Keyword: "Vietnam's shrimp industry"

Nguyen Duy Hoa, Deputy Technical Director of Cargill Vietnam, said Vietnam cannot compete with Ecuador on costs nor match India in scale. Instead, the country should focus on value rather than volume or price competition, prioritising quality improvement, technology adoption and value-added products.

The EU is a potential market for Vietnam's shrimp industry next year because it is the largest shrimp market in the world, while the shrimp production of this bloc has not met its demand, according to domestic seafood experts.

Intensive processing has served as an effective tool for Vietnamese shrimp exporters to improve their competitive capacity in the context of a steep increase in the global supply which brought down the price and demand for shrimp in major markets.