The information was stated by Deputy Prime Minister Le Minh Khai at the opening of Ca Mau Shrimp Festival and the 2023 OCOP Mekong Delta forum ceremony on December 10.
Vietnam's GDP growth in 2023 is estimated at over 5%, although lower than the targeted 6.5%, it is still high compared to other countries in the region and the world. Of which, the agriculture, forestry and fishery sector increased by 3.4%, continuing to be an important pillar of the economy during difficult times.
The Deputy Prime Minister said Vietnam has become the second largest shrimp supplier in the world, exporting to about 100 countries. Ca Mau province alone has contributed 1 billion USD in shrimp exports (accounting for 28% of the country and maintaining at 1 billion USD in the last three years).
Ca Mau shrimp industry has maintained its position in the world market, exporting to more than 60 countries and territories. "In addition to super-intensive farming, the province also has sustainable farming models such as shrimp-forest, shrimp-rice that meet ecological and organic standards," the Deputy Prime Minister emphasized.
To develop effectively and add value, the agricultural sector in general and Ca Mau in particular need to focus on developing the agricultural ecosystem, including the shrimp industry ecosystem; in addition to building a green economy and circular economy in agriculture, contributing to environment protection and reducing greenhouse gas emissions.
According to Vietnam Association of Seafood Exporters and Producers (VASEP), inflation is decreasing in all major European countries, however, demand is still weak. Meanwhile, shrimp demand in Southeast Asia and the Middle East is expected to improve towards the end of the year due to Christmas and Lunar New Year holidays. An increase in prices is expected during this period as total output is seasonally low.
The organizing committee said that within the 2023 Shrimp Festival, there will be many activities that promote the achievements, potential of the shrimp industry and introduce products of Ca Mau and other Mekong Delta provinces. This event is also an opportunity for businesses to promote their brands and trade activities.
Prominent in this series of activities is the exhibition and trade space with 400 booths showcasing shrimp industry and OCOP products. In addition, there are conferences and seminars regarding the shrimp industry and shrimp farming.
(seafood.vasep.com.vn) The US remains Vietnam’s largest single market for shrimp imports, accounting for 20% of Vietnam's total shrimp exports globally. As of October 15th, 2024, Vietnamese shrimp exports to the US reached nearly 600 million dollas, marking a 10% increase compared to the same period in 2023.
(seafood.vasep.com.vn) According to Vietnam Customs, pangasius exports to Canada reached over 1 million USD in the first half of October 2024, a 33% decrease compared to the same period last year. However, by October 15, 2024, total pangasius exports to Canada had reached 32 million USD, reflecting a 10% increase compared to the same period in 2023.
(seafood.vasep.com.vn) Cà Mau is accelerating its digital transformation, developing green industries, and promoting high-tech processing of agricultural and aquatic products, with a focus on sustainable economic growth and environmental protection.
(seafood.vasep.com.vn) The Dong Thap Pangasius Festival 2024, themed 'Dong Thap Pangasius: Green Journey - Green Value', will take place on November 16-17 in Hong Ngu City.
The positive business momentum in the domestic seafood sector could last into the first half of 2025, according to experts.
(seafood.vasep.com.vn) In the first three quarters of 2024, brackish water shrimp production exceeded 1.1 million tons, with export revenue reaching $2.8 billion. The seafood industry has set a target of $4 billion for shrimp exports for the entire year.
While the price of 1 kg of shrimp hovers around 20 USD, the value of 1 kg of chitosan—extracted from shrimp—can soar to 500 USD. This highlights a significant challenge within the seafood processing industry.
(seafood.vasep.com.vn) By October, Vietnam's shrimp exports had generated nearly $3 billion, reflecting an increase of over 10% compared to the same period last year. Shrimp remains the leading commodity contributing to the export turnover of the entire seafood industry.
(seafood.vasep.com.vn) Sao Ta Foods Joint Stock Company (FIMEX VN - HoSE: FMC) concluded Q3/2024 with significant growth in revenue. Specifically, Sao Ta Food recorded revenue of VND 2,845 billion, a 58.6% increase year-on-year. The company's profit after tax reached VND 95 billion, up 6.2%.
VASEP's Seafood Export Report for the third quarter of 2024 provides a comprehensive overview of Vietnam's seafood export performance in the first nine months, with impressive results reaching $7.2 billion—an increase of 9% over the same period last year. In the third quarter alone, seafood exports grew by 15%, totaling $2.8 billion. This growth is attributed to a recovery in demand and prices in key markets such as the U.S. and China, as well as the competitive advantage of value-added products in markets like Japan and Australia.
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