Vietnamplus

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).

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.

Local shrimp-breeding enterprises have mobilised investment from various sources to expand production in an aim to attract partners from shrimp supply chains from around the world.

Vietnam exported 1.93 billion USD worth of shrimp during January-August, down 8.1 percent from the same period last year, according to the Ministry of Agriculture and Rural Development’s Directorate of Fisheries.

Export revenue of aquatic products in August was estimated at 833 million USD, bringing the result for the first eight months of this year to 5.52 billion USD, a drop of 1.2 percent over the same period last year.

Vietnam’s shrimp export value to China in July saw a year-on-year increase of 48 percent, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

Prime Minister Nguyen Xuan Phuc received leaders of Japanese groups investing in Vietnam in Tokyo on July 1 as part of his ongoing visit to Japan.

Developing globally-recognised Vietnamese shrimp brand is necessary for the agricultural sector to realise a target of 10 billion USD in shrimp export revenue by 2025, according to the insiders.

Exports of aquatic products in the second quarter could increase by 8 percent at the highest, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

The CPTPP will create a good chance for Vietnamese shrimp exporters to capitalise on the Canadian market, even though the Southeast Asian nation is already the top shrimp supplier there.

Minister of Agriculture and Rural Development (MARD) Nguyen Xuan Cuong has asked localities and enterprises to deploy measures to optimise opportunities for the shrimp sector to achieve the goal of 4.1-4.2 billion USD in export in 2019.

The export of Vietnamese shrimps to Japan has shown signs of recovery this year, after a 9.2-percent decrease in 2018.

Vietnam’s shrimp exports to the Republic of Korea are likely to rise 30 percent year on year to approximately 500 million USD in 2019, the Vietnam Association of Seafood Exporters and Producers (VASEP) has predicted.

Vietnam raked in 700 million USD from aquatic exports in January, a year-on-year rise of 15.2 percent, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

Vietnam’s shrimp exports are expected to grow this year to a value of more than 4 billion USD thanks to free trade agreements, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

Prime Minister Nguyen Xuan Phuc has affirmed that the Vietnamese Government will continue to always create favourable conditions for foreign firms to do business in Vietnam, including those from Japan.

The southern coastal province of Bac Lieu has made shrimp farming one of the five pillars for local socio-economic development with the goal of raising shrimp export revenue to 1 billion USD by 2025.

The domestic fishing industry should promote production of tra fish and shrimp by the end of this year to take advantage of the export potential of both commodities on the world market, according to the Ministry of Agriculture and Rural Development (MARD).

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.

The Mekong Delta province of Ben Tre will be developing its shrimp sector’s value chain with intensive farming and advanced technological application, aiming to make it the spearhead of the locality’s industrial production sector by 2025, according to Vice Chairman of the provincial People’s Committee Nguyen Huu Lap.