In 2025, the Mekong Delta province of Bac Lieu aims to earn 1.2 billion USD from exporting shrimp, one of the key export products that accounts for over 95% of its total export value.
Vietnam’s shrimp exports in October reached US$394 million, a strong 24% increase year-on-year, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
The Mekong Delta province of Bac Lieu is striving for over 1 billion USD in shrimp export revenue this year, said Chairman of the People’s Committee of Bac Lieu Pham Van Thieu.
To enhance its competitiveness and weather difficulties, Vietnam's shrimp industry is exerting stronger efforts and capitalising on every advantage to develop, according to insiders.
While Vietnam’s shrimp export was on downward trend in August, tra fish posted an impressive export growth, reported the Vietnam Association of Seafood Exporters and Producers (VASEP).
As one of the leading shrimp raisers in Vietnam, where seafood products are a key export, Viet-Uc Group and AquaEasy have announced an official commercial partnership, applying AI technology in local shrimp ponds.
Seafood shipments overseas have risen in the first half of 2022, and experts say Tra fish exports can increase the market share in the EU, while that of shrimp has a lot of room for growth in Canada.
Vietnam’s fishery export hit 1 billion USD in May, up 27 percent year-on-year but down from the 1.1 billion USD recorded in the previous month, the Vietnam Association of Seafood Exporters and Producers (VASEP) reported.
Vietnam’s shrimp export earnings will hit around 3.9 billion USD this year, up 4 percent from 2020, according to Le Hang, Deputy Director of the Vietnam Association of Seafood Exporters and Producers (VASEP)’s Training and Trade Promotion Centre (VASEP.PRO).
There are now many favourable conditions for shrimp export, including growing prices - an important factor for processors and exporters to swiftly recover after a long social distancing period.
Vietnam’s shrimp export turnover hit 2.8 billion USD in the first nine months of 2021, up 2.7 percent year-on-year, the Vietnam Association of Seafood Exporters and Producers (VASEP) reported.
Seafood exports are expected to fetch 2.1 billion USD in the second quarter, a year-on-year increase of 10 percent, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
Export value of aquatic products reached 405 million USD in February, pushing the figure in the first two months of 2021 to over 1 billion USD, up 2.2 percent over the same period last year, reported the Vietnam Association of Seafood Exporters and Producers (VASEP).
The Minh Phu Hau Giang Seafood JSC (in Hau River Industrial Park in Hau Giang Province’s Chau Thanh District) in early January exported its first batch of shrimp in eight containers to the EU, the US, and Japan at prices 4-5 percent higher than in the Asian market.
As shrimp exporters and farmers in Ca Mau are feeling COVID-19 headwinds, the southernmost province is seeking ways to mitigate impact of the pandemic that is ravaging around the world.
Shrimp exports to Australia increased strongly in 2019, expanding at a two-digit growth rate, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).