Grobest Vietnam’s new sustainable farming model is expected to boost Vietnamese shrimp’s value in the international market.
The comprehensive Grofarm model was introduced to the global shrimp community during the 2023 Shrimp Summit in Ho Chi Minh City last month.
With a success rate of over 80%, the model was highly acclaimed by the conference participants as a comprehensive solution for high-tech shrimp farming in increasingly challenging conditions.
Currently, Asian and global shrimp industries are facing concerns ranging from stagnant production to ensuring growers’ livelihoods.
In Vietnam, environmental issues have destabilized the shrimp farming market, while domestic price surges have hindered export and processing activities, putting immense strain on the industry’s competitive edge.
Amidst these challenges, the 2023 Shrimp Summit, organized by the Center for Responsible Seafood (TCRS), emerged as a pivotal industry event.
According to the TCR, Vietnam was chosen as this year’s summit venue for its important seafood economy and central position in Asia.
The summit, held over two days on July 24 and 26, brought together hundreds of experts and business leaders spanning the entire global shrimp value chain.
Its primary objective was to facilitate a platform for stakeholders to unite, exchange knowledge and experiences, and tackle challenges through dynamic discussions and collaborative efforts, with a focus on promoting sustainability and adaptation to climate change.