Significant efforts needed to realise 4.3-billion-USD shrimp exports

Amid difficulties in export markets, significant efforts are required for Vietnam to meet its goal of 4.3 billion USD in shrimp export revenue this year, said Truong Dinh Hoe, General Secretary of the Vietnam Association of Seafood Exporters and Producers (VASEP).
Significant efforts needed to realise 4.3-billion-USD shrimp exports ảnh 1Illustrative photo (Source: VNA)

Soc Trang (VNA) - Amid difficulties in export markets, significant efforts are required for Vietnam to meet its goal of 4.3 billion USD in shrimp export revenue this year, said Truong Dinh Hoe, General Secretary of the Vietnam Association of Seafood Exporters and Producers (VASEP).

He attributed the obstacles to global fluctuations over armed conflicts, climate change, tightening food safety requirements by importing countries, and high inflation in the US.

Data from the Vietnam Directorate of Fisheries under the Ministry of Agriculture and Rural Development (MARD) showed the total brackish water shrimp farming area was 747,000 hectares last year, with total output exceeding 1 million tonnes, up 8.5% year-on-year.

Currently, the country houses 2,294 hectares of shrimp breeding area, which turned out 159.5 billion shrimplets in 2022, an annual increase of 10%.

This year, Vietnam aims to expand its shrimp farming area to 750,000 hectares for more than 1 million tonnes in output and 4.3 billion USD in export revenue.

Trinh Trung Phi, a technical director at the Vietnamese shrimp company Viet Uc, highlighted the importance of sustainable technological solutions in the growth of the sector.

Significant efforts needed to realise 4.3-billion-USD shrimp exports ảnh 2At a conference on shrimp sector development held in Soc Trang at the beginning of March 2023. (Photo: VNA)

MARD Deputy Minister Phung Duc Tien said that in order to reach the target, shrimp farm communities should connect with each other and with associations engaging in the production chain to ensure the smooth operation of the whole chain. They should work to strengthen food safety inspection and thus enhance the quality of the products for domestic consumption and export.

In addition, it is necessary to strictly implement regulations in farming conditions, farming registration, and quality of animal feed, and improve the weather forecast accuracy to prevent risks for farmers, he said.

He advised businesses and farmers to build suitable plans and prepare conditions to become proactive in production amid extreme weather and environmental conditions such as drought, saltwater intrusion, and shrimp diseases, as well as a hike of input material costs. They should connect to each other in the production chain to cut costs while applying high production standards such as VietGAP, GlobalGAP, and ASC, he added./.

VNA

See more

Illustrative image (Photo: VNA)

Vietnam remains Singapore’s third-largest seafood supplier in 2025

Data released by the Accounting and Corporate Regulatory Authority of Singapore (ACRA) show that Singapore spent 125.5 million SGD (97.7 million USD) importing seafood from Vietnam last year, up 10.7% year on year, accounting for 10.3% of the city-state’s total seafood import market.

Workers assemble mobile phone components at Diem Thuy Industrial Park in the northern province of Thai Nguyen. (Photo: VNA)

Electronics exports surpass 107 billion USD in 2025

With an export turnover of 107.75 billion USD in 2025, computers, electronic products and components not only maintained their position as Vietnam’s largest export by value, but also contributed more than half of the overall increase in the country’s export turnover in 2025.

Experts said that Vietnam’s economic outlook continues to be underpinned by stable foreign direct investment inflows and public investment, which is playing an important role in driving growth. (Photo: thoibaotaichinh.vn)

Foreign investors maintain strong confidence in Vietnam’s market

Looking ahead to 2026, prospects remain bright as manufacturing, economic growth and foreign investment in Vietnam are expected to stay robust, with the country forecast to post the highest growth rate in the region this year, according to Adam Sitkoff, Executive Director of the American Chamber of Commerce (AmCham) in Vietnam.

Toy production at a Hong Kong-invested factory (Photo: VNA)

Vietnam targets deeper market penetration in Hong Kong in 2026

Vietnam-Hong Kong trade hit 62.3 billion USD in the first 11 months of 2025, soaring 73.1% annually. Vietnamese exports to Hong Kong amounted to 36.8 billion USD, a 90.6% hike, ranking fourth among Hong Kong’s import sources, while imports from Hong Kong stood at 25.5 billion USD, up 52.9% and ranking third.

Vietnam’s start-up market enters restructuring phase

Vietnam’s start-up market enters restructuring phase

In 2026, venture capital inflows into Vietnam’s start-up ecosystem are expected to recover gradually, though in a more selective manner. VinVentures forecasts that capital will focus on start-ups that have survived the rigorous screening of 2024–2025, possess clear business models, strong commercialisation capacity, and the ability to generate real cash flows.

Workers process tra (pangasius) for export (Photo: VNA)

Vietnam–Singapore trade continues to thrive

For the year as a whole, Vietnam retained its position as Singapore’s 10th largest trading partner. Bilateral trade reached a record high of nearly 40 billion SGD, up 26.2% from the previous peak of 31.67 billion SGD recorded in 2024.