Vietnam: Seafood exports flourished, businesses focused their efforts on reaching the finish line

Published Aug 5, 2024

Tridge summary

The Mekong Delta in Vietnam is seeing a surge in shrimp processing activities for export, with over 500 million USD in revenue in Bac Lieu province alone. The country's seafood exports have seen a 7% increase in the first half of the year, reaching over 4.4 billion USD. The government's focus on deep processing and quality improvement is expected to further boost the industry. The pangasius industry is also recovering, with over 800 million USD in revenue this year, thanks to market exploitation and improved quality. The US reduction in anti-dumping tax on Vietnamese pangasius products is seen as a significant opportunity. To reach 2 billion USD, seafood factories recommend farming in coordination for large output and high quality. China is a key export market for Vietnam's seafood, with fresh and live products, especially pangasius, dominating exports.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Shrimp processing to serve export needs. Positive signals Recorded in the Mekong Delta - the country's seafood basket, since the third quarter, factories have signed many new orders. Aquatic product purchasing, processing and export activities are also more vibrant. More than 500 million USD is the export turnover that the shrimp capital of Bac Lieu achieved. To reach the milestone of 1.1 billion USD this year, 48 seafood factories in this province are stepping up processing and increasing exports. "Going strongly into the Korean market with fresh whole shrimp, especially in the near future, the company will export 1 container of fresh goods to Australia," said Mr. Tran Be Sau - Executive Director of Viet Uc Seafood Processing Factory. . Mr. Pham Van Thieu - Chairman of the People's Committee of Bac Lieu province said: "We must have close links with shrimp farmers to maintain stable raw materials. If we have stable raw materials, then the factory will have enough processing ...

Source: VNRuralEconomics