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%.
Vietnamese shrimp exports are anticipated to enjoy robust growth this year thanks to an array of advantages from bilateral and multilateral free trade agreements (FTAs), according to the Directorate of Fisheries.
With robust export growth in both the United States and the EU markets last year, there are bright prospects ahead for Vietnamese shrimp exports in 2022, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
The country ranked fifth in terms of shrimp exports to the United States last year, with the nation being among one of the shrimp suppliers to this market to enjoy positive growth.
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).
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).
Vietnamese shrimp exports surged by 14% to reach US$2.2 billion during the opening seven months of the year, especially in markets which have signed Free Trade Agreements (FTAs) with the nation thanks to the implementation of preferential tariffs.
The Vietnam Association of Seafood Exporters and Producers (VASEP) has asked the Government to strengthen the control of temporary imports for re-export of shrimp from India and Ecuador.
The Ministry of Agriculture and Rural Development has asked People’s Committees of cities and provinces with large areas of shrimp farms to employ different solutions in order to reach targets set in the national action plan for the development of the shrimp industry through 2025.
