challenges in earning profits due to rising costs of fish feed, fuel, and labor during the year.
(seafood.vasep.com.vn) Sao Ta Foods Joint Stock Company (FIMEX) recently announced its production and business results for November 2024, showing a 5% year-over-year increase in revenue but a 21% decline compared to the previous month.
(seafood.vasep.com.vn) Soc Trang province underscores the critical role of the fisheries sector in driving its socio-economic development. Located along Vietnam's coastline, the province features 72 km of shoreline, three major estuaries—Dinh An, Tran De, and My Thanh—and a dense river network encompassing diverse ecosystems, including saltwater, brackish, and freshwater. These natural resources provide ideal conditions for the growth of aquaculture, making the fisheries sector a cornerstone of Soc Trang’s economic strategy.
VASEP - HIỆP HỘI CHẾ BIẾN VÀ XUẤT KHẨU THỦY SẢN VIỆT NAM
Chịu trách nhiệm: Ông Nguyễn Hoài Nam - Phó Tổng thư ký Hiệp hội
Đơn vị vận hành trang tin điện tử: Trung tâm VASEP.PRO
Trưởng Ban Biên tập: Bà Phùng Thị Kim Thu
Giấy phép hoạt động Trang thông tin điện tử tổng hợp số 138/GP-TTĐT, ngày 01/10/2013 của Bộ Thông tin và Truyền thông
Tel: (+84 24) 3.7715055 – (ext.203); email: kimthu@vasep.com.vn
Trụ sở: Số 7 đường Nguyễn Quý Cảnh, Phường An Phú, Quận 2, Tp.Hồ Chí Minh
Tel: (+84) 28.628.10430 - Fax: (+84) 28.628.10437 - Email: vasephcm@vasep.com.vn
VPĐD: số 10, Nguyễn Công Hoan, Ngọc Khánh, Ba Đình, Hà Nội
Tel: (+84 24) 3.7715055 - Fax: (+84 24) 37715084 - Email: vasephn@vasep.com.vn
