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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Jan – May: Pangasius export reaches 263,170MT

According to the Vietnam Customs in Jan-May Vietnam earned approximately US$ 672 million from exporting 263,170 MT of Pangasius up 24.7% in value and 4.7% in volume.

Pangasius export is expected to hit a record US$800 million in the first six months of the year.

In order to stabilize the supply of raw material and export price from July to the end of the year, Vasep Freshwater Fish Committee (VFFC) held a meeting with 25 biggest Pangasius exporters and Dong Thap and An Giang Fish Farming Associations to set the floor prices for export.

Accordingly, price of trimmed and untrimmed Pangasius fillet shipped abroad (except US) were fixed at US$3.3/kilo and US$2.3/kilo, respectively. Read more of this post

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

GODACO: VND20.26 Bln profit in Q1/2011

Godaco reported its after-tax profit increased by 12.7 billion against the same period last year (VND 7.56 billion)

The increase of the company’s after-tax profit in Q1/2011 was attributed to higher net revenue, which increased by VND71.6 billion (69%). In the first quarter, Godaco’s production and export price both increased. Average export price rose from US$2.6/kilo to US$3.1 /kilo. Foreign exchange rate was also higher.  Read more of this post

TAFISHCO to create a solid linkage in pangasius production

In early June 2011, Thuan An Production Trading and Service Company (TAFISHCO) has organized a meeting to discuss about the linkage in pangasius production. In which, the company plans to apply a vertical linkage in pangasius production across An Giang – a province in Mekong Delta – with an aim to control food safety, environment management, traceability, and to assure profits for all parties in the linkage and improve the value of Vietnam pangasius, Nguyen Thi Hue Trinh – TAFISHCO’s General Director said. Read more of this post

Pangasius producers look to cut costs, not corners

After years of seemingly unstoppable growth, the value of Pangasius exports from Vietnam has reached a plateau, according to Dr. Nguyen Huu Dzung, VP of the VASEP.

The turning point was 2008, he said, when total export sales hit USD 1.45 billion. (They reacahed USD 1.34 billion in 2009 and USD 1.43 billion last year.)

However, during the same period, the value of exports to the EU, Vietnam’s major market for pangasius products, fell from USD 581 million in 2008 to USD 539 million in 2009 and USD 511 million in 2010. In 2008 and 2009, the volume of pangasius exported to the EU remained steady at 224,000 metric tons, but there was a slight drop in 2010 due to less fish being farmed. Read more of this post

BESEACO to promote clam products in Vietfish 2011

From 2004 to now, Ben Tre Seafood Joint Stock Company (Beseaco) has annually participated in Vietfish show where they found a lot of new customers for their clam products.

According to BESEACO, at Vietfish 2011, the company continues to display and introduce two main export items including pangasius fillet and clam. The company also makes an appointment with some partners from EU, Asia and the U.S at the trade show. 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

Import tariffs must go, say EU processors

Tariffs on imports of seafood raw material into the European Union must go, said the head of the EU Fish Processors and Traders Association (AIPCE-CEP). “Measures that seek to protect EU markets from third country competition are outdated and should no longer be part of EU policy,” the AIPCE-CEP said on June 15

Today, the majority of seafood raw material imported into the EU for processing is subject to trade barriers such as import duties, Guus Pastor, president of the AIPCE-CEP, told IntraFish. Although there are exceptions, such as cod from the Barents Sea, the majority remains subject to prohibitive duties.  Read more of this post

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