The country’s shrimp sector has so far heavily depended on foreign markets, importing most of parent shrimp from the US, Singapore and Thailand. It has stayed passive in preventing diseases for parent shrimp.
Therefore, the successful production of parent shrimp by the Vietnam-Australia Group is expected to open up opportunities for the sector to become self-sufficient in the work.
At a launching ceremony of the group’s parent shrimp programme in Ho Chi Minh City on November 11, a representative said the outcome was attributed to the application of technology and careful selection for many years to create disease-free and high-quality parent shrimp.
The group is now able to produce 50 billion breeding shrimp per year, accounting for 25 percent of the total breeding shrimp in the country.
Deputy Minister of Agriculture and Rural Development Vu Van Tam said the shrimp industry aims to gross 10 billion USD in exports by 2025 and produce 1.1 million tonnes of shrimp on 750,000 hectares. To realise this goal, Vietnam needs about 500,000-600,000 parent shrimp.
Particularly, Vietnam has big demand for rapid-growth and disease-resistant black tiger and white-leg shrimp for extensive farming to create a huge amount of products which are able to meet strict requirements on food safety and quarantine from markets.
The ministry is implementing a national action plan to develop Vietnam’s shrimp industry through 2025 and a project to develop national brackish shrimp products, he noted
Source: VNA
(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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