Toan Dao

Vietnam has transformed itself into a middle-income country, with its gross domestic product  growing 8.02 percent in 2022, the fastest annual pace since 1997.

According to a 2021 report from McKinsey Global Institute, 75 percent of Vietnam’s population of approximately 100 million people will spend at least USD 11.00 (EUR 10.20) a day by 2030, up from 40 percent in 2021 and less than 10 percent in 2000. Achieving that spending

Dealing with an inflation-ravaged global economy, Vietnamese seafood exporters have not received what they expected to be a major boost from the reopening of China thus far in 2023.

After achieving an all-time record value of USD 11 billion (EUR 10.2 billion) in 2022, Vietnam’s seafood exports have stalled thus far in 2023. In February, Vietnam shipped seafood worth USD 610 million (EUR 565.8 million), up 33.4 percent from January. The

Hyderabad, India-headquartered Avanti Feeds, one of India’s top shrimp-feed producers, has acquired 100 percent of Srivathsa Power Projects, which operates a 17.2-megawatt natural gas-based power plant in the state of Andhra Pradesh.

Avanti Feeds, which already owned 49.9 percent of Srivathsa Power Projects, purchased the remaining 50.1 percent, or 16.7 million shares of the firm on 28 March, at a price of INR 2.30 (USD 0.02, EUR 0.03) per

The government of India, the world’s third-largest fish producer, second-largest aquaculture producer, and fourth-largest seafood exporter, has plans to become an even bigger seafood player.

India's seafood exports have been on an upward trajectory, with a compound annual growth rate (CAGR) of 17.2 percent between 2016 and 2021. Its export value more than doubled to USD 6.68 billion (EUR 6.3 billion) in fiscal year 2020-2021, from USD 2.9

The U.S. Department of Commerce will likely not impose any antidumping duty on shrimp Thai Union imports into the United States from Thailand.

According to the preliminary results of its 17th administrative review of the antidumping duty order on frozen warmwater shrimp from Thailand, the U.S. DOC said it did not find evidence Thai Union sold its shrimp into the U.S. at less than fair value.

The Thai Union group of companies, which includes

The U.S. Department of Commerce (DOC) plans to continue to impose a 3.76 percent tariff on 185 Indian shrimp exporters, following the preliminary results of its 17th administrative review of the antidumping duty order on frozen warmwater shrimp from India.

The review investigated frozen shrimp sales into the U.S. by 187 exporters from India between 1 February, 2021 and 31 January, 2022.

In its preliminary conclusion, the DOC said some frozen

Indonesia has set a target of producing 2 million metric tons (MT) of shrimp by 2024, but some sector experts are skeptical about the feasibility of that goal.

Indonesia was the third largest-aquaculture producer in the world by volume in 2020, after China and India, with much of that production being shrimp. With 18,000 islands and islets, the Indonesian archipelago possesses the third-most coastlines of all countries.

Indonesia has become a

Losses from its Red Lobster affiliate hampered the net profit of Bangkok, Thailand-based Thai Union in Q4 2022, despite the company achieving sales growth, according to its latest results report.

The company reported a net profit of THB 1.238 billion (USD 35.9 million, EUR 33.7 million) for the period spanning October to December 2022, falling 35.9 percent year-on-year. Its net profit for the full year also dropped 10.9 percent

The world’s biggest aquafeed producers are tightening their control over the global shrimp-feed industry.

Acquisitions over the past decade have consolidated the shrimp-feed sector, with Skretting, Cargill, CP Foods, Thai Union, Grobest, Guangdong Haid, BioMar, ADM, New Hope Liuhe, and De Heus emerging as the biggest global players.

They have extended their advantage by establishing a strong emphasis on innovation and technology,