Shrimp exports likely to reach US$3.9 billion this year

Vietnamese shrimp exports are anticipated to enjoy an annual rise of 4% to reach roughly US$3.9 billion for this year, according to statistics given by the Vietnam Association of Seafood Exporters and Producers (VASEP).

At the online conference on December 10

At the online conference on December 10

Moving forward, this figure is expected to increase by 10% to US$4.3 billion by 2022.

Le Hang, deputy head of the Vietnam Association of Seafood Exporters and Producers (VASEP)’s training and promotion centre, said at a December 10 online conference on solutions to develop the shrimp industry in the remaining months of 2021 and for next year.

She underscored the need to keep tabs on the market situation, as well as the capacity of their competitors to develop a strategy aimed at promoting production recovery toward achieving stability and sustainable development.

The Vietnamese shrimp industry boast huge potential to enjoy a greater global market share and has greater advantages in terms of quality compared to its competitors.

Hang noted that at present, Vietnamese whiteleg and black tiger shrimp boast a competitive advantage over other major competitors in large markets, such as the United States, the EU, China, Japan, and the UK. This is mainly due to its high quality of frozen and value added products that are considered to be suitable for all market segments of import markets.

During the event, Deputy Minister of Agriculture and Rural Development Phung Duc Tien stressed that productivity and quality are key to promoting the competitiveness of shrimp products, while suggesting relevant agencies and localities pay closer attention to the input, especially regarding infrastructure in the production chain.

He expressed his confidence that the Vietnamese shrimp industry will surmount challenges caused by COVID-19 and climate change. 

As a result, total output of shrimp will reach 980,000 tonnes and shrimp exports will earn the country between US$3.9 billion and US$4.1 billion next year.

VNA/VOV

Other News

SBV raises short-term capital lending cap to 40%

SBV raises short-term capital lending cap to 40%

The new circular will help credit institutions have more room to provide capital to businesses and investment projects to support high economic growth in the next few years, while increasing flexibility in the SBV’s monetary policy management.

Business confidence in Vietnam rebounds strongly: UOB

Business confidence in Vietnam rebounds strongly: UOB

The study found that 85% of Vietnamese enterprises reported positive business sentiment, a sharp increase from 48% in 2025, when business confidence was weighed down by uncertainties surrounding US tariff policies and related trade developments.

Bac Ninh seeks high-quality foreign investment for sustainable growth

Bac Ninh seeks high-quality foreign investment for sustainable growth

According to Vice Chairman of the provincial People’s Committee Pham Van Thinh, the province aims to maintain stable and sustainable growth, improve the competitiveness of both the economy and local businesses, and make better use of free trade agreements (FTAs) to expand and diversify export markets.

Green building trend flourishes in Ho Chi Minh City's real estate landscape

Green building trend flourishes in Ho Chi Minh City's real estate landscape

The International Finance Corporation (IFC) highlighted the city's dominance in green-certified building floor space in Vietnam, reflecting the rapid expansion of the green building market with 780 completed green buildings encompassing over 18.69 million sq.m by 2025, predominantly certified by EDGE and LEED.

UK supports Vietnam in wind power and green finance development

UK supports Vietnam in wind power and green finance development

The United Kingdom officially announced two new climate cooperation initiatives to support Vietnam in its energy transition and green growth journey. These programs focus on offshore wind power development and the creation of a sustainable green financial ecosystem.

Ample room remains for Vietnam–India logistics cooperation

Ample room remains for Vietnam–India logistics cooperation

The GTTCI expert noted that alongside logistics and integrated warehousing, e-commerce is expected to be a particularly high-growth sector in the coming years. He described it as a multi-billion-dollar market with significant untapped opportunities for cooperation between Vietnam and India.

Exports gain momentum from high-tech growth drivers

Exports gain momentum from high-tech growth drivers

According to the Ministry of Industry and Trade, Vietnam’s exports reached 215.66 billion USD in the first five months of 2026, up 19.5% year-on-year. Twenty-six export items generated more than 1 billion USD in revenue each, including seven with turnover exceeding 10 billion USD.

Vietnam–China crossings see spike in ASEAN fresh produce

Vietnam–China crossings see spike in ASEAN fresh produce

Since the start of the summer harvest season, China's two major border gates with Vietnam, Youyi Guan in Pingxiang and Beilun 2 Bridge in Dongxing, have entered their peak period for handling imports of fresh agricultural and seafood products from member states of the Association of Southeast Asian Nations (ASEAN).

Cargo handling operations at Berths 3 and 4 of the Hai Phong International Gateway Port. (Photo: VNA)

AI reshapes logistics, raising bar for workforce skills

According to the Vietnam Logistics Business Association (VLA), the logistics sector will require around 2.2 million workers by 2030, including 1.6 million employees for logistics service providers and nearly 600,000 personnel supporting logistics operations in manufacturing and trading enterprises.

Robust dispute resolution framework key to Vietnam's IFC ambitions

Robust dispute resolution framework key to Vietnam's IFC ambitions

The development strategy for VIFC-HCMC envisions a comprehensive financial ecosystem encompassing green finance, carbon credits, financial technology (fintech), blockchain technology, digital assets, digital banking and other innovative business models. These highly internationalised sectors involve complex cross-border transactions and sophisticated legal structures.