The first rescue package of VND2,000 billion is used to support for processors in purchasing raw pangasius. The payment for fish farmers is paid by banks under provincial People’s Committees’ supervision. It is expected that 150,000 MT will be sold during the rest time of this year.
The second package of VND2,400 billion is used to support for packers that have their owned fish farms. The packers expected to access to four or six - month loans at preferential interest rates in the current situation of limited credit. Raw pangasius reared by these enterprises is expected to reach 400,000 MT from now to the end of this year.
VND4,400 billion bailout for pangasius farmers and processors is only a short-term measure. Besides the above solution, the foundation of Vietnam pangasius Association is considered as a long-term measure to develop pangasius sustainably. Pangasius industry need to be restructured to improve fish value and export price, ensuring product quality under international market requirements and promoting Vietnam pangasius’s prestige, Mr. Nguyen Huy Dien – Deputy Director General of Directorate of Fisheries (D-Fish) said.
In order to develop pangasius sustainably, exporters need to restructure domestic production based on close management of inputs such as seed, feed… to meet importers’ demand, create a link in production chain in which participants enjoy mutual benefit and share risks, he continued.
According to D-Fish, input costs such as feed price rose by VND500 – 1,000 per kilogram; animal drug rose by 10 – 15 percent; seed and fuel price were also higher. Therefore, farmers still faced hardship despite increasing pangasius price.
According to Vietnam Customs, the export of value-added pangasius in the first eight months of 2024 has been evaluated as quite positive, with continuous growth in many major markets such as the United States, CPTPP, and the Netherlands...
(seafood.vasep.com.vn) The Department of Fisheries of Ca Mau province coordinated with the School of Fisheries under Can Tho University to organize training courses on high-tech shrimp farming for 120 people in processors, cooperatives and families that are raising intensive and super-intensive shrimp in the province.
(seafood.vasep.com.vn) Currently, Soc Trang province plans to expand its shrimp farming area from over 50,000 hectares to 57,000 hectares by 2025, aiming for a production of 233,800 tons and maintaining a $1 billion export value. The project will establish 45 climate-resilient shrimp farming models and ensure all farms meet aquaculture standards for traceability.
(seafood.vasep.com.vn) In July 2024, Vietnam's fish cake and surimi exports declined. The export value reached just over 24 million USD, down 3% over the same period. In the first 7 months of 2024, the cumulative export of this product group reached 152 million USD, down 13%.
(seafood.vasep.com.vn) Dong Thap is a key region for pangasius farming, boasting the largest production in the Mekong Delta. In the first seven months of 2024, the estimated aquaculture area reached 4,778 hectares, with a harvest yield of 307,336 tons. Of this, the intensive pangasius farming area covered 2,042 hectares, with a harvest of 252,670 tons.
(seafood.vasep.com.vn) According to Vietnam Customs, in the first half of August 2024, Vietnam's pangasius exports to the EU reached nearly 8 million USD, up 57% over the same period. Cumulative pangasius exports to this market as of August 15, 2024, reached 107 million USD, up 0.5% over the same period last year.
(seafood.vasep.com.vn) The Board of Directors of International Development & Investment Corporation (IDI) is confident of completing this year's profit plan in the context of gradually recovering demand for pangasius in China and Mexico.
(seafood.vasep.com.vn) Some farmers in Soc Trang province have successfully applied a balanced biological shrimp farming technique, which eliminates the use of chemicals to minimize environmental impacts. This is a model of farming that adapts to climate change.
8 finalists have been named in the best new seafood product competition to be awarded at Seafood Expo Asia, taking place 4 to 6 September at the Sands Expo and Convention Centre in Singapore.
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