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 purchase price of raw pangasius in the first 11 months of 2024 remained at 26,000-27,000 VND/kg. However, farmers faced challenges in earning profits due to rising costs of fish feed, fuel, and labor during the year.
(seafood.vasep.com.vn) Sao Ta Foods Joint Stock Company (FIMEX) recently announced its production and business results for November 2024, showing a 5% year-over-year increase in revenue but a 21% decline compared to the previous month.
(seafood.vasep.com.vn) Soc Trang province underscores the critical role of the fisheries sector in driving its socio-economic development. Located along Vietnam's coastline, the province features 72 km of shoreline, three major estuaries—Dinh An, Tran De, and My Thanh—and a dense river network encompassing diverse ecosystems, including saltwater, brackish, and freshwater. These natural resources provide ideal conditions for the growth of aquaculture, making the fisheries sector a cornerstone of Soc Trang’s economic strategy.
(seafood.vasep.com.vn) In 2024, the pangasius industry in Dong Thap is projected to achieve a production value of VND 8.802 billion, marking a 2.86% increase compared to 2023 and accounting for over 17% of the province's total agricultural, forestry, and fishery production value.
(seafood.vasep.com.vn) Vietnam's tuna exports to Japan have seen robust growth over the past two months. Data from Vietnam Customs shows that in October 2024 alone, tuna exports to Japan surged by 31% year-on-year, reaching nearly USD 3.5 million. This growth has offset the decline experienced in the first half of the year, raising the total export value for the first ten months of 2024 to nearly USD 28 million, a 5% increase compared to the same period last year.
A business forum was held by the Dutch Embassy in Vietnam in collaboration with the Ministry of Agriculture and Rural Development (MARD) in the Mekong Delta city of Can Tho on November 27, seeking ways for sustainable aquaculture in the region.
(seafood.vasep.com.vn) On November 18, Ms. Truong Ha Phuong Anh, Director of the Center for Investment Promotion and Business Support (iPEC), stated that during the Ca Mau Province Agricultural and Aquatic Products Trade Promotion Conference 2024, held on November 15, there were 209 direct trade interactions between 42 seafood processing and exporting enterprises, OCOP producers in the province, and five leading domestic retail companies: Central Retail, Saigon Co.op, Kingfood Mart, Bach Hoa Xanh, and Satra Supermarket.
In 2024, the Binh Dinh Agricultural Extension Center successfully implemented a semi-intensive and intensive two-stage whiteleg shrimp farming model using Semi-Biofloc technology.
(seafood.vasep.com.vn) Recently, the area dedicated to super-intensive, high-density whiteleg shrimp farming in Trà Vinh Province has been rapidly expanding due to its high productivity and economic efficiency.
(seafood.vasep.com.vn) In collaboration with provincial authorities, specialized agencies, and local coastal governments, seafood processing and export enterprises in Binh Dinh Province are actively working to address issues related to illegal, unreported, and unregulated (IUU) fishing. The shared goal is to have the European Union's "yellow card" removed this year.
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