Soc Trang Seafood Joint Stock Company (Stapimex), one of Vietnam’s largest shrimp producers, earned BAP certification for six of its shrimp farm sites located in Vietnam’s Soc Trang province.
The BAP certification was sponsored by US-based National Fish & Seafood, part of Pacific Andes International Holdings.
“We are extremely pleased that the first shrimp farm group has achieved international recognition through BAP certification,” said Jeff Sedacca, president of National Fish’s shrimp division.
“This historic milestone will make it possible for the thousands of smallholder shrimp farms around the world to meet the environmental and social standards of the BAP program and achieve certification gaining access to international markets,” said Sedacca.
This project is the result of a year-and-a-half collaboration between Stapimex, National Fish and GAA, he said.
“There are literally hundreds of thousands of farms around the world, and not having this type of program severely limits the ability for any certification program to be effective beyond the ‘top’ farms,” said Peter Redmond, BAP’s vice president of market development.
For group farms, a subset of the total number of sites is audited; the ability to qualify for group requires an applicant to implement strict and consistent internal controls across all of its operations.
Marine Harvest Canada was the world’s first operation to attain BAP certification through the group farm program.
The BAP group farm program is separate from an integrated operating module, in which groups of medium- to small-sized farms are organized under the sponsorship of a processor, farmer cooperative or association, or other legally recognized entity.
(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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