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) The return of Donald Trump to the White House for a second term will bring significant impacts on Vietnam, particularly its pangasius export sector. Trump's economic policies, such as raising import tariffs, reducing corporate income taxes, and attracting foreign direct investment (FDI) back to the US, are expected to directly influence various industries in Vietnam.
(seafood.vasep.com.vn) The UAE ranked 16th among importers of Vietnamese shrimp from 2018 to 2022, accounting for approximately 0.5% of Vietnam's total shrimp export value. Annually, Vietnam exported around US$20 million worth of shrimp to this market.
(seafood.vasep.com.vn) The company also announced that its farms are well-prepared and will begin stocking in mid-November when the weather conditions are favorable.
(seafood.vasep.com.vn) To maximize natural advantages and increase the value of local aquatic products, Ca Mau province is promoting the ecological shrimp farming model under mangrove forests. This model not only brings high profits to people thanks to businesses committing to purchasing products at prices 10-20% higher than the market price but also aims for sustainable development and environmental friendliness.
(seafood.vasep.com.vn) The Comprehensive Economic Partnership Agreement (CEPA) between Vietnam and the United Arab Emirates (UAE) was signed after just over a year of negotiations. With high demand for premium seafood in the UAE, particularly for shrimp and tuna products, Vietnam’s tuna industry is expected to gain increased export opportunities and higher product value thanks to the preferential terms of the CEPA.
(seafood.vasep.com.vn) In October 2024, seafood exports from Vietnam are estimated to exceed $1 billion, marking a 28% increase compared to the same period last year. This achievement signifies the first return to the $1 billion milestone in 27 months, since June 2022, providing a significant boost for Vietnamese seafood enterprises.
(seafood.vasep.com.vn) Under the theme "Dong Thap Pangasius: Green Journey - Green Value," the Dong Thap Pangasius Festival 2024 will take place over two days, November 16th and 17th, at Vo Nguyen Giap Square in Hong Ngu City.
(seafood.vasep.com.vn) The Department of Agriculture and Rural Development of Kien Giang has announced a plan to stabilize the biosafety rice-shrimp production area at 117,340 hectares by 2030.
(seafood.vasep.com.vn) According to the Department of Fisheries in Ca Mau, the total aquatic product output in the region is estimated at 536,140 tons as of October 17, achieving 82.23% of the annual plan and marking a 1.74% increase compared to the same period last year. Within this total, shrimp production stands at 208,495 tons, reaching 82.41% of the planned target and showing a 2.23% increase year-over-year.
(seafood.vasep.com.vn) According to data from Vietnam Customs, pangasius exports to Iraq have surged significantly in the first nine months of 2024, marking the highest levels seen in three years. This upward trend has positioned Iraq as a key market for Vietnamese pangasius, even surpassing Iran, traditionally regarded as a gateway for trade between Vietnam and the Middle East.
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