Building up links in production chain
During the tough economic time, building up links among stakeholders in the industry is the best way to help fish producers in Mekong Delta avoid business losses, said Nguyen Minh Thanh, Deputy Head of Can Tho Department of Agriculture and Rural Development.
Can Tho city totaled 818 hectares for pangasius farming, in which 13 local companies owned 192 hectares, 5 cooperatives and a group of farmers with 140 hectares, 15 farming households having supply contracts with processors (35 hectares), and 182 other individual farmers (414 hectares).
“Exported pangasius products made up a major part in Vietnam’s seafood export value. A downtrend in exports affects livelihood of farmers, workers, processors and exporters in the industry,” said Vo Dong Duc, General Director of Can Tho Import-Export Joint Stock Company (Caseamex).
Many companies created their own closed production system from pond to table, but this model required a huge amount of capital to invest in fish farms, processing chain and export activities. In the tough economic context, fish companies are suffering doubled losses. Therefore, building links in the pangasius value chain, especially between farmers and processors is the good way for the pangasius industry.
Currently, Vietnam needs more appropriate regulations in order to manage pangasius production and prevent the spontaneous expansion of farms and processing factories. Therefore, it is necessary to timely issue a new decree on pangasius production and exports – a legal base for localities to develop pangasius production.
After 20 years of remarkable development, pangasius production and exports are witnessing tough difficulties. To stabilize and develop Vietnam pangasius industry, it is important to balance the supply and demand of this kind of products.
As pangasius brought back high profits to the industry, many farmers invested in pangasius farming, leading to fish oversupply and huge losses in the industry. Despite this fact, many of them are trying to keep business and wait for profits. If strict regulations are not imposed, it will be hard for authorized agencies to manage superficies for spontaneous fish farms to stabilize prices.
A timely decree on pangasius production and exports is an urgent need. With conditions for organizations and individuals involving in fish cultivation, it is a legal tool to help regulatory agencies restructure the pangasius industry.
According to Vietnam Customs, the export of value-added pangasius in the first eight months of 2024 has been evaluated as quite positive, with continuous growth in many major markets such as the United States, CPTPP, and the Netherlands...
(seafood.vasep.com.vn) The Department of Fisheries of Ca Mau province coordinated with the School of Fisheries under Can Tho University to organize training courses on high-tech shrimp farming for 120 people in processors, cooperatives and families that are raising intensive and super-intensive shrimp in the province.
(seafood.vasep.com.vn) Currently, Soc Trang province plans to expand its shrimp farming area from over 50,000 hectares to 57,000 hectares by 2025, aiming for a production of 233,800 tons and maintaining a $1 billion export value. The project will establish 45 climate-resilient shrimp farming models and ensure all farms meet aquaculture standards for traceability.
(seafood.vasep.com.vn) In July 2024, Vietnam's fish cake and surimi exports declined. The export value reached just over 24 million USD, down 3% over the same period. In the first 7 months of 2024, the cumulative export of this product group reached 152 million USD, down 13%.
(seafood.vasep.com.vn) Dong Thap is a key region for pangasius farming, boasting the largest production in the Mekong Delta. In the first seven months of 2024, the estimated aquaculture area reached 4,778 hectares, with a harvest yield of 307,336 tons. Of this, the intensive pangasius farming area covered 2,042 hectares, with a harvest of 252,670 tons.
(seafood.vasep.com.vn) According to Vietnam Customs, in the first half of August 2024, Vietnam's pangasius exports to the EU reached nearly 8 million USD, up 57% over the same period. Cumulative pangasius exports to this market as of August 15, 2024, reached 107 million USD, up 0.5% over the same period last year.
(seafood.vasep.com.vn) The Board of Directors of International Development & Investment Corporation (IDI) is confident of completing this year's profit plan in the context of gradually recovering demand for pangasius in China and Mexico.
(seafood.vasep.com.vn) Some farmers in Soc Trang province have successfully applied a balanced biological shrimp farming technique, which eliminates the use of chemicals to minimize environmental impacts. This is a model of farming that adapts to climate change.
8 finalists have been named in the best new seafood product competition to be awarded at Seafood Expo Asia, taking place 4 to 6 September at the Sands Expo and Convention Centre in Singapore.
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