Vietnamese exports of pangasius are on the rise, with volumes in Mekong Delta increasing by nearly a fifth to more than 300,000 metric tons in the first half of 2010.
Now a growing number of Vietnamese producers and exporters in Mekong Delta are applying for quality certificates such as EuroGap, GlobalGap and HACCP to reach markets such as the United States, the European Union and Japan, the Saigon Times Daily reports.
These include Vinh Hoan Corp, Vietnam’s biggest pangasius exporter, which received the GlobalGap certificate by Bureau Veritas Certification for its 40- hectare fish farm in Dong Thap Province.
Vinh Hoan is the latest pangasius exporter to receive the certificate since NTCA Corp and shrimp exporter Minh Phu Corp were certified, says the Saigon Times.
Vinh Hoan said it now expects to build up its export capacity and raise the average value of its pangasius by 10 percent to 20 percent.
After its certification, the group signed a contract to provide 120 metric tons of pangasius to a European customer.
Expanding down the supply chain
Producers are also increasingly starting to farm their own fish to better control the quality, says Ngo Phuoc Hau, who chairs the Fresh Water Fish Committee under the Vietnam Association of Seafood Exporters and Producers (VASEP).
And this is just the beginning, Hau says. Over time the producers will have to develop “systematic sales strategy about brand-building, marketing and distribution, to build brand names for seafood products,” he tells the daily.
Vietnam’s government recently identified pangasius as a key export and approved a $42 million (€32.6 million) project to develop the production and sales of the fish in Mekong Delta till 2020.
This year, total output is also expected to increase to 1.5 million metric tons, valued at $1.5 billion (€1.2 billion).
Along with shrimp, pangasius accounts for 70 percent of total Vietnamese seafood exports (expected to top $4.7 billion (€3.7 billion) in 2010, up 6.8 percent from last year). (Intrafish)
(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.
(seafood.vasep.com.vn) Khánh Hòa province is currently leading the way in implementing Electric Catch Documentation and Traceability System (eCDTs).
(seafood.vasep.com.vn) The European Union, with its stringent quality requirements, has become an attractive destination for the shrimp industry of many countries, including Vietnam. Vietnamese shrimp meeting EU export standards not only increases product value but also solidifies Vietnam's position in the global seafood market.
(seafood.vasep.com.vn) Vietnam's shrimp exports accounted for the highest export value among all seafood products in the first nine months of the year, reaching nearly $2.8 billion, a 10.5% increase compared to the same period in 2023.
(seafood.vasep.com.vn) According to the Ben Tre Statistics Department, the province’s aquaculture sector has been relatively stable and has experienced growth recently, particularly due to the high efficiency of intensive shrimp farming models.
(seafood.vasep.com.vn) In the third quarter, several Vietnamese seafood companies announced strong financial results, showcasing resilience and growth in a challenging market.
VASEP - HIỆP HỘI CHẾ BIẾN VÀ XUẤT KHẨU THỦY SẢN VIỆT NAM
Chịu trách nhiệm: Ông Nguyễn Hoài Nam - Phó Tổng thư ký Hiệp hội
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Trưởng Ban Biên tập: Bà Phùng Thị Kim Thu
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