Vietnam shrimp enterprises strive to "overcome the waves"

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.