Mr. Le Van Quang, Chairman of the Board of Directors of Minh Phu Seafood Group, said that to increase orders, the business has actively participated in fairs and exhibitions around the world in recent times. Most recently, there was the Global Seafood Exhibition in Boston, US, to introduce the company's products to world importers. Vietnamese shrimp products are highly appreciated by importers.
In the upcoming plan, Minh Phu will continue to participate in exhibition programs to introduce products, expected in Japan and Korea, to reach consumers in these two countries.
In addition, the company also continuously improves shrimp quality through biological farming technology, helping to reduce costs and increase competitiveness for Vietnamese shrimp.
According to Mr. Ho Quoc Luc, Chairman of the Board of Directors of FIMEX VN, the difficulties of the Vietnamese shrimp industry have not yet been overcome. Since July 2023, FIMEX VN put into operation the Vinfarm farm in Vinh Thuan, helping to expand the farming area by 203 hectares, bringing the total farming area to 525 hectares with the ability to supply 16,000 tons of raw shrimp per year. When this farming area is fully operational, it will significantly improve the enterprise's ability to be self-sufficient in raw shrimp. Regarding market difficulties, businesses will maintain existing solutions and be maximally flexible to take advantage of all opportunities, including paying attention to understanding opportunities in the Chinese market.
Mr. Tran Be Sau, CEO of VIET UC SEAFOOD PROCESSING COMPANY LIMITED (located in Bac Lieu province), shared: "Although the export market is facing many difficulties, with experience and flexibility in exporting, we will continue to look for potential partners and expand markets to increase export turnover.
In parallel, there is investment in innovating technology and equipment and expanding production scale to improve quality, increase value, and increase competitiveness for the province's exports to meet market demand and surpass trade barriers between importing countries.”
The leader of Vina Cleanfood informed that the company has a high-tech shrimp farming area of up to hundreds of hectares, thanks to a closed farming process with modern equipment and systems. Good farming techniques result in high post-harvest shrimp output; on average, a farming pond has an area of 1,200 m2, harvesting 10 tons of shrimp/pond/stocking period, with some ponds stocking density up to 20–30 tons/pond/batch (1 pond can be stocked many times a year). Currently, the company is continuing to seed the brackish water shrimp crop to ensure raw material sources for the processing plant to serve the export market.
In the first quarter of this year, shrimp export turnover accounted for 35% of Vietnam's total seafood export turnover. Vietnamese shrimp is exported to nearly 90 markets. It is expected that the growth momentum in the first quarter of the year still maintained in the next quarter when inventories in markets decrease and market signals are somewhat brighter.
(seafood.vasep.com.vn) Vinh Hoan Corporation (HOSE: VHC) continues to solidify its position as the leader in Vietnam's pangasius export industry with impressive business results in 2024 and positive prospects for 2025. Factors supporting growth, such as recovering demand, improved selling prices, and favorable international trade policies, make Vinh Hoan one of the top stocks to watch in investment portfolios for 2025.
Amid global trade uncertainties, Việt Nam is prioritising compliance with international market requirements to maintain and expand its agricultural exports.
On February 26, 2025, VinFast and the Vietnam Association of Seafood Exporters and Producers (VASEP) signed a comprehensive cooperation agreement to strongly promote green transformation goals. The collaboration between the two parties will contribute to the realization of the country’s sustainable development goals and help elevate the Vietnamese brand on the international market.
(seafood.vasep.com.vn) In 2024, the total brackish water shrimp farming area in Ca Mau reached 278,600 hectares, with a shrimp output of 242,000 tons. This output achieved 99.59% of the set target and marked a 4.57% increase compared to the same period last year. The average shrimp yield attained 869 kilograms per hectare per year, representing a 38 kilograms per hectare per year increase compared to 2023. Shrimp export turnover reached USD 1.12 billion, positioning Ca Mau amongst the nation's leading localities in this sector.
(seafood.vasep.com.vn) In 2024, Ben Tre province expanded its high-technology application in aquaculture by an additional 523 hectares, surpassing the planned target of 500 hectares and achieving a fulfillment rate of 104.6%. To date, the province has converted 3,633 hectares to high-tech aquaculture out of the 4,000-hectare goal, representing 90.82% progress towards the 2021-2025 phase plan. This sector yields an average productivity of 60-70 tons per hectare, with a total output reaching 221,282 tons. The average profit margin ranges from VND 700 to 800 million per farming season, delivering substantial economic benefits to the local populace.
(seafood.vasep.com.vn) In 2025 In 2025, Vietnam's brackish water shrimp industry will continue to grow sustainably, enhancing value-added products with strong contributions from local authorities and the business community.
(seafood.vasep.com.vn) In January 2025, the country's total seafood output was estimated at 594,100 tons, a 0.7% increase compared to the same period last year. Specifically, fish production reached 443,400 tons, up 0.7%; shrimp output was 56,300 tons, up 3.1%; and other seafood products totaled 94,400 tons, down 0.9%.
(seafood.vasep.com.vn) The industrial pangasius production in Vinh Long province in 2024 reached 95,100 tons, a 4% decrease compared to 2023. Despite the decline in production, positive trends in the final months of the year offer hope for improving economic efficiency in the near future. Additionally, the increase in the area for industrial pangasius farming and the maintenance of overall aquaculture area demonstrate the province’s efforts to sustain its production activities.
(seafood.vasep.com.vn) In January 2025, Vietnam's total seafood export value reached 774.3 million USD, a 3.3% increase compared to the same period in 2024. This is a positive result compared to January 2023, when the Lunar New Year fell at the end of the month, significantly impacting export outcomes.
(seafood.com.vn) In 2024, Vietnam exported shrimp to 107 markets, up from 102 in 2023. The top 5 major markets for Vietnam’s shrimp exports were China & Hong Kong, the U.S., Japan, the EU, and South Korea, accounting for 76% of the total shrimp export value.
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