Employees at a prawn processing factory. (Source: baochinhphu.vn)

Hanoi​ (VNA) – The export of prawn saw a year-on-year increase of 8.5 percent in the first two months of this year, earning the country 378.4 million USD, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

The increase was greatly attributed to the strong growth in the two major markets - the United States and China-Hong Kong.

Prawn export to the United States went up 24.8 percent against the same period last year following the tariff cut from 6.37 percent to 0.91 percent as a result of the ninth Period of Review (POR9) on anti-dumping duty on Vietnam’s frozen shrimp.

The China-Hong Kong posted an even greater increase at 36.5 percent, making it the second largest export market for Vietnamese shrimp.

The strong growth of the two markets helped offset the decrease in the European Union, Japan, the Republic of Korea and Canada.

The export price of prawn rose by 4 to 5 percent.-VNA