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.
The Mekong delta province of Ben Tre has set goals to have at least four agricultural value chains worth 1 billion USD, according to a recently-approved project on promoting the export of agro-forestry-fisheries products in the province to 2030.
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).
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.
A batch of 160 tonnes of frozen shrimp products from the Minh Phu Seafood Corporation left port for the US, Europe, and Japan after a ceremony in the Mekong Delta province of Hau Giang on January 5.
Vietnam’s shrimp exports are forecast to reach 3.7 billion USD this year, posting an year-on-year increase of 9.8 percent, fuelled by the EU – Vietnam Free Trade Agreement (EVFTA) which facilitated export to the EU markets, according to Vietnam Association of Seafood Exporters and Producers (VASEP).
The Republic of Korea is the fifth largest importer of Vietnamese shrimp products, accounting for 10.7 percent of the country’s total shrimp export value.
The Republic of Korea (RoK) is the fifth largest importer of Vietnamese shrimp products, accounting for 10.7 percent of the country’s total shrimp export value.
Vietnam gained shrimp export growth to some key export markets in the first quarter of this year, especially Japan and the US, despite the COVID-19 pandemic.
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).
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