Vietnamplus

The Mekong Delta city of Can Tho will for the first time host the VietShrimp, the fair on technology in the shrimp industry of Vietnam, on March 25-27 next year.

Aquatic products are subject to a lot of incentives in the European Union – Vietnam Free Trade Agreement (EVFTA), according to experts.

Although the US Department of Commerce (DOC)’s announcement of zero-percent antidumping tariffs on 31 Vietnamese shrimp exporters is just a preliminary decision and the official ruling is still to come, the transparency of Vietnamese businesses has been proven, an official has said.

The Mekong Delta province of Kien Giang will promote the application of advanced technologies in shrimp farming on large scale under its master plan on shrimp development until 2025.

Rising production costs are harming the competitiveness of Vietnamese seafood products, according to experts. These include the prices of feed, material input, electricity and labour.

Vietnam now ranks fourth globally, first in Southeast Asia and second in Asia in terms of exports of seafood, and its products are now available in over 170 countries and territories worldwide.

Vietnam sets a target of earning 4.1-4.2 billion USD from shrimp exports this year, higher than 3.6 billion USD recorded in 2018, according to the Directorate of Fisheries under the Ministry of Agriculture and Rural Development (MARD).

The fisheries sector is aiming at 10 billion USD in the export of aquatic products in 2019, a year-on-year rise of 11 percent, according to the Vietnam Association of Seafood Exporters and Producers.

The fisheries sector is aiming at 10 billion USD in the export of aquatic products in 2019, a year-on-year rise of 11 percent, according to the Việt Nam Association of Seafood Exporters and Producers (VASEP).

Vietnam’s shrimp exports are expected to increase to more than 4 billion USD in 2019 thanks to free trade agreements, said 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).

Vietnam’s shrimp exports are expected to increase to more than 4 billion USD in 2019 thanks to free trade agreements, said the Vietnam Association of Seafood Exporters and Producers (VASEP).

The fisheries sector is aiming at 10 billion USD in the export of aquatic products in 2019, a year-on-year rise of 11 percent, according to the Directorate of Fisheries under the Ministry of Agriculture and Rural Development.

Minister of Agriculture and Rural Development Nguyen Xuan Cuong has called for more efforts to push aquatic product export turnover to 10 billion USD in 2019.

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.

A delegation from the Israeli city of Nazareth, led by its Deputy Mayor Youset Ayad, worked with authorities and toured shrimp farms in the Mekong Delta province of Bac Lieu on July 6, seeking partnership opportunities for importing shrimp.

The southernmost province of Ca Mau is striving to earn 2.5 billion USD from shrimp exports, and become the largest shrimp breeding hub in the country by 2025.