Hung Vuong Corporation processes some 800 tonnes of pangasius per day.

uploaded by Simples November 22, 2009 at 11:50 am
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Hung Vuong Corporation processes some 800 tonnes of pangasius per day.  by Simples

Hung Vuong Corporation processes some 800 tonnes of pangasius per day. (Photo: Hung Vuong)

Leading pangasius exporter to enter HCM Stock Exchange

VIET NAM
Friday, November 20, 2009, 23:50 (GMT + 9)

Leading exporter of tra and basa pangasius Hung Vuong Corporation will get on the board of the HCM Stock Exchange next Wednesday with a reference price of VND 55,000 (USD 3.03).

Headquartered in Tien Giang Province, the firm specialises in the aquaculture, seafood processing, animal food production, cold storage and real estate sectors. It operates seven facilities in the Tien Giang, Vinh Long and Soc Trang provinces with a combined processing capacity of 800 tonnes daily.

The company targets a net profit of VND 360 billion (USD 20 million) for 2009 -- a rise of 110 per cent from last year. Profit are expected to reach VND 500 billion (USD 27.6 million) in 2010 and VND 700 billion (USD 38.6 million) in 2011, Viet Nam News reports.

Until 2010, shareholders may receive 30 per cent dividend yearly.

Hung Vuong Corp’s 150ha of aquaculture farms provide for 50 per cent of its demand; plans are in the works to expand the area to 200ha. Co-operation efforts with farmers to source output from another 150ha are already taking place.

The company’s catfish exports in the first nine months of 2009 reached USD 100 million. By year’s end, numbers are anticipated to rise to USD 150 million.

Estimates see Vietnam’s pangasius exports reaching USD 1.2 billion this year. The country’s main markets include Russia, Ukraine and other countries in the European Union (EU) and the Middle East.

Hung Vuong Corp operates a cold storehouse of 42,000 tonnes at HCM City’s Tan Tao Industrial Park. Preparations are in the works for a commercial building and another apartment building project in that city as well.

The company has a charter capital of almost VND 600 billion (USD 33.1 million) with foreign investors owning over 12 per cent. It is one of Vietnam’s top producers and exporters of pangasius products and has been operating since 2003.

This firm is the leading enterprise in processing and trading in pangasius and has expanded from one processing plant to five affiliated plants equipped with the latest technologies and processing facilities. It has branches in Australia and Singapore.

By Natalia Real
editorial@fis.com
www.fis.com

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NP! ID: 2523132
Title: Hung Vuong Corporation processes some 800 tonnes of pangasius per day.
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Created: Sun, 11/22/2009 - 11:50am
Modified: Sun, 11/22/2009 - 12:38pm

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1
Xerife1

Until 2010, shareholders may receive 30 per cent dividend yearly?

Awesome!

Is it possible?

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Saving Whales - Saving dolphins

Great photo!

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Simples

Final Public Comment Period Begins
The Pangasius Aquaculture Dialogue is in the final stage of creating standards for responsible pangasius farming. Review the latest version of the standards document and then give us your feedback. The deadline for providing input is January 20, 2010. The Dialogue's responses to feedback received during the first comment period will be posted here soon.

Interested in participating in the Dialogue?
Fill out our sign-up form
or contact contact Senior Aquaculture Advisor Dr. Flavio Corsin 
flavio.corsin@gmail.com or +84-912-776993.

1
Simples

Aquaculture
Pangasius

The farming of pangasius - mainly tra (Pangasianodon hypophthalmus) and basa (Pangasius bocourti) - is one of the fastest growing types of aquaculture in the world. In Vietnam, where 90 percent of pangasius farming occurs, 1.1 million tons of pangasius were produced in 2008 - a goal the country had set for 2010. Global production of pangasius was just 10,000 tons in 1995.

The growth in pangasius aquaculture is driven, in large part, by the dramatic increased demand for tra and basa in the marketplace. Pangasius is sold to more than 130 countries globally, mainly in the form of white filets. The United States used to be the major market for tra and basa but that has changed over the past few years, as the United States' share of exported pangasius has decreased from 80 percent to 4 percent. European Union countries now dominate the export market, with a share of 35 percent.

Main issues related to pangasius aquaculture

The rapid growth of the pangasius aquaculture industry has raised a number of environmental and social concerns. Eight key issues were identified during the first meeting of the Pangasius Aquaculture Dialogue:

  1. Legal - Farms are sometimes constructed and/or operated outside the legal framework for addressing environmental, social and food safety issues of relevance to the area where the farming occurs
  2. Land use and water use - As new farms are established, sensitive habitat can be destroyed and water often is diverted, which can affect other water users and the environment
  3. Water pollution and waste management - Excess waste can pollute the water and negatively affect plant and animal habitat 
  4. Genetics and biodiversity - Pangasius that escape from aquaculture facilities may compete with wild fish and affect ecosystems, especially in areas where pangasius is not yet established
  5. Feed management - Use of fishmeal, fish oil and trash-fish as pangasius feed is resulting in depletion of food sources that other fish rely on. Also, feeding trash-fish to pangasius can cause unsustainable harvesting and water pollution
  6. Health management, veterinary medicines and chemicals - Pangasius farms are prone to health problems that can impact farmed and wild stocks. Also, the inappropriate use of veterinary medicines and chemicals can have unintended consequences on the environment and human health, such as antibiotic resistance and unsafe products.
  7. Social responsibility/user conflicts - Large numbers of workers are employed on pangasius farms and in processing plants, placing labor practices and worker rights under public scrutiny. Also, conflicts can arise among users of the shared resources

Our solution

WWF's primary approach to minimizing the main issues associated with pangasius aquaculture is to develop measurable, performance-based standards for certifying pangasius aquaculture producers. This process began in September 2007 in Vietnam when the first meeting of the Pangasius Aquaculture Dialogue was held. The Dialogue includes more than 400 pangasius farmers, processors, exporters, traders, retailers, feed and chemical manufacturers, seed suppliers, government agency representatives, nongovernmental organizations, researchers and others. WWF coordinates the Dialogue but has an equal voice in the process.

At the inaugural meeting, Dialogue participants identified the seven key negative environmental and social issues (summarized above) to address. Draft principles, criteria, indicators and standards were developed by Technical Working Groups that began meeting in the spring of 2008. The first draft of principles, criteria, indicators and standards was posted in April for the first of two 60-day public comment periods. Feedback received during that period was discussed at the last meeting of the Dialogue, held in August in Vietnam, and used to revise the document. The second draft of the standards document was posted for public comment on November 20, 2009. Please give us your feedback by January 20, 2010. The standards are expected to be finalized during the first quarter of 2010.

When finalized, the standards will be given to a new organization, to be co-founded by WWF, that will be responsible for working with independent, third party entities to certify farms that are in compliance with the standards. Click here for more information about this organization.

Principles

Dialogue participants have identified guiding principles -- high level goals -- for each of the eight issues associated with pangasius farming.The principles will provide the framework for the criteria, indicators and standards for responsible pangasius farming. The criteria will aim to provide direction on how to reduce each impact and the indicators will address how to measure the extent of each impact. Standards will be quantitative performance levels that evaluate whether a principle is achieved.

The principles associated with each issue are:

  1. Locate and operate farms within established national and legal framework
  2. Farms must be located, designed, constructed and managed to minimize negative impacts on other users and the environment
  3. Minimize negative impacts on water resources
  4. Minimize impacts on the genetic integrity of local pangasius production
  5. Use feed and feeding practices that make efficient use of available feed resources and minimize waste
  6. Implement farm management measures to maximize fish health
  7. Ensure food safety and quality while minimizing the impact to the ecosystem and human health
  8. Develop and operate farms in a socially responsible manner that contributes effectively to rural development and, particularly, poverty alleviation

Learn more

 Learn more about the other aquaculture Dialogues WWF is working on

1
E-promotion

List of reliable pangasius exportor from Vietnam : www.pangasiusexportor.vn

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