Illustrative photo (Source: VNA)

Hanoi (VNA) – Vietnam has so far this year exported 243.2 million USD worth of shrimp to the Republic of Korea (RoK), a surge of 29.8 percent year on year, reported the Vietnam Association of Seafood Exporters and Producers.

The RoK is currently the fifth largest market of Vietnamese shrimp after the EU, Japan, China and the US.

In 2007-2016, Vietnam’s shrimp exports to the RoK enjoyed strong growth, with the country a stable market where shrimp are sold at a high price.

The Ministry of Agriculture and Rural Development views the RoK as a promising market with opportunities for domestic shrimp exporters amidst difficulties in traditional markets such as the US and the EU.-VNA