The meeting between Vietnamese Minister of Agriculture and Rural Development Nguyen Xuan Cuong and Cambodian Minister of Agriculture, Forestry and Fisheries Veng Sakhon took place within the framework of the 40th meeting of the ASEAN Ministers on Agriculture and Forestry (AMAF) and the 18th AMAF Plus Three (AMAF+3) meet-up in Hanoi.
They reviewed cooperation outcomes and expressed their wish to step up bilateral ties.
Minister Cuong said that agriculture plays an important role in holding up the economy of each country. The two agriculture industries also compliment each other well and as such, Vietnam will provide the best possible support for each side to develop.
Minister Veng Sakhon appreciated Vietnam’s technical assistance for Cambodia’s agriculture, noting that cassava prices in his country are falling sharply due to the spread of disease. Cambodia hopes that Vietnam will further assist its market to deal with diseases of the cassava plant and increase the buying prices of cassava in border areas.
Sharing Vietnam’s experience in dealing with cassava diseases, the host official said his ministry is ready to give technical support, including new cassava varieties, to Cambodia.
He said some agricultural products of Cambodia like cashew and rubber hold great development potential. He pledged to promote the Vietnam Rubber Group’s investment in processing facilities as scheduled and to purchase Cambodian rubber latex at reasonable prices.
At the meeting, the two officials also talked about cooperation to remove the European Commission’s yellow-card warning against illegal, unreported, and unregulated fishing in the two countries’ fisheries sectors.
With regard to forestry, Cuong said Vietnam pays special attention to the sustainable development of the forest-based economy. Forest coverage in Vietnam reached 41.45 percent in 2017 and the country is striving to expand its forested surface area with certificates of sustainable forest management practices to about 1 million ha by 2030.
In recent years, the two sides have exchanged information about forestry and cooperated well in forest protection and development, sustainable forest management, forest certification, forestry product management, and forestry science, he added.
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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