Việt Nam''s shrimp industry expects to increase exports this year end because of a rise in demand, according to the Việt Nam Association Seafood Exporters and Producers (VASEP).
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 shrimp exports are expected to be strong during the rest of this year because countries tend to import more in the latter months of the year, with the free trade agreements Viet Nam has signed boosting its exports.
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).
Viet Nam’s shrimp exports are expected to grow this year to a value of more than US$4 billion thanks to free trade agreements, said the Vietnam Association of Seafood Exporters and Producers (VASEP).
Viet Nam’s shrimp export value to Canada reached US$27.7 million by March 2018, a year-on-year increase of 16 per cent, according to Viet Nam Association of Seafood Exporters and Producers (VASEP).
Viet Nam’s shrimp industry is expected to gain an export value of US$4.8 billion in 2018 due to the many advantages of exports promotion, experts said.
The US Department of Commerce announced its preliminary results of the 12th administrative review of the anti-dumping order on frozen warm water shrimps from Viet Nam.
Viet Nam’s shrimp industry will become a key economic sector, if the national action plan for the development of the shrimp industry by 2025 that was approved by the Prime Minister meets its targets.
The United States International Trade Commission (USITC) voted to extend anti-dumping duties on the import of frozen warmwater shrimp for five more years on Tuesday.
Prices of raw shrimp have been increasing rapidly in the Cuu Long (Mekong) Delta since early February when shrimp processors returned to work soon after Tet (Lunar New Year), according to the Ministry of Agriculture and Rural Development.
The Ministry of Agriculture and Rural Development (MARD) has set a shrimp export target of US$10 billion by 2030. However, Prime Minister Nguyẽn Xuan Phúc disagreed with this, saying the target is too low and can be reached by 2025....