Bac Lieu sets up hi-tech shrimp farming area Sci-Tech

Bac Lieu sets up hi-tech shrimp farming area

Prime Minister Nguyen Xuan Phuc has issued a decision on the establishment and operational regulations of a high technology agriculture area specialised in shrimp development in the Mekong Delta province of Bac Lieu.

Shrimp sector to benefit from Vietnam-RoK trade deal

Vietnam could export 10,000 tonnes of shrimp products to the Republic of Korea at zero percent tax thanks to the free trade agreement (FTA) signed between the two countries in May 2015 and expected to take effect in 2016.

This is seen as a huge advantage for the Vietnamese shrimp sector since rivals from Thailand, Indonesia, and India still have to pay import tariff at 20 percent when shipping the products to the RoK.