The Republic of Korea (RoK) is the fifth largest importer of Vietnamese shrimp products, accounting for 10.7% of the country’s total shrimp export value.
Vietnam exported US$323.3 million worth of shrimp to the US in the first half of this year, up 29% year-on-year, statistics show.
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).
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.
Vietnam exported 1.93 billion USD worth of shrimp during January-August, down 8.1 percent from the same period last year, according to the Ministry of Agriculture and Rural Development’s Directorate of Fisheries.
The CPTPP will create a good chance for Vietnamese shrimp exporters to capitalise on the Canadian market, even though the Southeast Asian nation is already the top shrimp supplier there.
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 US$1 billion by 2025.
Coastal localities have reported bumper fishing catches in the first two months of this year, with total seafood catches estimated at 473,900 tonnes, up 2.2 percent year on year, according to the Ministry of Agriculture and Rural Development (MARD).
The Vietnam Association of Seafood Exporters and Processors (VASEP) has projected shrimp exports to continue gathering momentum this year, particularly in the EU and China.
VOV.VN - Southern Ca Mau Province is focusing on trade promotion to satisfy its yearly target of US$1.1 billion revenue from shrimp exports, according to a provincial official.
Vietnam’s shrimp exports to the EU market reached US$483.6 million in the first eight months of this year, a rise of 30% over the same period last year, making the EU the top market of Vietnamese shrimp, the place which was earlier held by Japan.
The Mekong Delta province of Ca Mau has applied a number of measures to boost the development of the local fishery sector as part of efforts to optimise local advantages.
Price of material shrimp, especially tiger prawn, was on the rise in August, said the Ministry of Agriculture and Rural Development.
The Ministry of Agriculture and Rural Development (MARD) recently issued a decision on tightening the control of disease safety and food safety for shrimp and shrimp products exported to Australia.
The southernmost province of Ca Mau aims to seek more export markets for its shrimp products through intensifying trade promotion activities as an effort to realise the locality’s export target of US$1.1 billion in 2017.
Vietnam shipped to the US US$16 billion worth of commodities in the past five months of this year, up 10% year on year while its imports from the partner reached US$3.94 billion, up 26.3%.
Vietnam earned US$1.56 billion from shrimp exports in the first half of this year, up 15.7% annually, according to the Vietnam Association of Seafood Exporters and Processors (VASEP).
Exports of Vietnamese shrimp products are expected to experience a strong recovery in the first half of this year after a slowdown last year.
(VOV) - The US has cut its anti-dumping tariffs imposed on Vietnamese shrimp sharply to the average level of 0.93% from the previous figure of 6.37%.
Shrimp export value this year is expected to reach US$3.5 billion, higher than last year's $3 billion, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).