Vietnamplus

Vietnam’s shrimp exports are expected to reach between 4.5 – 5 billion USD by 2020, with an annual increase of between 9.5 – 12 percent.

A conference was held in the Mekong Delta province of Soc Trang on March 23 to discuss how to realize the 10 billion USD shrimp export target by 2025 as requested by the Prime Minister.

In the first months of 2017, shrimp export has faced several obstacles such as scarce resource, high prices of raw materials, and more technical and trade barriers in major export markets.

Prime Minister Nguyen Xuan Phuc asked the shrimp industry to strive for an export value of 10 billion USD by 2025 during a conference on shrimp production held in Ca Mau province on February 6.

The Ministry of Agriculture and Rural Development (MARD) has designed a plan to monitor the production chain of safe shrimp for export, aiming to develop shrimp farms to the standards of the OIE.

Vietnam is looking to export frozen raw shrimps to Australia as the country has a great demand of this kind of product, said Deputy Minister of Agriculture and Rural Development Vu Van Tam.

The Vietnam Association of Seafood Exporters and Producers (VASEP) has lowered its forecast for shrimp export turnover to 3 billion USD from 3.3 billion USD in 2016.

Vietnamese shrimp exports to the US expanded 17.4 percent to reach 249.3 million USD in the first five months of the year, according to the Vietnam Association of Seafood Exporters and Producers.

Exports of Vietnamese shrimp products are expected to experience a strong recovery in the first half of this year after a slowdown last year.

Vietnam raked in 1.97 billion USD from aquatic exports in the first four months of this year, a year-on-year increase of 6.2 percent.

The Vietnam Association of Seafood Exporters and Producers (VASEP) said shrimp exports to China reached 64.8 million USD in the first two months of this year.

The Mekong Delta province of Ca Mau is striving to expand its ecological shrimp farming to 45,000 hectares this year, as the model is considered environmentally friendly and promises high productivity

The Vietnam Association of Seafood Exporters and Producers (VASEP) forecasts that shrimp exports will reach 3.3 billion USD in 2016, up 12 percent from 2015.

Vietnam’s shrimp exports to the US in 2016 will rise thanks to positive results from the ninth administrative review (POR9) for anti-dumping duties on Vietnamese frozen shrimp and TPP signing.

Vietnam is likely to earn around 3 billion USD from shrimp exports in 2015, down one billion USD from the previous year, due to falling prices.

The Mekong Delta province of Bac Lieu earned nearly 351 million USD from seafood exports in the first 10 months of this year, 100 million USD higher than that of the whole 2014.

The US Department of Commerce on September 7 announced its final decision on the results of its ninth administrative review for anti-dumping duties on frozen shrimp imported from Vietnam.

Shrimp exports to the US are expected to increase in the last months of 2015 due to low tariffs and high supply, said the Vietnam Association of Seafood Exporters and Producers (VASEP).