Vietnam transforming prawn market, by Greg Earl, Australian Financial Review, 17 October 2016.

An edited extract of the original article is reproduced below.

The… Vietnam Australia Seafood Company, by some estimates, is now the world’s largest prawn seedstock producer with plans to make Vietnam a global aquaculture powerhouse.

And the key to its success creating a fully integrated, traceable prawn export business in little more than a decade has been the application of Australian aquaculture technology and products on a scale not possible in Australia.

“I think this is just very, very logical,” says the company’s vice-president Steven Luong Phu Si of the way the family business has used Australian expertise to develop the sort of sophisticated food export industry that Vietnam needs to move up the development chain.

The CSIRO has been the key Viet-UC partner initially in helping it develop a prawn seedstock hatchery operation, then by helping build a feed industry based on CSIRO’s Novacq product, now in the prawn production stage and potentially in other forms of aquaculture such as catfish…

And Chau Ta, who heads the Australia Chamber of Commerce in Vietnam, says agriculture offers huge potential for Australian investors and technology because Vietnamese businesses are just now shifting their attention to better quality food production.

“That’s something we in Australia are very good at,” she said at the launch of the Australia Vietnam Young Leadership Dialogue in Sydney…