Vietnam is expected to become one of the world’s top shrimp producers thanks to its positive response to the COVID-19 pandemic and its modern shrimp farming models, according to industry insiders.
Robins McIntosh, Executive Vice President of the Charoen Pokphand Foods Public Company Limited, the largest integrated producer of aquaculture shrimp in the world, said shrimp production in the world grew 6-7 percent amid COVID-19 and disruptions to foodstuff supplies across the globe.
High demand in the long term may possibly prompt shrimp aquaculture to expand 10 percent, he added.
Regarding Vietnam’s shrimp sector, he said output has experienced stable growth through the years, from 5-10 percent annually, even 12 percent, due to radical changes in shrimp aquaculture technologies.
In recent years, high-tech shrimp farming models have been developed in the southern and Mekong Delta regions and have yielded higher profits for local farmers.
Under models that use intensive farming, the beds of shrimp breeding ponds are covered with plastic sheets and anti-sunlight nets are hung above. They are also equipped with oxygen-generating facilities.
According to Associate Professor Dr. Chau Tai Tao from Can Tho University, such models are popular in the Mekong Delta. Eighty percent of shrimp farming areas are set aside for wastewater treatment, so these models ensure good quality water for shrimp breeding.
The Ministry of Agriculture and Rural Development said Vietnam is home to more than 200,000 ha of high-tech shrimp farming, 186,000 ha of which is in the Mekong Delta provinces of Bac Lieu and Soc Trang. The two localities have received large amounts of foreign capital for shrimp processing for export.
High-tech shrimp farming has a success rate of 90 percent and offers far higher profits than traditional shrimp breeding in mud ponds. And the fatality rate among shrimp bred under high-tech models is significantly lower than in traditional farming, local farmers said.
In recent times, Vietnam’s shrimp sector has spared no effort to improve its capacity, though it has had to struggle with COVID-19 and serious saline intrusion.
Chairman of the Soc Trang Provincial People’s Committee Tran Van Lau said that in a bid to have high-yield shrimp output, the province is applying advanced technologies in shrimp farming, promoting intensive farming, and forming value chains.
In the time to come, it is necessary to raise awareness among local farmers of effective shrimp breeding models, while more attention should be paid to improving human resources to meet the requirements of shrimp farming and processing.
Soc Trang this year targets having 51,000 ha of shrimp breeding area and an output of 172,000 tonnes, Lau added.
Meanwhile, Bac Lieu province, which is striving to become a shrimp breeding hub in Vietnam, is investing in a three-phase electrical power system to serve semi-intensive and intensive shrimp farming areas, and instructing local farmers to apply advanced technologies in shrimp breeding to improve the competitive capacity of local shrimp.
Chairman of the provincial People’s Committee Pham Van Thieu said that, last year, the province bred shrimps on an area totalling nearly 130,000 ha, 9,000 ha of which were cultivated under semi-intensive and intensive farming models.
With Tet (Lunar New Year) approaching, fishermen along Vietnam's central coast are capitalizing on favourable weather conditions to intensify their fishing efforts, meeting the burgeoning demand for seafood across the nation.
(seafood.vasep.com.vn) Shrimp exports in 2024 reached nearly USD 4 billion, a 14% increase compared to 2023. Reflecting on 2024, the shrimp industry demonstrated resilience and persistent effort in overcoming challenges, solidifying its strong position in exports.
(seafood.vasep.com.vn) Sao Ta Foods Joint Stock Company (ticker symbol FMC - HoSE), one of Vietnam's largest shrimp exporters, recently announced its 2024 business results.
(seafood.vasep.com.vn) The United States remains one of the largest importers and consumers of Vietnamese pangasius, primarily in the form of frozen fillets. However, in recent years, the country has significantly increased its imports of value-added pangasius products.
(seafood.vasep.com.vn) After reaching a peak of nearly USD 6 million in June 2024, the export value of Vietnamese tuna to Italy has stagnated and continuously declined in the last five months of the year. Cumulatively, by December 15, 2024, export turnover to this market decreased by 18% compared to the same period in 2023, reaching over USD 30 million. With this decline, Italy is no longer Vietnam's largest tuna import market within the EU bloc.
The Mekong Delta province of Tien Giang, with its 32-km coastline, is well-positioned to develop a thriving seafood industry. Recognising the importance of sustainable offshore fishing, local authorities have implemented policies to modernise the fishing fleet and support operations in offshore waters.
(seafood.vasep.com.vn) On the evening of December 23, 2024, in Ho Chi Minh City, the Vietnam Association of Seafood Exporters and Producers (VASEP) held a ceremony to celebrate the seafood export milestone of 10 billion USD, with hopes for continued growth in 2025. The event was attended by Deputy Minister of Agriculture and Rural Development Phung Duc Tien, Deputy Minister of Foreign Affairs Nguyen Minh Hang, and representatives from various ministries, as well as domestic and international partners.
(seafood.vasep.com.vn) With a market share exceeding 10% in Vietnam's aquafeed sector, Sao Mai Super Feed has affirmed its position as one of the leading brands, making a significant contribution to the development of the pangasius industry and elevating Vietnamese pangasius products on the international stage.
Secretary General of the Vietnam Association of Seafood Exporters and Producers (VASEP) Nguyen Hoai Nam said that in the past 5-6 years, Vietnam's seafood export value has only hovered around 8-10 billion USD/year. To reach the value of 16 billion USD by 2030, Mr. Nam proposed establishing corporations/enterprises to exploit the sea.
(seafood.vasep.com.vn) Vinh Hoan Seafood (stock code VHC) announced that its export turnover to three key markets— the U.S., EU, and China—grew between 32% and 40% in November 2024 compared to the same period in 2023.
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