However, recently people found mountainous regions in the North and the highland provinces as suitable for breeding Russian sturgeon, a fish variety of high economic value in the world.
In 2008, Russian sturgeon was bred in the Da Mi hydropower reservoir in the central
The breeding of this fish was a real breakthrough as the fish grows quickly. It takes 8 to 10 years for the fish to weigh 15 kilograms in
Le Anh Duc, Chairman of Vietnam Sturgeon Group, said sturgeons grow faster in
Breeding in highly controlled environment in fresh water means that farmed caviar can be of as good quality as that in the wild in the Caspian or Lagoda Lake in Russia.
Currently, Tam Long Da Mi Company, under the Vietnam Sturgeon Group, raised over 200 tons of sturgeon in 200 facilities. With its success in breeding, propagating sturgeon and harvesting caviar, the Vietnam Sturgeon Group decided to invest VND300 billion ($14 million) building labs, freezers and processing factories.
Moreover, the Group expanded breeding facilities to the central
At present, sturgeon flesh consumed is 1,000 tons a year in big cities such as
On the other hand, breeders understand that selling of sturgeon flesh is not the aim. The price of white caviar is US$1,700 per kilogram, Siberi caviar $2,800 a kilogram,
Le Anh Duc said Russian holidaymakers are very fond of having the fish when in
In addition, due to rampant overfishing in the
The group has signed a Memorandum of Understanding with
Russian sturgeon experts said that
(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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