Toan Dao has written about Vietnam’s business community, with a focus on energy and agriculture, for a number of Vietnamese and international outlets for more than 10 years. As a contributing editor for SeafoodSource in Southeast Asia, he also covers other major seafood producers in the region including Indonesia and Thailand.
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Vietnam’s Nha Trang Seafood has opened a new shrimp processing factory in the Mekong Delta, joining other producers that are expanding processing capacity.
The new plant is located in Bac Lieu Province, and cost VND 400 billion (USD 17.2 million, EUR 16.3 million) to build
… Read MoreVietnam seafood exports to the European Union rose again in May, achieving year-on-year growth for the fourth straight month.
The country exported seafood worth nearly USD 140 million (EUR 132.2 million) to the E.U. in May, a higher total than in each of the previous three months …
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… Read MoreAs many as half of Vietnam’s fishing boats are stranded ashore due to rising fuel costs, according to the country’s ministry of agriculture and rural development.
In a 24 June letter, the agriculture ministry called on country’s other government ministries to jointly seek support from the central government for affected fishermen.
The country has more than 91,000 fishing vessels, including more than 42,000 boats operating
… Read MoreFollowing significant disruptions caused by the COVID-19 pandemic and its impact on global supply chains, shrimp broodstock suppliers have redoubled their focus on the fast-growing shrimp market in Asia, according to Willem van der Pijl, the founder of consultancy Shrimp Insights.
India, Indonesia, Vietnam, and Thailand are major shrimp exporters; and Bangladesh, Sri Lanka, and the Philippines all have smaller but burgeoning shrimp sectors.
… Read MoreOcean 14 Capital Fund has signed an agreement to acquire a controlling stake in Singapore-based shrimp genetics company SyAqua from Golden Springs Group. The transaction is worth USD 12 million (EUR 12.5 million), according to Ocean 14, a Luxembourg-headquartered private equity impact investment firm ...
Photo courtesy of Ocean 14 Capital
… Read MoreA dozen companies and brands have joined Responsible Seafood Sourcing, an initiative under USAID Fish Right formed between the U.S. and the Philippines to promote the growth and sale of sustainable seafood.
Responsible Seafood Sourcing (RSS) is a partnership between the United States Agency for International Development (USAID) and the Philippines Bureau of Fisheries and Aquatic Resources (BFAR), created in 2018 and running through 2023. USAID
… Read MoreThe Filipino tuna-fishing hub of General Santos City is struggling with the rapidly rising cost of diesel fuel, with local fishermen urging the government to assist the industry ...
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… Read MoreIndia has set a goal to double the value of its seafood exports to INR 1 trillion (USD 12.86 billion, EUR 12 billion) in the next five years …
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… Read MoreVietnam’s leading shrimp company, Minh Phu Seafood, aims to almost double its net profit target this year as it plans to raise production and sales of shrimp to better server market demand.
The company hopes to earn a net profit of …
Photo courtesy of Minh
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