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.
(seafood.vasep.com.vn) Sao Ta (FMC - HoSE), a key subsidiary of PAN Group, has announced impressive business results for February. The company's shrimp production reached 1,913 tons, a 106% increase compared to the same period last year, while agricultural product production reached 67 tons, up 6%.
(seafood.vasep.com.vn) The tuna export market of Vietnam in the first month of 2025 has seen notable fluctuations. Exports to most major markets have decreased compared to the same period in 2024.
The Seafood Expo Global is the largest seafood industry event in the world, truly becoming a professional playground and a strong foundation for connecting the international seafood community. The Seafood Expo Global (SEG) 2025 will take place from May 6 to May 8, 2025 in Barcelona, promising to be an important platform for the global seafood community to meet, trade, and seek business opportunities in seafood industry.
(seafood.vasep.com.vn) According to data from Vietnam Customs, Vietnam’s pangasius exports in January 2025 reached over USD 133 million, marking a 19% decline compared to the same period last year. Notably, the ranking of the top pangasius import markets saw significant adjustments.
(seafood.vasep.com.vn) According to a report by the General Statistics Office, the estimated pangasius output for January 2025 reached 102.5 thousand tons, representing a 6.0% increase compared to the corresponding period of the preceding year. This surge is attributed to the rise in pangasius material prices within the Mekong Delta, which has incentivized aquaculture farmers to expand their stocking activities. Concurrently, this price increase has facilitated processing enterprises to intensify procurement efforts to meet export demands during the early part of the year.
(seafood.vasep.com.vn) Between 2015 and 2024, Vietnamese pangasius exporting enterprises have undergone notable transformations in rankings and experienced fluctuations in developmental strategies, competitive intensity, and business efficacy. This dynamic is clearly illustrated through shifts in export turnover and the proportional contribution to the national pangasius export volume among the Top 5 enterprises.
(seafood.vasep.com.vn) The outlook for Vietnam’s seafood exports remains positive, with a strong focus on maintaining growth in key markets like China and the U.S., while diversifying into new regions. As global trade policies continue to evolve, adaptability and strategic planning will be key to navigating the challenges ahead.
(seafood.vasep.com.vn) Thanks to improved pangasius prices and higher production, Vĩnh Hoàn's after-tax profit in Q4 2024 reached VND 440 billion, a 4.8-fold increase compared to the same period last year.
(seafood.vasep.com.vn) According to data from Vietnam’s Customs, in Q4 2024, Vietnam’s pangasius exports to China & Hong Kong reached USD 163 million, a 17% increase compared to the same period in 2023, with consistent growth across all months. The total value of pangasius exports to China & Hong Kong for 2024 reached USD 581 million, a 1% increase over the previous year.
Vietnam’s seafood exports are projected to maintain strong growth this year, potentially reaching 11 billion USD.
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