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

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

Seanamico to invest in a modern processing plant

Nam Can Seaproducts Import-Export JSC (Seanamico) has approved its 2011 business plan with the target of reaching VND560 billion of turnover, VND15 billion of pre-tax profit, dividend payout ratio of 16 percent and the total output of 2,800 MT of finished products.

At the annual General Assembly of shareholders held in early April, 2011, Board of Directors of Seanamico has approved construction of a modern seafood processing plant at Ham Rong commune, Nam Can district, Ca Mau with capacity of 15 MT of finished products per day. The total estimated capital for equipments of the plant is US$3.88 million. This plant is the most modern one of the company, Mr Nguyen Truong Giang – Chairman and Director of the company said. Read more of this post

Seafood exporters cast bigger nets

The ministry of Industry and Trade (MoIT) has forecast a monthly seafood export revenue of roughly USD490-500 million during June and July thanks to price hikes and world market. 

The Ministry of Industry and Trade anticipated that Viet Nam would ship around 130,000-140,000 tonnes of seafood during each month. Read more of this post

UTXICO: Export target to US$80 million

So far, UTXICO had exported 1,000 tons of shrimp, earning US$10.44 million.

Utxi Aquatic Products Processing Corporation (UTXICO) has set target for the business plan in 2011.

Accordingly, the company plans to purchase 13,000 tons of raw shrimps, worth VND1,430 billion and to ship 11.000 tons of finished product, valued at US$80 million. It aims to hit VND120 billion of domestic sales and VND48 billion of after-tax profit Read more of this post

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