Vietnam’s leading supplier of shrimp postlarvae, Viet Uc Seafood, now plans to become a shrimp exporter, with its first processing plant being constructed in the Mekong Delta next year.
Construction at the project in Bac Lieu Province will begin in early 2020, a company’s spokeswoman told SeafoodSource this week, adding that the site is already ready for the construction activities.
She did not say when the plant is expected to… Read More
Nam Viet Joint Stock Company (Navico) is seeking permission from the United States’ Department of Commerce to export to the United States again after stopping shipments in the midst of the so-called “whitefish wars” that saw the U.S. raise trade barriers to pangasius from Vietnam.
Navico focused heavily on exporting pangasius to the U.S. from 2002 and became the single biggest exporter of pangasius in the U.S. in 2007. But it… Read More
The prices of pangasius and whiteleg shrimp in Vietnam have rebounded in the first days of August following a drop in previous months.
Nam Viet Joint Stock Company (Navico) said in a note on 7 August that the price of its raw material bounced back to VND 22,000 (USD 0.95, EUR 0.84) per kilogram in the early days of this month, from some VND 19,500 (USD 0.84, EUR 0.75) per kilogram in July.
Navico said it expects prices to increase gradually… Read More
Vietnam saw the value of its seafood exports to China fall in the first half of 2019 due to more inspections by Chinese authorities, more competition from Indian and Ecuadorian shrimp, and the steep devaluation of the yuan, China’s currency.
Between January and June, the exports of seafood from Vietnam to China were worth USD 572 million (EUR 510.8 million), down 2.3 percent year-on-year. Of the total, the value gained from shrimp exports… Read More
Indonesia is increasingly viewing the Middle East as a lucrative potential market for the country's pangasius and is showing intentions of competing with Vietnam in this region, said Vietnam Association of Seafood Exporters and Producers (VASEP).
Indonesia has introduced its own brand of pangasius in the United Arab Emirates, considered a gateway to sales in the region, said VASEP.
The Indonesian Catfish Industry Association… Read More
Vietnamese shrimp giant Minh Phu Seafood is hoping its new shrimp farming technology, financially facilitated by Japanese Mitsui’s share purchase, will create a fundamental change in the shrimp aquaculture sector.
Minh Phu inked deal to sell a 35.1 percent stake to Mitsui in May. In June, the company said the majority of the VND 3.038 trillion (USD 130 million, EUR 115.9 million) it got from the deal would be allocated to aid its business… Read More
Multinational retail chain Walmart is looking for more supplies of seafood and other food products from Vietnam to meet its rising demand globally.
Vietnam’s Ministry of Industry and Trade and Walmart jointly held a seminar on 17 July in Ho Chi Minh City, titled “Strategies to cooperate with retail chain Walmart,” according to a government statement.
Walmart wants to see more products from Vietnam in its global supply chain… Read More
Diplomatic relations in Southeast Asia have been strained in recent weeks following alleged encroachments by Vietnamese fishermen in Malaysian and Indonesian territorial waters.
Tensions have flared as inspectors from the European Commission are expected to visit Vietnam later this month or early June to review the “yellow card” given to Vietnam in 2017, imposed in part due to Vietnam’s failure to curb its fleet’s… Read More
The value of Vietnam’s pangasius exports to two major markets, China and the United States, fell for the first time in three years in the first quarter of 2019, while the export value earned from several other markets rose.
China (including Hong Kong) remained the biggest buyer of Vietnamese pangasius in Q1, but the export value decreased 1.8 percent year-on-year to USD 99.3 million (EUR 88.3 million), according to Vietnam Association… Read More
The Aquaculture Stewardship Council (ASC) on Tuesday, 9 April launched a group certification in Vietnam, making its certification more accessible for small producers in the Southeast Asian nation.
A launch event was held in Can Tho City in the Mekong Delta, the most important region for pangasius and shrimp farming in the country, ASC said in a statement.
Under the new initiative, smaller-scale producers are able to join together as a group to… Read More