Shrimp exports to reach 3.4 billion USD in 2023: VASEP

Vietnam’s shrimp exports in the first 11 months of 2023 are estimated at 3.15 billion USD, a decrease of 22% year on year, the Vietnam Association of Seafood Exporters and Producers (VASEP) has reported.
Shrimp exports to reach 3.4 billion USD in 2023: VASEP ảnh 1Shrimp exports are forecast to reach 3.4 billion USD in 2023 (Photo: VNA)

Hanoi (VNA) – Vietnam’s shrimp exports in the first 11 months of 2023 are estimated at 3.15 billion USD, a decrease of 22%year on year, the Vietnam Association of Seafood Exporters and Producers(VASEP) has reported.

The turnover of country’s export of the product topped 310 million USD in November, an increaseof 3.5% year on year. 

VASEAP has forecasted that shrimp exports in 2023 will be 3.4 billion USD, 21% lower than 2022’s figure.

Shrimpexports are still influenced by price competition in the context of excessive supply and low selling prices in the world. Exports to most of majormarkets were lower than the same period last year, except for some smallmarkets.

TheUS remained Vietnam’s largest importer, followed by Japan, the UE, and theRepublic of Korea (RoK).

According to VASEP, shrimp prices will see upward trends in the remaining timeof the year in the EU, Southeast Asia and the Far East as major festivals are coming.

TheCentre for Digital Transformation and Agricultural Statistics under theMinistry of Agriculture and Rural Development said that in the first 11 monthsof 2023, the aquaculture output is estimated to reach over 4.9 million tonnes, up4.2% over the same period in 2022.

Thecentre revealed that raw shrimp prices in the Mekong Delta provinces increased in November 2023, especially for large-sized shrimp, butthe supply was not much due to a decrease in prices./.

VNA

See more

At an automotive exhibition in Shanghai, China. (Photo: AFP/VNA)

Chinese electric vehicles drive back into Vietnamese market

About a decade ago, Chinese car brands like Zotye Z8, Beijing X7, and Brilliance V7 entered the Vietnamese market to limited success. But a new fleet of modern Chinese vehicles began to gain traction in the Vietnam market last year.

Illustrative image (Photo: VNA)

Nearly 16 trillion VND raised through January bond auctions

The January auctions saw a strong preference for 10-year and 15-year bonds, representing 80.2% and 14.8% of the total, respectively. Specifically, 10-year bonds raised 12.81 trillion VND, while 15-year bonds garnered 2.36 trillion VND.

Thang Long ferry at Cau Da port in Ba Ria - Vung Tau province. (Photo: VNA)

Vung Tau - Con Dao high-speed ferry reoperated

The high-speed ferry service connecting Vung Tau city and Con Dao island in the southern province of Ba Ria-Vung Tau and vice versa was resumed on February 7 by Phu Quoc Express JSC after a 5-month suspension.

At the working session between the Vietnam Directorate of Market Surveillance and the US Embassy over counterfeit Sunview-branded raisins in Hanoi on February 7. (Photo: dms.gov.vn)

Vietnam, US tackle counterfeit Sunview-branded raisins

Statistics showed that since 2024, there have been 27 documented cases involving Sunview raisins, resulting in fines of over 536 million VND (21,440 USD), primarily due to the sale of smuggled goods and products of unclear origin.

The VF3 model manufactured by VinFast is the most popular model in Vietnam's market. ( Photo courtesy of the company)

EVs will no longer be exempt from registration fees

Instead of enjoying a zero percent registration fee, battery-powered electric vehicles (EVs) will be required to pay 50% of the fee applicable to internal combustion engine cars with the same seating capacity.

Thuan An Fishing Port (Photo: tuoitrethudo.vn)

Thuan An fishing port opens, boosting Hue’s seafood industry

The second docking area of Thuan An Fishing Port has a minimum cargo handling capacity of 20,000 tonnes per year, and is capable of simultaneously accommodating 500 fishing vessels of at least six metres in length for docking and storm shelter.

Vietnamese prefer buying gold to mark God of Wealth Day (Photo: VNA)

Gold prices up again on God of Wealth Day

Gold prices surged significantly, exceeding the threshold of 90 million VND (3,550 USD) per tael at the opening session of the God of Wealth Day on February 7 (the 10th day of the first lunar month).