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VN’s shrimp exports expected to increase by year-end



Việt Nam expects to promote exports of shrimp at year end due to higher demand on the world market. Photo

HÀ NỘI — Many local seafood export enterprises forecast that the US and European markets will have high demand for importing shrimp at year-end.

Lê Văn Quang, chairman of the Minh Phú Seafood Corporation’s Board of Directors, said that the corporation had signed contracts with partners to supply shrimp until the end of the year. Now, its factory runs at full capacity but there is not enough shrimp supply for customers.

The export markets have high demand for large-size shrimp with 10-30 units per kilo. If farmers harvest shrimp in November, the shrimp would be exported to the European and US markets. After November, the shrimp will be sold to China, Japan, and South Korea, according to Quang.

The selling price of a 20-shrimp kilo is at VNĐ195,000-198,000, so the farmers could gain a profit of VNĐ50-60 million per tonne of shrimp.

According to Võ Quan Huy, chairman of the Mỹ Thanh Shrimp Association in Sóc Trăng Province, shrimp producers and traders in the province said that now they have gained good results in shrimp exports.

The Việt Nam Association of Seafood Exporters and Producers (VASEP) reported in the first seven months of 2021, Việt Nam’s shrimp exports reached US$2.2 billion, up 14 per cent over the same period last year. Of which, shrimp exports reached $584.6 million to the US (up 34 per cent year on year) and $320 million (up 26 per cent) to the EU.

However, domestic shrimp production is facing difficulties, according to the Directorate of Fisheries.

Shrimp production facilities in the Southern localities reduced their output by 30-40 per cent from early July and 50 per cent from August 15. Some of them are even temporarily suspending operations. 

Besides that, in localities applying social distancing measures under the Prime Minister’s Directive 16/CT-TTg, shrimp consumption is currently suspended because the supermarkets and stores must implement those distancing measures or close.

Some shrimp processing factories must stop working or implement the “3 on-site” model, which involves on-site production, dining and rest, so the capacity has decreased, leading to the risk of the domestic shrimp supply chain breaking while the global demand for shrimp is increasing.

Quang of Minh Phú said that it is very difficult to transport shrimp to its processing factories. The difficulty in consuming shrimp means farmers will not have plans for reproduction. Meanwhile, the fourth quarter often sees high demand for shrimp, so there could be a serious shortage of raw materials.

A representative of the Kiên Giang Department of Agriculture and Rural Development said that in the last months of the year, the Directorate of Fisheries and the association should have an assessment and forecast of the consumption market because there is very little information.

A representative of the Sóc Trăng Department of Agriculture and Rural Development said State agencies should have more effective solutions in managing feed prices, and consider a proposal on 10-30 per cent reduction for power bills of shrimp farmers. At the same time, there are loan programmes for processing factories and input suppliers.

The Directorate of Fisheries said the production activity is also on a downward trend, because businesses purchasing, processing, and providing input materials have to temporarily suspend operations due to COVID-19. Therefore, supply of shrimp is forecast to fall in the last months of this year.

Amid the impact of COVID-19, farmers need to participate in production chains to overcome those difficulties. The localities should create favourable conditions and promote purchasing of shrimp from farmers. 

At the same time, it has called on traders and seafood processing factories to continue purchasing shrimp and not to force farmers to sell at low prices at present when the farmers have difficulties in consumption. 

The directorate has also suggested the localities strengthen measures encouraging farmers to continue brackish-water shrimp production. That will help avoid a shortage of raw materials for processing and export in the last months of 2021 and next year. —  



EVN reduces electricity purchases as consumption drops



Because of low electricity consumption, thermopower, hydropower, wind and solar power plants have had to cut their capacity.

EVN reduces electricity purchases as consumption drops

According to the Vietnam Electricity Regulatory Authority (A0), electricity consumption in the country continued to decrease in the first two weeks of September 2021.

The peak daily capacity of the whole country was 29,700MW, while the total output of the entire electricity system was 624.3 million kwh per day.

As such, the country’s electricity consumption in the first half of the month was 24 percent lower than before, when large-scale social distancing began in mid-July and 15 percent lower than the same period last year.

The peak daily capacity in the south in the first two weeks of September was 12,200MW, while the total output was 243 million kwh per day.

The electricity consumption of the southern region during that time was 29 percent lower than before, when social distancing began and 23 percent lower than the same period last year.

To ensure the safe operation of the national electricity system when consumption goes down as a result of social distancing, A0 and local regulatory units have adjusted the mobilization of electricity to the demand of the whole country and every region, while ensuring technical requirements to regulate the national system safely.

“The regulation of the national system must fit the structure of power sources and transmission capacity among regions. The mobilization of electricity sources in the system is always implemented with the principle of transparency and equality, with no discriminatory treatment to the types of electricity sources,” the Electricity of Vietnam (EVN) stated.

EVN has asked owners of power plants to closely cooperate with A0 and local regulatory units and strictly implement commands on electricity mobilization to ensure the safe operation of the national electricity system, especially when consumption decreases as a result of Covid-19.

This means that power plants will have to cut capacity and their electricity would be unsold.

According to EVN, the power generating units that connect and provide electricity to the national grid have the responsibility of strictly complying with the operation method and commands of the regulatory units which have the right to control and examine as prescribed in Circular 40/2014/TT-BCT stipulating the process of regulating the national power system, and Circular 31/2019/TT-BCT that amends and supplements a number of articles of the process. They have to take responsibility for violations of the law.

In related news, EVN Hanoi reported that as of the end of August, it had reduced electricity prices and electricity bills for clients hit by Covid-19, totaling VND329.58 billion. 

Luong Bang


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Ministry investigates evasion of trade remedies for cane sugar



Bags of sugar displayed for sale at a supermarket in Bangkok. — VNA/ Photo Ngọc Quang

HÀ NỘI — The Ministry of Industry and Trade (MoIT) on Tuesday issued a decision to investigate the evasion of trade remedies for cane sugar products originating from Thailand after considering requests from domestic sugar producers.

The ministry said it has received the petition of the Vietnam Sugarcane and Sugar Association (VSSA) and domestic cane sugar refineries, which submitted evidence that Thai cane sugar products subject to anti-dumping and anti-subsidy taxes have entered the Vietnamese market through five ASEAN countries of Laos, Cambodia, Indonesia, Malaysia and Myanmar.

The MoIT officially imposed anti-dumping and anti-subsidy duties on a number of sugar cane products originating from Thailand on June 15, 2021.

Data of local customs agencies shows that the volume of sugar imported from the five above-mentioned ASEAN countries had increased sharply to 527,200 tonnes from 107,600 tonnes after Viet Nam initiated an anti-dumping and anti-subsidy investigation into sugar from Thailand from October 2020 to June 2021.

Meanwhile, the import volume from Thailand has decreased by nearly 38 per cent, from 955,500 tonnes to 595,000 tonnes in the period.

The MoIT has actively coordinated with the VSSA to monitor the import of cane sugar products and actively consulted and assisted the VSSA, as well as the domestic cane sugar industry, in collecting information and data and making a petition to request an investigation into this behaviour. —


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Santorini masterpiece on the most beautiful avenue of Vung Tau downtown

Léman Cap Residence has taken inspiration from paradise island Santorini in Greece to bring the Mediterranean breath to Ha Long street, the most beautiful avenue in the coastal city of Vung Tau.



Project inspired by Santorini Paradise, a destination of Hollywood stars

Santorini is a mainstay on the list of Top 10 paradise islands by the famous American Travel + Leisure Magazine. The island has also been voted as one of the Top 20 most expensive vacation destinations in the world with five-star luxury resorts. It is apparent why many famous Hollywood stars choose Santorini for vacationing.

Rumor has it that “Mrs. Smith” Angelina Jolie once bought a villa right on Santorini island for annual vacations. If you ever get lost here, you will most likely come across Tom Hanks and his wife, Shakira and Pique, or basketball player Michael Jordan. Music star Justin Bieber has also been to Santorini to enjoy the delicious food and wine. The island’s famous specialty is made from grapes grown on the volcanic mountains.

Santorini has always been an irresistible magnet with its characteristic Cycladic architecture, an integral part of the Mediterranean culture. Cycladic architecture is famous for its uniqueness and charm, providing the islands with minimal aesthetics but with a daring style. The most prominent characteristic of this architectural style, are the white washed cube houses built next to and on top of one another.

Léman Cap Residence – a diamond at the most expensive luxury boulevard in the coastal city of Vung Tau
Léman Cap Residence – a diamond at the most expensive luxury boulevard in the coastal city of Vung Tau

Visit Léman Cap Residence – a diamond at the most expensive luxury boulevard in the coastal city of Vung Tau

Visitors looking for a taste of Greece need not go that far anymore. Léman Cap Residence now captures the essence of the paradise island Santorini in its design and architecture. Travel lovers can now visit the made in Vietnam Santorini to admire the beauty of the island on Ha Long Street in Vung Tau.

Ha Long is the most bustling street in Vung Tau with well-developed transport infrastructure surrounded by thousands of five-star entertainment services. Along the avenue lie many famous tourist attractions such as Front Beach, Pineapple Beach, Nghinh Phong Cape, Bai Dau and Bai Sau tourist areas, which welcome millions of tourists every year.

Just a few minutes walk from Léman Cap Residence apartment to Ha Long Street, you can easily access a variety of branded shophouses, specialty restaurants, entertainment services, temples and churches, which are the cultural symbols of Vung Tau. Being located on the central route of the city, visitors can reach other areas quickly and easily via Long Thanh International Airport, Ring Road 4 connecting Vung Tau with the western region, as well as many other highways.

The masterpiece Léman Cap Residence fascinates with its unique Santorini architecture with characteristic white and blue colours. The project offers remarkable and unique ocean views while leaning against the green hills. A forest in the middle of the busy street, Léman Cap Residence is a separate resort complex with green nature, blooming flowers and chirping birds all year round.

Léman Cap Residence is located in Ha Long street - the most beautiful central avenue in the coastal city of Vung Tau
Léman Cap Residence is located in Ha Long street – the most beautiful central avenue in the coastal city of Vung Tau

Léman Cap Residence will leave impression on people with its beauty. Léman Cap Residence is a unique Santorini masterpiece with the immense blue sea in front and the fresh green mountains behind. Meanwhile, the surrounding areas are bustling and colourful entertainment complex. 

Léman Cap Residence: Masterpiece Santorini – A diamond on the most beautiful central avenue in the coastal city of Vung Tau

Hotline: 0918887920




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