In the first 9 months this year, the area for pangasius farming in Mekong Delta estimated at 5,146 hectares, down 2.3% over the same period last year. Pangasius production reached 860,911 MT, up 2.5% year on year thanks to higher output in some localities such as Dong Thap province with 285,554 MT (up 6.8%), and Can Tho province with 118,035 MT (up 27.2 %).
In Sep 2016, the area for shrimp farming and the production reached positive results thanks to favourable weather condition, stable price of raw shrimp.
According to local reports, as of 20th Sep 2016, the area for black tiger shrimp farming in the country estimated at 582.7 thousand hectares, an increase of 0.6%, with the production of 174.4 thousand MT, down 2.5% year on year. In particular, the area for black tiger shrimp farming in the Mekong Delta provinces estimated at 562,501 hectares (up 1.3%), with the output of 169,012 MT (down 4.7%).
Total area for whiteleg shrimp farming in the country hit 80 thousand hectares, up 6.3%, with the volume of at 200 thousand MT, up 4.2% year on year. Of that, the area in the Mekong Delta reached 62.3 thousand hectares (up 18.3%), with the output of 151.7 thousand MT, up 11.1%. Thanks to the short farming period, higher yield and stable prices, many households turn to whiteleg shrimp farming. Therefore, the area for white shrimp farming increased sharply from early this year.
Compiled by Dieu Thuy
(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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