New shrimp processing plants inaugurated
08:26 07/01/2022

( Up to May 15th, 2022, Vietnam’s shrimp export value to Canada had reached 100 million USD, up by 87% compared to the same period last year. Shrimp export to this market has recorded a considerable growth in the past two years, and is evaluated to have further opportunity to thrive in the near future.

( After more than three years of application, super-intensive shrimp farming is considered a model that brings production efficiency and is expected to be expanded and developed soon.

( Minh Phu Seafood Corp announced that the company aims at accounting for 25% of the world shrimp market share by 2045. This goal is projected to be achieved by Minh Phu through short, medium and long-term strategies, particularly the 2021-2025 strategy with the key objective being building a green and clean and sustainable shrimp value chain of Vietnam, with competitive prices compared to India, Indonesia and Ecuador, improving processing productivity and reducing COGS.

( Vietnam's shrimp exports in April 2022 reached more than US$442 million, up 47% over the same period last year. Accumulated in the first 4 months of this year, shrimp export turnover reached USD 1.4 billion, up 45% over the same period. Shrimp export turnover in the first 4 months of this year reached a record compared to the same period in previous years.

( Sao Ta's sales in April 2022 increased by 10% compared to the same period last year and it is forecast that May's operation will improve significantly when the agricultural products segment arrives at the time of mass delivery and shrimp from the farm will focus on harvesting.

( Vietnam's shrimp exports experienced an energetic first quarter of this year with export revenue of nearly $955 million, up 44% over the same period last year, which signals a promising year for shrimp exports nationwide.

( FIMEX VN ranks 4th position among Vietnam shsrimp exporters in 2021 with 166 million USD from shrimp sale. In the first 3 months of the year, FIMEX VN’s sales reached about 1,338 billion VND, increased by 39% over the same period last year, and fulfilled a quarter of the annual sales plan.

( Sao Ta Foods (FMC) plans to pay a dividend of 20% in 2022 (VND2,000/share), equal to the dividend expected to be paid in 2021.

( After a process of peer-reviewing, the Provincial Council of Science and Technology (including the Department of Science and Technology, the Department of Industry and Trade, the Department of Agriculture and Rural Development) agreed to grant the right to use geographical indications for Ca Mau black tiger shrimp products (1st phase) for 3 enterprises: MINH PHU SEAFOOD Corp, Minh Phu Mangroves shrimp social Enterprise, and Ca Mau Seafood Processing & Service Joint Stock Corporation (CASES).

( The two sides have just signed a strategic cooperation agreement to contribute to the development of the shrimp value chain, from seed to table, raising the level of the Vietnamese shrimp.

( Vietnam's shrimp exports in the first two months of this year grew well in all major markets such as the US, EU, Japan, Korea, China, UK... In the Russian market, exports decreased due to disruption resulting from the Russia-Ukraine conflict.

( In the morning of March 11, the Ministry of Agriculture and Rural Development coordinated with the People's Committee of Soc Trang Province to organize an online conference called "Developing the Shrimp Industry in 2022 and signing regulation on cooperative management of brackish water shrimp breeds in 2022".

There remains large room for Vietnam’s shrimp industry to strive for greater export growth in the next few years, said the Vietnam Association of Seafood Exporters and Producers (VASEP).

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