Companies
Export of shrimp goes sustainable
Published
4 weeks agoon
Concluding last year with a sale growth of up to 25 per cent, higher than the industry average, Sao Ta Foods JSC expects to maintain this performance this year and in years to come.
Ho Quoc Thinh, chairman of the board at Sao Ta Foods, stated that although the opportunities for the shrimp industry to break through in 2025 are not clear due to the long-term decline in shrimp prices, diseases causing slow growth in shrimp, and the tight supply of raw material shrimp in the second half of last year, the tariff benefits from the signed free trade agreements (FTAs) have brought brighter opportunities for shrimp exporters.
“Vietnamese shrimp currently holds a top position in markets like Japan, South Korea, and Australia, and is in the top two in Europe, partly due to the impact of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership,” he said. “In the coming years, the advantages from FTAs will help the shrimp industry maintain its development speed, thus strengthening the position of the Vietnamese shrimp brand.”
Sao Ta Foods, with more than 25 years of experience in shrimp exports, is among the top three Vietnamese shrimp exporters to the US, while also holding a strong market share in South Korea, Australia, the EU, and Japan. In 2024, the company recorded sales of nearly $260 million, a 25 per cent increase compared to 2023, exceeding the set plan by 19 per cent.
According to the Vietnam Association of Seafood Exporters and Producers (VASEP), shrimp exports in 2024 grew by 15 per cent, reaching $4 billion. Shrimp and basa fish are the two main export items, contributing up to 60 per cent of Vietnam’s total seafood export turnover.
China, the US, Japan, the EU, and South Korea are the five main export markets, accounting for 76 per cent of Vietnam’s shrimp exports. Meanwhile, smaller export markets such as Russia, Canada, Australia, the UK, and Taiwan also show significant potential in the long term. Shrimp exports to Japan in 2024 reached $517 million, a 1 per cent increase compared to the previous year, but still maintained growth due to the recovery of the yen.
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There is now added focus to apply a circular economy model and optimise resources, photo Le Toan |
Bearing costs
Phung Thi Kim Thu, shrimp market expert at the VASEP, commented that the Vietnamese shrimp industry will have many growth opportunities this year thanks to positive signals from international markets.
“Last year, the US Department of Commerce announced the results of its investigation into anti-dumping and countervailing duties on frozen warm-water shrimp imports. The tariffs that Vietnam will have to bear are significantly lower than those of direct competitors like India and Ecuador,” Thu said.
A comprehensive economic agreement signed between Vietnam and the United Arab Emirates has also eliminated tariffs on many of Vietnam’s key products, opening a promising new chapter for the seafood industry, particularly Vietnamese shrimp, in the Middle Eastern market.
Despite these advantages, Thu noted that the shrimp processing and export industry still faces numerous challenges regarding sustainability due to the shortage of raw material shrimp.
“Raw material shrimp is expected to be in short supply until the end of the first quarter of this year. Processing companies will have to buy raw shrimp at high prices, but the price of finished shrimp must compete fiercely with cheaper shrimp from other countries, leading to a decline in business efficiency,” Thu said.
“With the current raw material purchase price, each shrimp processing company could lose up to $2 per kg of finished shrimp,” she added.
Strategic commitments
According to Tran Dinh Luan, general director of the Department of Fisheries under the Ministry of Agriculture and Rural Development, the shrimp industry needs to accelerate the application of high technology and develop a sustainable value chain, from breeding, farming, to processing and export.
“The shrimp industry development strategy towards 2030 sets an export target of $14-16 billion, with an annual growth rate of 10-15 per cent. To achieve sustainable growth, comprehensive solutions, including supportive policies, trade promotion, and technology improvements, are crucial,” Luan emphasised.
Viet Uc Seafood JSC, a company with over 20 years of experience in shrimp farming, has stated that despite the constantly fluctuating market and increasingly stringent international standards, the group remains committed to its strategy of a closed-loop value chain for the shrimp industry and the application of advanced technology in farming and processing shrimp.
“The focus of this strategy is to apply a circular economy model, optimise resources, and minimise environmental impact in all activities, from hatchery production, farming, processing to distribution. This helps us achieve a balance between expanding production scale and protecting the environment,” said a representative from Viet Uc.
Thanks to this model, Viet Uc not only reduces waste and protects water sources, which are crucial factors in the aquaculture industry, but also reduces dependency on natural resources. The model helps increase production efficiency, enhance brand value, and meet the expectations of demanding international markets.
“With a long-term vision, Viet Uc believes that controlling and managing the quality of the entire shrimp value chain will gradually enhance the quality and brand of Vietnamese shrimp on the global seafood map. On this journey, we believe sustainability is not only a responsibility but also the key to exceptional growth,” the representative from Viet Uc Seafood said.
According to data from the VASEP, the area of brackish water shrimp farming in 2024 reached 737,000 hectares, including 622,000ha for black tiger shrimp and 115,000ha for white-legged shrimp, with a production volume of 1.2 million tonnes, a 5.3 per cent increase compared to 2023.
It is estimated that by the end of 2025, the area of brackish water shrimp farming will reach 750,000ha, a 1.8 per cent increase from 2024, and production will reach 1.2 million tonnes, a 2 per cent increase compared to the previous year.
The VASEP forecasts that shrimp exports in 2025 could reach $4.3-4.5 billion. Vietnam’s seafood exports in 2024 hit over $10 billion, up 12.1 per cent from 2023. The shrimp industry contributed 40-45 per cent to the total value of Vietnam’s seafood exports, equivalent to about $4 billion annually.
Le Dinh Huynh, general secretary, Vietnam Sustainable Shrimp Alliance According to the 2024 year-end report, Vietnam’s shrimp exports reached $4 billion. This is a positive signal as Vietnam continues to maintain good growth momentum in China and the United States. According to Shrimp Insights.com in 2024, the average annual growth rate of the US market reached 12 per cent, creating momentum for 2025. However, the shrimp industry still faces immediate challenges such as loose supply chain linkages, limited growth momentum in the farming stage, and relatively high farming costs compared to leading countries in the region such as India and Ecuador. With various risks posed by climate change, diseases, volatile prices, and a lack of capital for reproduction, the market is forecasted to face a severe shortage of shrimp raw materials by at least the end of the first quarter of 2025. The driving force behind Vietnam’s shrimp output in the short term is still deeply processed whiteleg shrimp. However, in the long term, Vietnam needs to pay special attention to improving the production of tiger shrimp, considering tiger shrimp as a catalyst for sustainable growth in the shrimp industry and gradually building the Vietnamese shrimp brand with native tiger shrimp products. According to forecasts, the market is still under pressure from inflation, wars, and political instability, but market signals are gradually improving as the demand for sustainable, environmentally friendly shrimp products is on the rise. Technical barriers in the market, both voluntary and mandatory, are also being tightened with integrated standards following the trends of green economy, circular economy, and carbon emission reduction. These are major challenges for expanding sustainable shrimp farming and ecological shrimp farming models in Vietnam in terms of compliance costs and transparency in production, especially product traceability. Based on market signals, the Vietnam Sustainable Shrimp Alliance has been continuously mobilising resources to encourage the expansion of sustainable shrimp farming and environmentally friendly shrimp farming models in Vietnam. We have enhanced the capacity of stakeholders, step by step, to enhance supply chain transparency, product traceability, and implement environmentally friendly shrimp farming technology solutions to reduce emissions. The development of sustainable mangrove-shrimp farming models has supported livelihoods for local people by increasing the value of products from the mangrove ecosystem, reducing pressure from shrimp farming on the health of this ecosystem. This model also helps maintain and enhance biodiversity, providing motivation for the sustainable development of the industry to meet international market barriers both now and in the future. |
Source: https://vir.com.vn/export-of-shrimp-goes-sustainable-122883.html
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Hanoi to renovate Hoan Kiem Lake area for park development
Published
11 hours agoon
March 12, 2025The renovation project will involve extensive surveys to assess key architectural landmarks, historical sites, and cultural icons that warrant preservation.
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The commercial centre building, commonly known as the ‘Shark Jaw’ (Ham Ca Map) building, at Dong Kinh Nghia Thuc Square by Hoan Kiem Lake. (Photo: VNA) |
Hanoi – Vice Chairman of the Hanoi People’s Committee Duong Duc Tuan has requested a renovation plan for the eastern side of Hoan Kiem Lake, envisioning it as a special square and park zone.
The renovation project will involve extensive surveys to assess key architectural landmarks, historical sites, and cultural icons that warrant preservation. The aim is to propose new functions for the facilities to ensure they blend harmoniously with the area’s scenic landscape and historical significance.
On March 11, Tuan instructed the Department of Finance to swiftly establish a working group responsible for planning and revamping the Hoan Kiem Lake area, including the iconic Dong Kinh Nghia Thuc Square. It must draft a document on the investment policy for the special square and park zone and submit to the permanent members and the Standing Board of the municipal Party Committee by March 13, 2025.
To support the plan, the Department of Agriculture and Environment has been assigned to provide a detailed 1:500 scale topographic map of the area for the Hoan Kiem district People’s Committee and the Hanoi Urban Planning Institute. Additionally, the department will compile cadastral data to facilitate site clearance, compensation, and support mechanisms. Adjustments to land use plans should also be proposed to ensure seamless project implementation.
The project will also include a three-level underground space beneath the eastern side of Hoan Kiem Lake. This underground development will connect to the C9 station of the Nam Thang Long – Tran Hung Dao metro line. Measures will be taken to safeguard nearby heritage structures during the construction process, while functions for underground spaces will be proposed to optimise land use and meet public demand.
Tuan urged all departments to accelerate their proposals to execute the project. The development will unfold in two phases: the initial phase will involve the construction of the above-ground park and square using public investment, while the second phase will introduce underground facilities integrated with the C9 metro station following the Transit-Oriented Development (TOD) model.
To address the needs of displaced residents, the Department of Agriculture and Environment has been tasked with proposing maximum compensation policies. Eligible households will be offered resettlement land in the outlying district of Dong Anh. Meanwhile, resettlement housing will be sold to those not qualifying for land compensation.
In anticipation of resettlement demand, the city is fast-tracking a review of approximately 100ha of land in Dong Anh district to ensure sufficient space for resettlement efforts linked to this and other major development projects in Hanoi.
Companies
Zebra Technologies announces new strategy for 2025 in Vietnam
Published
14 hours agoon
March 12, 2025Zebra Technologies Corporation, a global leader in digitising and automating frontline workers, is looking to expand in Vietnam by anchoring on an extensive network of partners, continued investment, and a comprehensive portfolio of solutions.
The company announced its 2025 strategy for Vietnam with the three pillars at its Regional Partner Summit 2025 held in Danang on March 5, underscoring its commitment to empowering partners and customers in Southeast Asia.
Talking to VIR at the event, Christanto Suryadarma, sales vice president for Southeast Asia, South Korea, and Channel APJeC at Zebra Technologies, said, “We are seeing significant interest and opportunities for Vietnam to leapfrog in technology adoption. We are continuing to invest in enabling our customers in Vietnam to access the right solutions. That is our primary investment.”
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Christanto Suryadarma, sales vice president for Southeast Asia, South Korea, and Channel APJeC. Photo: PV |
“We are continuously investing in training local Vietnamese partners on how to help customers digitise and automate. This is an ongoing investment. We conduct training sessions, provide demo units, and run proof-of-concept projects,” he added.
With a comprehensive portfolio of solutions, including everything from simple scanning devices to mobile computers, tablets, RFID, and machine vision, Zebra offers tailored solutions to meet the diverse needs of businesses in Vietnam to excel in a digital era.
Suryadarma noted, “Overall, our investments focus on strengthening our presence, expanding our capabilities, and enabling knowledge transfer. We equip our team and partners with the expertise they need so that when they engage with customers, they can offer well-prepared solutions.”
Zebra now has strong partners across Vietnam, as well as Vietnamese companies operating internationally. The company also has a repair and maintenance depot in Vietnam, where it has invested in training local workers.
Zebra opened its first service centre in Ho Chi Minh City in 2021. In 2022, Zebra expanded the centre to meet rising demand for printers, adding support for desktop, mobile, label, and industrial printers. Collaborating with distributors like SMC and Elite Technology, Zebra has developed a diverse partner ecosystem in Vietnam.
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Christanto Suryadarma, sales vice president for Southeast Asia, South Korea, and Channel APJeC at Zebra Technologies. Photo: PV |
“Vietnam is a crucial market for Zebra. Our strong team and extensive certified partner network are dedicated to delivering industry-specific solutions to our customers,” said Suryadarma. “Leveraging our global expertise and innovative solutions, we aim to support all companies operating in Vietnam, across sectors like manufacturing, retail, transportation, logistics, and healthcare, to overcome challenges and achieve digital transformation.”
The 2025 strategy shows Zebra’s long-term commitments in Vietnam. According to Zebra Technologies, its strategy is deeply linked to megatrends – external factors that shape the tech industry. These include mobility and cloud, AI, digitalisation and the Internet of Things, e-commerce, and automation.
To continue offering a comprehensive portfolio of advanced solutions, innovation is at the heart of Zebra Technologies where it invests heavily in business development and research and development. Last year, the company’s revenue was approximately $5 billion, of which it allocated about 10 per cent towards innovation.
“Innovation allows us to continuously develop new technologies and solutions that address real-world challenges. By leveraging mobility, cloud computing, scanning, RFID, and other technologies, we can provide real-time tracking and insights to meet the growing business demands of optimising workflows, improving efficiency, and enhancing decision-making,” the Zebra representative noted. “Our goal is to seamlessly connect all these elements – assets, people, and activities – through enterprise mobile computing. The more we can connect frontline workers, the better we can enhance business operations.”
Commitment to innovation has positioned Zebra Technologies as the leader in rugged mobile computing. While consumer mobile computing – laptops and smartphones – is widely used, Zebra dominates the enterprise mobile computing space, particularly in rugged devices designed for business-critical operations.
Another area where the company is very strong is data capture. Today is the era of AI. But for AI to work effectively, it needs data—clean, accurate data. As the company specialises in data capture, it is in a strong position to align with AI-driven market trends.
Along with data capture, the company is also the leader in barcode printing. Many businesses need barcode labels. These labels are used in countless industries. In Vietnam, for example, it’s becoming common in restaurants where instead of taking orders manually, customers simply scan a barcode on the table to access the menu.
Another area where Zebra holds the number one position is mobile RFID. RFID stands for radio frequency identification. This is a fast-growing business, and today, the world consumes approximately 30 billion RFID tags annually.
Key industry trends for 2025
Manufacturing, transport and logistics, and retail are the areas where Zebra is deeply involved.
Suryadarma said that manufacturing is a major industry in Vietnam. Zebra’s machine vision and AI solutions can significantly enhance manufacturing operations. He sees a lot of potential in helping businesses improve efficiency and productivity through automation and smart technology.
“We recognise the trends in this sector. Now, we are seeing many economic uncertainties, trade discussions, and shifting policies that are prompting manufacturers to focus on incremental, scalable improvements rather than sweeping transformations. Manufacturers want to automate their processes, but they are looking for cost-effective modernisation strategies. This requires new approaches and scalable automation tools for success,” he admitted.
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Zebra Technologies’ 2025 Regional Partner Summit in Danang. Photo: PV |
In transport and logistics, companies are now balancing onshore and offshore solutions while also ensuring sustainability. They would rather not generate excessive waste; instead, they want to reduce carbon footprints and implement greener supply chain practices. This shift requires greater visibility and real-time insights.
In logistics, the market sees a growing interest in AI, RFID, real-time tracking, and new visibility technologies. These are becoming increasingly important. For example, Vietnamese company Nhat Tin Logistics has implemented Zebra’s scanning solutions, improving speed, efficiency, and productivity in scanning and delivery operations.
Moving on to retail, customer expectations and labour shortages are two major challenges in this industry. This is where technology is making an impact.
“With Vietnam’s large population, retail is booming. We’re seeing a lot of automation in retail. For example, many cafés now use digital solutions – customers scan a QR code, place orders, and receive their items seamlessly. Many retailers have already adopted RFID to enhance customer experience. While we cannot disclose specific names due to customer confidentiality, we can confirm that RFID adoption is happening in Vietnam,” he added.
An example is in warehouses. When people walk into a warehouse, they do not just see shelves of products, they see workers constantly moving, picking, sorting, and delivering items. These workers are the backbone of warehouse operations. Similarly, in hospitals, nurses and doctors are on the front line, caring for patients and ensuring smooth medical operations.
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Many regional partners joined the summit. Photo: PV |
Healthcare is another key area of growth. Similar to other countries, people in Vietnam increasingly expect better healthcare services, both from government and private hospitals. Digitalisation plays a crucial role in improving healthcare efficiency.
“With nearly 8 per cent GDP growth last year, the challenge now is how to push Vietnam’s growth even further. Maybe one day, Vietnam can reach 10 per cent or even higher. It is not impossible, but it comes down to the people, the partnerships, and strong leadership across all organisations,” he noted.
Vietnam is to work with the United States on ways to reach a trade balance and circumvent the latter’s heavy tariff imposition.
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Vietnam is improving local products and origin of goods information, photo Le Toan |
Later this week, Minister of Industry and Trade Nguyen Hong Dien will fly to the US to work with its Department of Commerce on further materialising the comprehensive strategic partnership forged in 2023.
“The main reason for the trade imbalance between the two countries comes from the complementary nature of the two economies, which is due to the export and foreign trade structure of the two countries,” said Deputy Minister of Industry and Trade Nguyen Sinh Nhat Tan at last week’s governmental press conference in Hanoi.
“Vietnamese exports to the US compete with those from third nations, not directly with US enterprises in the US market. Meanwhile, they even also create conditions for American consumers to use Vietnamese goods at cheap prices,” Tan added.
According to the Ministry of Industry and Trade (MoIT), Vietnam is an open economy which pursues a free trade policy. The tariff difference on US goods is not high and may decrease in the future because Vietnam will reduce most favoured nation tariffs on many types of goods.
“Therefore, a number of US products with high competitive advantages such as automobiles, agricultural products, liquefied natural gas, and ethanol will benefit from this policy,” Tan said. “At the same time, it will create positive import flows from the US, contributing to improving the trade balance between the two.”
In addition, there is an ongoing policy dialogue on trade and investment between the two countries under the Vietnam-US Trade and Investment Framework Agreement founded in 2007. Therefore, existing problems in bilateral trade and economy, if any, will be proactively discussed through the US-Vietnam Council on Trade and Investment.
This is a mechanism that has created a common vision, contributed to the long-term direction, and stabilised the development of bilateral economic and trade relations, the MoIT said.
In addition, the Vietnamese government has taken the initiative in assigning ministries and sectors to review obstacles to the US “on the basis of fair trade, reciprocity, in accordance with the law, harmoniously and satisfactorily meeting the interests of all parties”, the ministry added.
“Vietnam will also create better conditions for US investors to participate in the process of forming and developing key industries in Vietnam, especially key energy projects involving new energy, hydrogen, and nuclear power,” Tan explained. “This will create a premise to increase imports of liquefied natural gas, fuel, machinery and equipment, and technology from the US, thereby contributing to improving the trade balance between the two countries.”
Via the US Embassy to Vietnam and the country’s counterpart in the US, the MoIT has sent a message that Vietnam wishes to maintain and develop a harmonious and sustainable economic and trade relationship of mutual benefits with the US. At the same time, Vietnam reaffirmed that it has and will never create any policy that hurts labourers or the national security of the US.
Since returning to office in January, US President Donald Trump has launched a sweeping series of tariffs, marking a return to the aggressive trade policies of his first term. The measures reflect the administration’s broader effort to protect domestic industries and address what the president views as unfair trade practices.
According to Asia Briefing, a subsidiary of Dezan Shira & Associates, as a major supplier of goods to the US, the tariffs could significantly impact Vietnamese exporters.
“It is also possible that Vietnam will become the target of country-specific tariffs, as the country has a large trade surplus with the US and has previously been accused by the US administration of engaging in unfair trade practices,” Asia Briefing said. “However, Vietnam may be able to mitigate the impact by striking a deal with the US, especially if it agrees to increase imports of American goods or ease market access for businesses from the US.”
However, Adam Sitkoff, executive director of the American Chamber of Commerce in Hanoi, told VIR that it was too early to gauge the impact of tariffs. In the past month, Vietnamese officials have repeatedly said they would seek compromises with the US on trade.
“This is likely to include promises of additional aeroplane purchases, boosting Vietnam’s imports from the US of liquefied natural gas, better market access for American agricultural products, and an adjustment of some regulations to make it easier for US companies to access the Vietnamese market,” Sitkoff said.
He suggested that Vietnam should take some necessary actions, including creation of more transparency in the origin of goods and increasing local content, and doing more to solve burdens and barriers faced by American companies and investors here.
Vietnam’s exports to the US reached $119.6 billion last year and $19 billion in the first two months of 2025.
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