The figure was released at a conference to launch production and business plans for the domestic shrimp industry in 2019 that was held on March 13 by MARD in the Mekong Delta province of Soc Trang, one of large shrimp producers in the country.
The directorate said the industry was expected to achieve a total shrimp output of 780,000 tonnes this year, including 300,000 tonnes of tiger shrimp and 480,000 tonnes of white-leg shrimp.
In 2019, the local shrimp industry would have many opportunities but also face great challenges in export.
The hot weather and salinity can impact farming areas, according to the directorate.
To achieve the goal, Truong Dinh Hoe, General Secretary of the Vietnam Association of Seafood Exporters and Producers (VASEP), said enterprises should focus on improving the competitiveness of Vietnam’s shrimp industry.
However, Vietnamese shrimp products still faced various kinds of barriers such as anti-dumping tax and low price of shrimp imported from India. Meanwhile, key markets have strengthened quality control and food safety, including the US, the EU and Republic of Korean markets.
Each year, Vietnam still imports 200,000-250,000 units of white-leg shrimp parents, satisfying 90 percent of the domestic demand.
Meanwhile, the price of Vietnamese shrimp is still higher than other countries because the industry has to depend on imports of food and medicine for shrimp production.
Many farms have not received investment for infrastructure and technology, especially in extensive farming areas. There are still many small-scale farms lacking capital and investment opportunities.
According to the Directorate of Fisheries, the total area of farming brackish shrimp in 2018 reached more than 736,000 hectares, 3 percent higher than the previous year, including 632,000 hectares raising tiger prawn and 104,000 hectares rearing white-leg shrimp. Provinces having increased farming areas include Bac Lieu, Kien Giang, Tra Vinh and Soc Trang.
Total output of brackish water shrimp in 2018 reached more than 762,000 tonnes, a year-on-year surge of 6.3 percent, including 298,000 tonnes of tiger prawn and 464,000 tonnes of white-leg shrimp.
However, Vietnam’s shrimp industry only achieved an export value of 3.6 billion USD last year, a year-on-year reduction of 7.8 percent.
The shrimp exports to some major markets dropped in 2018 against the previous year, including mainland China and Hong Kong (down 28 percent), the EU (down 2.8 percent), the US (down 3.3 percent), Japan (down 9.2 percent) and Taiwan (2.6 percent).
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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