Higher Seafood Export Quality

SUNday - 27/06/2010 21:52
Soc Trang – a Mekong Delta province that is a key supplier of aqua products, especially shrimp – is taking a range of measures to support enterprises to push up exports to traditional and new markets.
Higher Seafood Export Quality

Higher Seafood Export Quality

Soc Trang is home to 33 aquaculture investment projects, mostly domestic ones, whose combined capital is over VND1,750 billion, or more than US$83.3 million.
Investment in seafood needed
The province’s strong agriculture and fisheries sectors are partly attributable to the Mekong Delta’s rich land and good climate. Official statistics show that more than a third of Soc Trang’s 67,102ha under aquaculture cultivation in 2011 was for intensive and semi-intensive farming, without total output of 142,045 tons.
Aquaculture for export plays a key role in the province’s master plan to improve the provincial economy in some rural and difficult areas.
Soc Trang has already completed the zoning of key shrimp farming areas in Long Phu, My Xuyen, Cu Lao Dung and Tran De districts and Vinh Chau Town. These are really stable and rich farming sources securing material supplies for seafood processors and exporters.
The provincial leaders are committed to issuing more comfortable and accessible policies, one-stop procedures and better investment promotion programs to call for more domestic and foreign investors to the province.
In 2011, the province’s total export revenue was US$476.54 million. In 2012, however, the figure declined to US$409.104 million. Seafood was the major export item, accounting for 91.90% of total export sales, followed by rice with 6.65%.
In particular, frozen shrimp export sales reached US$310.97 million in 2012, down 15% versus 2011. The main cause of the decline was lower import demands of key markets such as the U.S. (down 20.28%), the EU (down 12.13%) and Japan (down 40.08%). Besides, shrimp export prices also dropped.
In the first half of this year, shrimp export revenue totaled US$141.75 million. Its main markets were the U.S. (42.86%), Japan (26.36%), the EU (11.71%), Canada (5.52%) and Korea (4.78%).
More seafood export
To cope with such difficulties, Soc Trang Province has conducted a series of trade and investment promotions and joined national key trade promotion programs. The highlights include setting up a fund for the province’s trade promotion, supporting enterprises to seek markets and collaboration opportunities, and supplying updates about foreign markets to exporters.
In addition, the province has stepped up trade promotions such as conducting market research and surveys, joining local and international fairs and exhibitions, and organizing fairs and exhibitions. The province also disseminates information such as market forecast and trade barriers to farmers as guidelines in production and processing.
Via its official web portal, Soc Trang posts important information about export activities such as international agreements between Vietnam and foreign markets.
Last but not least, Soc Trang always supports companies’ attempts to improve quality and hygienic conditions of exports, either meeting international standards or saving costs. Enterprises are particularly encouraged to diversify exports, add value to their products and use the internet for marketing and advertising.
Soc Trang is looking to obtain total export sales of US$430 million this year, up 5.11% year-on-year, with seafood estimated to hit US$375 million, up 7.12%.

Source: saigontimes

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