Bac Lieu moves towards country’s shrimp production hub

The Mekong Delta province of Bac Lieu is rolling out measures to turn it into a shrimp production hub of the country, said Deputy Secretary Party Committee and Chairman of the People’s Committee of the province Duong Thanh Trung.
Bac Lieu moves towards country’s shrimp production hub ảnh 1Illustrative image (Source: VNA)

Bac Lieu (VNA) – The Mekong Delta province of BacLieu is rolling out measures to turn it into a shrimp production hub of thecountry, said Deputy Secretary Party Committee and Chairman of the People’sCommittee of the province Duong Thanh Trung.

The provincial leader said that Bac Lieu aims to take thelead in high technology research and application in shrimp industry, focusingon prawn seeds and commercial shrimp production and processing.

Bac Lieu expects to lure investment and resources to createmomentum to promote the national shrimp industry and supporting sectors inother nearby localities and the whole country.

The locality aims to produce 32-35 billion prawn fry in 2020and about 40-45 billion prawn fry in 2025, with higher quality through years.

In 2025, shrimp farming area will be expanded to 147,900hectares with an expected output of 249,000 tonnes. More than 30 percent ofproducers and businesses, and nine farming regions with total area of 3,890hectares are hoped to use high technology in production, while 30 percent aresubjected to meet VietGAP, GlobalGAP and ASC standards.

In 2020, the volume of processed shrimps is expected toreach 98,300 tonnes in 2020 and 120,000 tonnes in 2025, while the export volumeis hoped to fetch 73,000 tonnes in 2020 and 90,000 tonnes in 2025.

The province is working towards 100 percent of processedshrimps meeting the standards of the NationalAgro-Forestry-Fisheries Quality AssuranceDepartment (NAFIQAD) as well as the requirements of the world and importcountries. In 2025, the capacity of local shrimp processing sector is meant to reach160,000 tonnes to take the leading position in the country in processingtechnology.

The cost for the implementation of the scheme is 3 trillionVND (nearly 130 million USD), nearly a half of which comes from the centralState budget and 34.22 percent is mobilised from local producers andbusinesses.

According to Trung, the province will focus on attractingall resources, including mobilised and foreign-invested capital for the sector,with the focus on optimising foreign investment.

Meanwhile, the province will increase investment promotionactivities and enhance its provincial competitiveness index to lure moreinvestors, he said. He added that Bac Lieu will organise investment promotionconference in local, regional and national levels.

Alongside, the province will maintain and expand traditionalmarkets of Japan, the US, the EU, China and the Republic of Korea, whileexploring more markets in Asia, East Europe, Africa, and South America. Thelocality will strengthen the capacity in market forecasting and updaterequirements in import market to support local producers, said Trung.

He said that Bac Lieu will consider the direct supply ofshrimp to retail system in import countries instead of through importers, whileencouraging and supporting local businesses to register their brand names andpromote their products in association with the promotion of Bac Lieu shrimptrademark.

At the same time, Bac Lieu will focus on training highquality human resources for the sector, including high technology officials whoinvolve in fisheries sector management. Workers for high technology productionin shrimp industry will also be trained, focusing on shrimp fry production,commercial shrimp farming, and shrimp processing. Personnel in marketforecasting and promotion will also be trained.

The province will also promote the transfer of hightechnology through fishery production companies and processors in the locality.

Bac Lieu will attract high-tech human resources with deepunderstanding on market and economic management to engage in production, while givingpreferential policies to lure high-profile researchers, engineers and managersserving the production, exploitation, processing and exporting of aquaticproducts, stated Trung./.
VNA

See more

West Food Hau Giang JSC’s factory at the Nam Song Hau Industrial Park – Phase 1, Can Tho city (Photo: VNA)

Southern industrial property market enters new phase of competition

Industrial site selection was previously driven largely by land prices, location and access to markets. However, as supply chains become more complex and manufacturing projects face higher technical requirements, businesses are increasingly assessing sites based on their long-term operational capabilities.

Members of the RoK delegation visit booths showcasing signature agricultural products of Da Lat – Lam Dong. (Photo: VNA)

Lam Dong seeks stronger economic, tourism links with RoK

Lam Dong is particularly interested in sectors in which Korean businesses have strengths, including agriculture, green energy, the circular economy, high-quality tourism, healthcare, education, human resources training and digital transformation, an official said.

Illustrative image (Photo: EVNNPT)

EVNNPT seeks over 224 mln USD in bank loans for grid expansion

Three projects account for part of the financing need, including 13.3 million EUR for the 220kV Ung Hoa substation and connection lines, 18.6 million EUR for the 220kV Tan Viet substation and the 220kV Tan Viet–Gia Loc–Pho Noi line, and 35.3 million EUR for the 220kV substation connecting the Dong Anh–Van Tri transmission line.

At a farm produce supermarket in Hue city (Photo: VNA)

Inflation control key to maintaining growth momentum

Average consumer price index (CPI) rose 4.52% in the first nine months, roughly in line with the National Assembly (NA)'s full-year target, while core inflation climbed 4.26%, the National Statistics Office (NSO) reported. CPI in some localities ran above the national average, including economic hubs Hanoi and Ho Chi Minh City.

According to experts, Vietnam’s relatively attractive valuation could help draw active investors. (Photo: VNA)

Capital-market channels widened after FTSE upgrade: expert

Vietnam officially entered FTSE Russell’s Secondary Emerging Market category on September 21 after reforms to trading, settlement and foreign-investor access. The reclassification gives Vietnamese equities access to a much larger pool of international capital, but also puts them in direct competition with other emerging markets.

Lao products are promoted at a trade fair in Dien Bien province in September 2026. (Photo: VNA)

Vietnam, Laos seek to expand room for trade, investment cooperation

Vietnam and Laos aim to boost bilateral trade in 2026 towards the milestone of 10 billion USD by 2030, a target said to be challenging but feasible as both Governments work to remove trade barriers, improve border-trade mechanisms, and strengthen transport and logistics connectivity.

At a garment company in Bac Ninh city. (Photo: VNA)

Bac Ninh maintains its lead nationwide in import-export scale

Exports totaled almost 87.5 billion USD while imports hit 90.3 billion USD. The figures show output at the electronics manufacturing hub is still expanding. They also underscore the need for local companies to build capacity and capture more value in supply chains.

Panamanian President José Raúl Mulino speaks at the Panama-Vietnam Business Forum on October 7 in Hanoi. (Photo: VNA)

Vietnam, Panama seek to expand economic cooperation

In the presence of President Mulino, VCCI and the Chamber of Commerce, Industries and Agriculture of Panama signed a memorandum of understanding (MoU) to strengthen cooperation, enhance trade and investment promotion programmes, and support bilateral investment and trade.

Ministry updates on Vietnam-US reciprocal trade agreement talks

Ministry updates on Vietnam-US reciprocal trade agreement talks

The US is one of Vietnam’s major trading partners and holds paramount importance to the country’s exports. The conclusion of the bilateral trade agreement will help establish a stable and balanced trade framework toward sustainable development and open up greater opportunities for cooperation between the two countries.

MICE visitors enjoy services at Song Be Golf Resort in Ho Chi Minh City. (Photo: VNA)

Ho Chi Minh City shifts MICE tourism from venues to experiences

Ho Chi Minh City boasts significant advantages for MICE tourism, with the central area offering strengths in finance, trade and services; Binh Duong in industry, exhibitions and business connectivity; and Ba Ria-Vung Tau and Con Dao in marine tourism, resorts, ecology and distinctive experiences.