First Vietnamese shrimp farm meets sustainability standards

Vietnamese shrimp exporter Quoc Viet in the southern province of Ca Mau has become the first company in Asia to receive an Aquaculture Stewardship Council (ASC) certification.
Vietnamese shrimp exporter Quoc Viet in the southern province of Ca Mauhas become the first company in Asia to receive an AquacultureStewardship Council (ASC) certification.

Twenty-two hectares of the company's shrimp ponds have met ASC's environmental and social standards.

One of Vietnam's biggest shrimp exporters, the company has made major efforts in recent years to meet ASC's standards.

Founded in 1996, the company aims to produce 20,000 tonnes of shrimpthis year and up to 25,000 tonnes next year to supply customers in theUS, Japan, EU, Australia, Canada and the Republic of Korea.

The World Wide Fund for Nature (WWF) Vietnam, in cooperation with theSustainable Trade Initiative (IDH), has been working with Quoc Viet andother companies to help them achieve ASC certification.

Theparticipating companies also source shrimp from local small-scale farmsthat are seeking ASC certification in the future. Three more farmscovering 150 hectares are expected to receive ASC certification by theend of this year.

WWF will continue to support four additional companies and four small-scale farmer groups to achieve ASC certification.

Vietnam is the third biggest exporter worldwide of farmed shrimp, witharound 90 per cent of its total volume exported globally.

"With ASC certification, the farms can gain access to the internationalmarket and, in particular, European countries that demand responsiblyproduced and certified products," said Esther Luiten, ASC's commercialmarketing manager.

Thirteen shrimp farms from Vietnam and Ecuador have taken part in the ASC Shrimp Standard programme.

Through ASC certification, shrimp farms aim to reduce adverse impacton the environment and local communities by preserving wetlands andmangroves; address the transfer of viruses, and reduce disease; bringclean water and ensure the sustainable use of water; ensure theresponsible use of feed; and address biodiversity issues.

WWFhelps small-scale farmers and producers meet ASC standards through itsaquaculture improvement projects, by helping them improve theiroperations and capacity.

After farms meet the ASC standards, WWF links them to companies in the market that value ASC certification.

The Dutch-based Sustainable Trade Initiative established the Farmersin Transition (FIT) fund, a co-funding programme aimed at upscaling theproduction of responsibly farmed shrimp, tilapia and pangasius.

The programme partners - retail, food service and supply chaincompanies - have helped producers improve farming practices and haveactively engaged governments, industry and other stakeholders in theproducers' respective countries.-VNA

See more

Consumers shop at the WinMart Vo Thi Sau supermarket in Hanoi's Hai Ba Trung district. (Photo: VNA)

Hanoi keeps CPI well under control

The CPI for the first quarter of 2025 increased by 2.75% compared to the same period last year, indicating that inflation remains well under control.

Vietnam’s KRX trading system is set to go live on May 5. (Photo: VietnamPlus)

Vietnam to launch KRX trading system on May 5

The KRX system is currently in its final testing phase before full implementation. During this period, securities firms are conducting simulated trading sessions as if on a normal trading day.

Vietnam has proactively reviewed and adjust tariffs, particularly on US imports, as part of efforts towards balanced trade relations. (Illustrative photo - Source: VNA)

Vietnam reviews, adjusts import tariffs to promote trade balance

The Ministry of Finance is now working closely with other agencies to evaluate policy options that support businesses. Possible solutions include market diversification, supply chain optimisation, and leveraging opportunities from Vietnam’s existing free trade agreements.

Illustrative photo (Photo: VNA)

Retail petrol prices up in latest adjustment

Under the new pricing structure, E5 RON92 and RON95-III have increased by 341 VND and 495 VND per litre to a maximum of 20,373 VND (0.79 USD) and 20,919 VND per litre, respectively.

The Lumitel brand is being promoted on walls across Burundi. (Photo: Viettel)

Lumitel – A bright spot in Vietnam-Burundi collaboration

After a decade of operations, Lumitel has become the leading telecommunications provider in Burundi and one of the largest contributors to the Burundian government's budget, providing stable employment for over 60,000 workers and indirectly creating around 100,000 jobs.

Belarusian Deputy Prime Minister Anatoly Sivak speaks at the forum. (Photo: VNA)

Ample room remains for Vietnam - Belarus trade cooperation

To further develop the Vietnam-Belarus economic and trade relationship, it is essential to enhance trade promotion and investment initiatives such as trade fairs, forums, thematic workshops, and trade connections, which serve as an important bridge for businesses from both sides to meet, connect, and seek cooperation opportunities.

The 5th Exhibition of Ho Chi Minh City and Friendship Provinces and Cities in Savannakhet takes place from April 2 to 6. (Photo: VNA)

Vietnam, Laos boost trade at Savannakhet expo

Vice Governor of Savannakhet Saensak Soulisak highlighted the exhibition’s role in expanding trade collaboration, enabling businesses to connect, share experience, and explore investment prospects. He also noted its significance in promoting local products to a wider market.

Visitors at the exhibition (Photo: VNA)

Vietnam Expo 2025 opens, spotlighting digital transformation, innovation

This year’s edition, themed “Step together in a digitised world,” has attracted around 400 businesses from 18 countries and territories, with over 500 booths. Alongside traditional networking, it introduces online business-to-business (B2B) matching, enabling year-round connections.

Prime Minister Pham Minh Chinh speaks at the second meeting of the National Steering Committee for building the private economic sector development project (Photo: VNA)

Private sector encouraged to join major national programmes, projects

It must fully unleash the productive capacity and resources of the country through the private sector; mobilise all private resources for national development; harness the effectiveness of internal forces, including human, natural resources, history, and culture, while effectively combining them with external resources such as capital, technology, human resources, and management experience, he said.

At the annual Vietnam-Cambodia business dialogue in Phnom Penh on April 4 (Photo: VNA)

Annual Vietnam-Cambodia business dialogue held in Cambodia

The annual business dialogue in Cambodia attracted around 150 delegates, including Vietnamese businesses and Vietnamese-origin companies operating in Cambodia across various sectors such as finance, banking, insurance, telecommunications, agriculture, construction, interior design, food services, transportation, logistics, trade, healthcare, and tourism.

Rice is one of Vietnam's exports to Cuba. (Photo: VNA)

Vietnam-Cuba Business Forum held in Hanoi

Addressing the event, Cuban Ambassador Rogelio Polanco Fuentes affirmed that Cuba will always stand alongside the Vietnamese Government and business community in their efforts to achieve the challenging target socio-economic goals.