Vietnamplus

The southern coastal province of Bac Lieu aims to raise shrimp export revenue to 1 billion USD this year, against last year's 853 million USD.

The Vietnamese shrimp industry has made it through a tough year of weakening demand and come out afloat, according to business leaders.

Despite huge challenges, the seafood sector in 2022 posted a new record in export value of 11 billion USD, up 24% year-on-year and 22% higher than the year’s target of 9 billion USD.

The southern province of Ben Tre has set a target to have 36,000 ha of brackish shrimp farming by 2025 and gain about 1.2 billion USD from shrimp exports.

Vietnam raked in 9.5 billion USD from exporting aquatic products in the first 10 months of this year, up 34% year-on-year.

Vietnam raked in 9.5 billion USD from exporting aquatic products in the first 10 months of 2022, up 34% year-on-year, the Vietnam Association of Seafood Exporters and Producers (VASEP) reported.

Vietnam's aquatic product exports reached 900 million USD in October, lifting the country’s total export turnover in the first ten months of 2022 to 9.39 billion USD, a sharp increase of 32.7% compared to the same period of 2021.

Enterprises in the fisheries sector are facing an export slowdown after strong shipments in the first months of 2022, which may subsequently affect their growth in the time ahead.

Shrimp exports are projected to increase by 20 percent on-year in April, the Vietnam Association of Seafood Exporters and Producers has said.

Shrimp exports are projected to increase by 20 percent on-year in April, the Vietnam Association of Seafood Exporters and Producers (VASEP) has said.

Overseas shipments of shrimp products are set to earn more than 4 billion USD in 2022, up 2.56 percent on-year, as heard a conference held on March 11.

Shrimp export value exceeded 3.8 billion USD in 2021, up 3 percent from 2020 and making up around 45 percent of Vietnam’s earnings from the export of fishery products, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

Soc Trang’s shrimp export turnover this year has topped 910 million USD, up 9 percent compared to 2020.

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).

Despite the prolonged COVID-19 pandemic, shrimp exports have remained strong this year, also causing local retail prices to rise in the Mekong Delta.

Over the past one month, the shrimp industry in the Mekong Delta has been exerting every effort to sustain operations and fulfill the signed export contracts while there is not much time left in 2021 and many new COVID-19 infections continue to be recorded in the region.

Vietnam earned 2.19 billion USD from exporting 240,000 tonnes of shrimp in the first seven months of 2021, up 15.5% in volume and 16% in value over the same period in 2020.

Vietnam’s aquatic product exports are likely to rake in 9 billion USD this year thanks to the implementation of new generation free trade agreements, according to experts.

Vietnam’s agricultural sector is focusing on solving difficulties to earn over 4 billion USD from shrimp exports in 2021.

Vietnam’s shrimp export revenue in June hit nearly 402 million USD, bringing the six-month figure to 1.7 billion USD, up 13 percent year-on-year, reported the Vietnam Association of Seafood Exporters and Producers (VASEP).