Vietnamplus

The northern province of Quang Ninh has outlaid enormous resources over recent years to develop its aquaculture sector, with advanced technologies now being applied.

Vietnam's shrimp industry expects to increase exports this year end because of a rise in demand, according to the Vietnam Association Seafood Exporters and Producers (VASEP).

Shrimp exports to Canada as of mid-May had reached 54.7 million USD, a 32 percent rise year-on-year, following steady increases since 2016, aside from a slight dip last year, according to the Vietnam Association of Seafood Exporters and Producers.

Shrimp exports and prices in the southernmost province of Ca Mau re showing signs of recovery after being heavily affected by the COVID-19 pandemic.

Shrimp prices have plummeted in the Mekong Delta since global demand has been hit severely by the COVID-19 pandemic.

Vietnamese shrimp exporters are hoping for a better year after their shipments fell 5.4 percent year on year to 3.36 billion USD in 2019, according to insiders.

The fisheries sector in 2020 will focus on granting certification to brackish shrimp farms (tiger shrimp and white-leg shrimp), tra fish farms and aquaculture in cages, Director of the Directorate of Fisheries Tran Dinh Luan said.

Sufficient material supply for processing plants is expected to help the seafood industry rake in 9 billion USD in export revenue in 2019, said the Ministry of Agriculture and Rural Development.

Vietnam’s export of aquatic products in July showed positive signs with an increase of 9 percent year-on-year, particularly with exports of shrimp and other products rising, except for pangasius.

After nearly 40 years of farming and exporting, Vietnam shrimp has become one of the main export items of the agricultural sector.

The European Union (EU) was the largest market of Vietnamese shrimp in the first two months of 2019, according to the Vietnam Association of Seafood Entrepreneurs (VASEP).

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).

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 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 has many opportunities to increase white-leg shrimp exports to the European Union (EU) in the future, according to the Vietnam Association Seafood Exporters and Producers (VASEP).

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.

Export revenue of aquatic products in August hit 739 million USD, pushing total earnings in the first eight months of 2018 to 5.5 billion USD, up 5.3 percent year on year, reported the Ministry of Agriculture and Rural Development (MARD).

Accelerating agricultural restructuring towards national-scale, high-tech production has become a key goal for the central coastal province of Binh Thuan as it aims to reach an average 3.3-3.8 percent annual growth for its agro-forestry-fishery sector during the 2018-2020 period.

The price of material shrimps is forecast to recover in August and September after suffering drops over the past months, especially in the second quarter of 2018, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

Vietnam’s shrimp industry is expected to gain an export value of 4.8 billion USD in 2018 due to the many advantages of export promotion, experts said.