Your Favorite blog is changing address! www.vietnamseafoodnews.com

Hi eveyone,

I am happy to announce that your favorite blog about Seafood in Vietnam is changing address.

www.vietnamseafoodnews.com 

We keep the same concept:

– we gather all news about the Seafood Industry in Vietnam

– We publish all your news, new project ideas, opinion

– Still 100% free!!

Now we have a specific email address: vietnamseafoodnews@gmail.com

Do not forget to subscribe to the blog. All existing subscription will not be automatically renew.

Thanks for your support!

The Editor, Xavier.

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FIMEX VN: Not only seafood

Saoto Foods Joint Stock Company (FIMEX VN) has built a solid reputation over the past 15 years as a prestigious shrimp producer and exporter in Vietnam. 

Gaining a strong foothold in many markets, the company is now targeting a new segment with much wider range of products, i.e. agricultural and mixed products.
Hight value shrimp drive growth
Fimex VN was one of the first companies in Viet Nam to process and export refined shrimp products to Japan and other classy markets. Read more of this post

Minh Phu seafood corp: Targets VND 615.5 billion profit

Minh Phu Seafood Corp has issued VND 700 billion of three years bonds with par value of VND 1 billion per share

Minh Phu Seafood Corp (MPC) has issued VND700 billion of three year bonds with par value of VND1 billion per share. In the first phase (late 2010), MPC issued 200 bonds (worth VND200 billion) and the other 500 bonds were issued in the second phase (March 31, 2011) in order to raise operating capital for Minh Phu – Hau Giang shrimp processing plant and invest in an industrial shrimp farming project at Dat Do district, Ba Ria – Vung Tau province. Read more of this post

SHATICO miss Vietfish 2011

Organized by Vietnam Association of Seafood Exporters and Producers (VASEP), Vietfish Exhibition 2011 give priority to medium and small seafood companies from the North and Central of Vietnam as South Ha Tinh Seaproduct Import and Export Joint Stock Company (SHATICO). They can take part in the show without fee. Read more of this post

Experts warn of shrimp oversupply

As the world’s biggest shrimp exporter, Thailand employs advanced shrimp farming technology such as bio-security farming, a system that increase yield and ensure high quality. However, farmers manager biosecured farms differently depending on their capital.

The attractive price of Thai shrimp will encourage farmers to breed more shrimp in pursuit of high profits. But fast-expanding farm areas could damage the business as farmers might ignore quality and bring about oversupply, leading to problems when the price drops, warned Somsak Paneetatyasai, president of the Thai Shrimp Association. Read more of this post

Fisheries processors struggling with hardships

The Vietnam Association of Seafood Exporters and Processors (VASEP) on June 14 organised a conference to report export situation as well as the serious shortage of materials.

Truong Dinh Hoe, general Secretary of VASEP, reported that the shrimp export so gar has accounted for 35.5 percent of the country’s total seafood export turnover. Mekong Delta now has 213,500 hectares of shrimp raising area, expected to reach the output of 213,000 tonnes – the great supply for export. But, due to epidemic, 52,270 ha of shrimp raising area here was damaged seriously for which the processors are facing shortage of materials for export. Read more of this post

Jan-April: Seafood exports up 26 percent in value

In April 2011, Vietnam’s Seafood exportes reached nearly US$ 466 million in value, up 23.5 % against the same period last year.  

Seafood exports in Jan-April amounted to more than 404MT, worth US$1.6 billion, up 7.1 percent in volume and 26.3 percent in value over the same period last year.
Seafood exports to worldwide market during Jan-April are as follows:

Shrimp: 61,338MT (up 20%), US$573 million (up 34%). Average price to most export markets increased, for example, average export price to EU is at US$9.33 per kilo. Read more of this post

22 Vietnamese firms enjoy shrimp anti-dumping duty at 0.01%

In response to the decision of the US Court of Trade INternational, the US Department of Commerce (DOC) has announced its ammendment on final anti-dumping duty on shrimp import from Vietnam in the period from February 1st 2006 to January 1st 2007. 

According to the DOC’s list, all 22 Vietnamese shrimp exporters enjoy the tax of 0.01 percent. According to representatives of VASEP, if the verdict has no appeal, DOC will instruct the US Customs and Border Protection to impose anti-dumping tariffs for shipments imported the US market according to the amended tax and this is great news for our country’s shrimp exports. Read more of this post

Vietnam: Numerous barriers erode seafood exporters’ competitiveness

The Asia Development Fund sponsored survey on the competitiveness carried out by the Central INstitute for Economic Management (CIEM) showed that policy environment was not favorable enought to boost the competitiveness of exporters, especially seafood ones. 

On April 19, in Ha Noi, CIEM and Asia Development Fund announced the results of the survey on the competitiveness of seafood, textile and electronic equipments exporters – the three export pillars of Viet Nam in recent years.
Profit running thin
Seafood export increased rapidly especially after Viet Nam signed the Bilateral Trade Agreement (BTA) with the US, Read more of this post

Nha Trang releases breeding shrimp, fish into sea

Nha Trand city authorities yesterday released more than 400,000 shrimps and 7,500 barramundi fish into the sea at Tam isle and Bay Lagoon to improve stock in the sea.

It serves as a call for everybody to protect the country’s marine ecosystem, Le Xuan Than, deputy chairman of the central Khanh Hoa Province People’s Committee, said.

“Besides exhorting the public to contribute to the protection of marine resources, relevant agencies themselves must take regular action,” he added.  Read more of this post

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