VOV.VN - Vietnam has become the world's second largest shrimp supplier, with export value accounting for 13-14% of the globe's total shrimp export value.

Vietnam’s export turnover is estimated to reach US$29.3 billion in June, a month-on-month rise of 4.5%, which shows that the market is gradually recovering thanks to trade promotion activities, according to the General Statistics Office.

Despite a downward trend in aquatic product exports in the first half of 2023, the lower pace of month-on-month decline is giving hopes for a recovery in the remaining months of this year.

The export turnover of agro-forestry-aquatic products in the third quarter of 2023 is expected to be equivalent to the figure in the same period last year, and is likely to see positive growth in the fourth quarter, said Deputy Minister of Agriculture and Rural Development Phung Duc Tien.

VOV.VN - A total of seven items posted export turnover in excess of US$1 billion during the first half of the year, according to figures released by the General Statistics Office (GSO).

VOV.VN - Shrimp exports are forecast to hit roughly US$3 billion as the first five months of the year witnessed shrimp exports rake in US$1.2 billion, a drop of 34% compared to the same period from 2022, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

VOV.VN - Vietnamese shrimp exports are anticipated to rebound from the third quarter of the year to make up for a prolonged drop from August 2022, said Truong Dinh Hoe, general secretary of the Vietnam Association of Seafood Exporters and Producers (VASEP).

The shrimp industry needs a general solution from the production of shrimp seeds to the processing stage to achieve this year's shrimp export target.

VOV.VN - East year sees the Republic of Korea (RoK) import over 100,000 tonnes of shrimp worth between US$800 million and USS$1 billion, with Vietnamese shrimp products always accounting for the highest market share at over 50%.

VOV.VN - Vietnamese shrimp exports are anticipated to undergo a series of challenges caused by the global inflation and economic downturn this year, leading to a decline in consumption demand in major markets, according to details given by the Vietnam Association of Seafood Exporters and Producers (VASEP).