Businesses, farmers, and management authorities need to develop rational strategies in response to market changes to breakthroughs and achieve the set export revenue target of US$4-4.3 billion for the year, experts have said.
According to the Việt Nam Association of Seafood Exporters and Producers (VASEP), in the first six months of this year, the shrimp export value reached about US$1.6 billion, up six per cent year on year.
According to VASEP, as of February 15, Vietnamese shrimp exports to Australia reached more than US$23 million, an increase of 48 per cent over the same period in 2023.
The trade deal significantly boosted exports of Việt Nam to this market with shrimp exports up by 37 per cent, squid and octopus by 51 per cent and other fishery products by 4 per cent.
To realise the goal, the province will expand the areas of high-tech farming and favourable condition for enterprises and households to boost their production towards sustainable development.
Viet Nam’s pushback of COVID-19 pandemic has helped shrimp exporters raise their competitiveness on the world market, being over other competitors such as India and Ecuador, where are still struggling with the outbreak and not yet able to return to...
Viet Nam gained shrimp export growth to some key export markets in the first quarter of this year, especially Japan and the US, despite the COVID-19 pandemic.
Viet Nam’s fisheries exports are unlikely to meet the US$10 billion target set by the Government for this year because of the multiple challenges like the US-China trade war, lack of demand and increasing competition.
Viet Nam will target at US$4.2 billion in shrimp export value this year, higher than $3.6 billion in 2018, according to the Directorate of Fisheries under the Ministry of Agriculture and Rural Development (MARD).
The domestic shrimp production industry had targeted US$4.2 billion in export value this year, according to the Viet Nam Association of Seafood Exporters and Producers (VASEP).
With mandatory compliance for shrimp and abalone under the US Seafood Import Monitoring Programme (SIMP) coming into effect in a few more months, Vietnamese processors and exporters of the products need to start preparing data sources now, a US expert...