seafood

The Seafood category covers fishing, aquaculture, exports, and market trends in the seafood industry. It explores supply chain developments, sustainability practices, government regulations, and trade agreements, providing insights into demand trends, pricing, and global competitiveness.

 

Vietnam Stock Review: Nam Viet Corporation (seafood)

Vietnamese pangasius exports reached US$2.4 billion in 2022, a 52 percent increase compared to 2021. Expanded export markets and increased consumption in major regions like China and Hong Kong contributed to this growth. As a result, the company’s stock price tripled between May 2021 and June 2022. However, the pangasius industry faced a significant downturn in 2023 shrinking by 24 percent…

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Vietnamese seafood-solar firm to invest in Mekong Delta wind energy

Notably, the renewable energy segment is a relatively new growth driver for Sao Mai–Sao Mai only started investing in renewable energy in 2017 when it established Sao Mai Solar. Currently, the firm operates the An Hao Solar Power Plant with a 210-megawatt peak capacity and Europlast Long An Solar Power Plant with a 50-megawatt peak capacity. These projects contribute about 5 percent of Sao Mai’s revenue, however, they account for 20 percent of the firm’s gross profit…

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Japan to process scallops in Vietnam after China bans seafood imports

Japanese scallop producers are considering shifting their processing operations from China to Vietnam after China banned the import of Japanese seafood over the release of treated water from the Fukushima nuclear power plant, The Japan News is reporting. An estimated 30,000 to 40,000 tons of scallops from Japan were processed

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EU ban of Vietnamese seafood could cost upwards of US$500 million

If the EU issues Vietnam’s seafood industry with a red card under its illegal, unreported, and unregulated (IUU) fishing regulations it could cost Vietnam’s seafood industry half a billion dollars according to ‘industry insiders and policymakers’, Vietnam News is reporting. Vietnam was issued a yellow card under the the EU’s

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