The firm had previously told Undercurrent News it intended to apply for the BAP Global Aquaculture Alliance certifications by the end of 2016 -- executive director Jonathan Wilson has now confirmed this has been achieved.
"Having the hatchery, farm, processing and feed mill certified means access to new markets in North America and Europe," he said.
Meeting the firm at Vietfish 2016 in August, Wilson had indicated the firm wanted to expand sales in Europe and the US, but that BAP certification would be required.
"Now we can give customers assurance that our products enhance their brands, and can be a key link in protecting their reputation in the market," he said in November.
The certification comes in time for Godaco to plan its brand launch for "natural fillets, as well as cooked and value-added products", in 2017.
Back in August the first products were coming off the lines of Godaco's newly-opened value-added plant – tempura pangasius, for a customer in Europe.
The brand "is key for us to work with large retailers and foodservice companies, as we can demonstrate commitment to sustainability and quality throughout the value chain", said Wilson.
With its certification, Godaco is just the second four-star BAP pangasius company in Vietnam. Vinh Hoan became the first in 2015.
"We had the ambition to create a brand structure, but we knew that we needed to have something more to offer than pretty packages and nice names," Wilson said of the timing of this brand launch.
"So, we had taken the decision to develop our sustainability and quality credentials as a first start. That way, our brand promise has some real substantial promise behind it."
Of the new VAP plant in Ben Tre, Vietnam, Wilson said the plan was to start with pangasius, before moving on to breaded shrimp and Nobashi stretched shrimp too.
In August, three frying lines were installed in addition to the tempura line, able to handle part- or fully-cooked breaded items, with further space to process shrimp, salmon or Alaska pollock.
“We have the capability to produce a range of 'oven ready' and 'flash-fried', partially cooked products, for a range of foodservice and retail customers,” said Wilson.
“We have had interest in producing breaded and tempura products from North America and Japan, as well as Europe and the Middle East.”
The new plant is designed with flexibility in mind, and depending on product mix, should be able to produce 15,000-20,000 metric tons of cooked products a year.
Source: undercurrentnews
(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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