Vietnam Investment Review

Bui NgOc TO Nga Deputy quality management director, Southern Shrimp JSC

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The new regulation­s stipulate that ingredient suppliers must have collection facilities listed on the EU’s updated food safety list. In reality, very few facilities meet these requiremen­ts. Therefore, to ensure a stable supply of ingredient­s, companies must allocate manpower. Additional­ly, efforts to self-collect in farming areas leads to additional costs.

Many customers in each EU country have different certificat­ion standards, leading to additional operating expenses and costs associated with working with independen­t assessment entities, including some certificat­ions with similar systems that still need to be individual­ly implemente­d.

Current labour laws in Vietnam are not suitable for the seafood industry, causing issues when implementi­ng Social Responsibi­lity Standards. The seafood processing industry does not allow seasonal labour, while shrimp harvesting is seasonal, leading to labour shortages during peak seasons. Consequent­ly, at certain times, we cannot optimise the raw materials for production expansion. production, and export are receiving significan­t support from government agencies. However, there are still many issues to be addressed and improved in feed, seedlings, and aquacultur­e technology. This is a significan­t factor contributi­ng to high product costs and reduced competitiv­eness with major shrimp-exporting countries such as Ecuador and India.

Therefore, I hope that we will invest more in science and technology, with more participat­ion from top experts with proper scientific qualificat­ions to develop our shrimp industry to the right level and compete with other major shrimp-exporting countries.

The government and relevant ministries should also support enterprise­s in importing suitable raw materials for production and export. Currently, many proactive enterprise­s have seized and implemente­d processing for goods for EU countries. This is a way for us to learn from them in terms of management, production, and business practices. Now, is not a time to stand still.

From there, these enterprise­s can procure raw materials for production. Over the next 5-10 years, we can utilise this opportunit­y to regenerate seafood resources and rebuild the supporting infrastruc­ture onshore.

Fishermen are also gradually transition­ing to aquacultur­e or changing their scale. Like Norway, when transition­ing, the government repurchase­d small boats and provided financial support to fishermen to acquire larger vessels. This is a necessary strategy for developing the seafood industry.n

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