Toan Dao

Thai Union Group reported record sales in the third quarter of 2026, supported by growth in its ambient seafood, petcare, and value-added business segments, even with frozen seafood sales declining amid weaker U.S. shrimp demand and pressure on its feed business. The Bangkok-based seafood group posted sales of THB 35.7 billion (USD 1.06 billion, EUR 945.2 million) in Q3, up 3.4 percent year over year. The increase marked Thai Union's third… Read More

Indonesia plans to provide 4,582 modern fishing vessels to fishers for free by 2029 under a fleet modernization program. The program will require an estimated IDR 234.55 trillion (USD 13.01 billion, EUR 11.57 billion) in investment, according to state news agency ANTARA. The free vessel program is expanded from an earlier plan to build 1,582 fishing vessels, with the government now providing details of the funding requirements and arrangements… Read More

After agreeing on terms earlier this year, Vietnam and the four members of the European Free Trade Association (EFTA) – Iceland, Liechtenstein, Norway, and Switzerland – officially signed a free trade agreement (FTA) on 18 October, paving the way for increased trade between the two parties, with Norwegian salmon and mackerel particularly set to benefit from tariff reductions. The agreement was signed in Hanoi, Vietnam, in the presence of… Read More

Raw material prices in Vietnam’s pangasius sector have risen steadily in recent months, largely due to strong export demand and tight supply. The sales value of Vietnam’s pangasius exports reached about USD 214 million (EUR 190 million) in September, up 18.6 percent year over year, according to the Vietnam Association of Seafood Exporters and Producers (VASEP). Shipments over the first nine months of 2026 totaled around USD 1.74 billion (EUR… Read More

Indonesia’s Ministry of Maritime Affairs and Fisheries (KKP) and environmental organization Konservasi Indonesia (KI) are pushing for the creation of two large-scale marine protected areas (LSMPAs) covering more than 24 million hectares. The two areas aim to safeguard biodiversity, preserve habitat connectivity, and protect deep-sea ecosystems. One proposed LSMPA covers approximately 11.3 million hectares in the Banda Sea, where studies have… Read More

Vietnamese seafood processing and export firm Camimex Group has secured a USD 15 million (EUR 13.4 million) loan from French financial development institution Proparco to fund new cold-storage capacity and bolster its working capital. The Camimex Board of Directors approved the financing at its recently held Q3 meeting in the southern province of Ca Mau. Of the total, USD 7 million (EUR 6.3 million) will be put toward building cold-storage… Read More

Vietnamese shrimp firm Minh Phu Seafood reported export revenue of USD 440.7 million (EUR 393.6 million) over the first nine months of 2026, which was up 16.9 percent from a year earlier, as strong growth in shipments to Australia and New Zealand helped offset declines in Japan. The company exported 41,608 metric tons (MT) of shrimp from January to September, marking an increase of 22.9 percent year over year, according to company data. The U.S.… Read More

Vietnamese firm KLC Seafood recently unveiled a new aquaculture cooperative, aiming to strengthen its live seafood supply chain serving key Asian markets, including China, Hong Kong, and Taiwan. KLC Seafood oversees approximately 884 hectares of affiliated farming operations in Cam Ranh, Van Ninh, and Song Cau, and the new KLC Dai Duong XI Aquaculture and Tourism Cooperative, located in the central province of Khanh Hoa, will help the company… Read More

Vietnamese shrimp and pangasius firm Viet Uc announced earlier this year that it would launch an international shrimp hatchery expansion plan, with the company seeking to leverage its proprietary genetic technology to enter new markets.  “Viet Uc's upcoming strategy is to go global. We are leveraging our core strength, which is our breeding program, utilizing molecular genomics technology combined with the high-tech production systems that… Read More

India’s seafood exports rose 14.3 percent year over year to USD 3.65 billion (EUR 3.18 billion) between April and August of this year, as shipments to the U.S. remained stable and exporters expanded sales to other markets during the five-month period. In August alone, marine product exports increased 27 percent year over year to about USD 760 million (EUR 661 million), according to preliminary data from India’s Ministry of Commerce and… Read More