According to the Department of Fisheries, Ministry of Agriculture and Rural Development (MARD), at the Workshop on "Effective Shrimp Farming Solutions" held on October 31, domestic shrimp production faced several challenges this year. The Central region experienced heatwaves, the Central Highlands dealt with drought, the South suffered from saline intrusion, and storms and floods in the Northern provinces caused significant damage to aquaculture. Shrimp exports are also hampered by the global economic crisis, high inflation in major import markets, complicated shrimp diseases, and rising production costs. Furthermore, there is increasing competition from countries like Ecuador and India.
Mr. Chau Cong Bang, Deputy Director of the Department of Agriculture and Rural Development of Ca Mau province, reported that in the first ten months of this year, farmed shrimp production in the province reached 200,000 tons, or 82.3% of the target, reflecting a 2% increase compared to the same period last year. The export turnover of aquatic products reached $968 million, equating to 87% of the plan and marking a 12% rise year-on-year. While these results are relatively positive, the low shrimp prices have significantly reduced profits for businesses and farmers, presenting a major challenge for the industry. This situation necessitates efforts to reduce production costs to enhance competitiveness in the global market.
In Bac Lieu province, the rapid development of super-intensive shrimp farming has occurred alongside limited implementation of wastewater and waste treatment solutions. Current wastewater treatment processes and technologies are insufficiently developed to ensure environmental protection and sustainable shrimp farming. Additionally, a lack of capital hampers investment in modern treatment technologies.
Anticipated Breakthrough in Final Months
Forecasts indicate that global shrimp production will rise again by the end of 2024 and remain stable in 2025. Vietnamese shrimp may benefit if the U.S. imposes higher anti-dumping and subsidy tariffs on Ecuador, India, and Indonesia by the end of December 2024. This scenario presents a significant opportunity for the shrimp industry to achieve its $4 billion export target in the last months of the year.
To meet these goals, the Department of Agriculture and Rural Development of Kien Giang is collaborating with localities to establish models of community management for concentrated farming areas that apply sustainable aquaculture standards, including GlobalGAP, VietGAP, and good aquaculture practices (BAP). They are also promoting the issuance of farm codes for product traceability and implementing criteria for building new rural areas. Additionally, they are focusing on preventing and controlling aquatic animal diseases and monitoring water quality in the province.
In Ca Mau province, authorities are guiding shrimp farmers to transition from traditional farming methods to biosafety-oriented models that reduce production costs. By innovating farming processes and minimizing risks during cultivation, costs can be saved, ultimately reducing product prices. To ensure the sustainability and effectiveness of the brackish water shrimp farming industry, Ca Mau province is also investing in upgrading shrimp farming infrastructure, thus lowering logistics costs and automating feeding, water pumping, and drainage processes to replace manual labor.
(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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