(vasep.com.vn) Shrimp exporting enterprises in 2021 are getting a push from the FTAs and the remove of the US anti-dumping tax on Vietnamese biggest shrimp exporter. Although the seafood trade has not escaped the impact of the pandemic, the shrimp industry is forecasted to continue to grow thanks to the FTA push, especially with the experience of adapting to market changes from 2020.

Positive signs have been seen in shrimp exports since the beginning of this year and alongside a host of favourable conditions regarding market demand, the target of earning 4 billion USD from exports has been deemed “within reach”.

(vasep.com.vn) The draft of Vietnam fisheries development strategy to 2030 and vision to 2045, focuses on the farming sector, including shrimp, pangasius, and marine fish ... Therefore, in this decade, Vietnam fisheries are expected to have a better growth rate. Last year, although the Covid epidemic had quite a serious impact on the global seafood supply chain, the processing and export of Vietnamese shrimp still prospered. From 2020 to early 2021 a series of new shrimp processing factories were inaugurated, signaling a new period of optimism for the Vietnamese shrimp industry.

(seafood.vasep.com.vn) The Department of Industry and Trade of Ca Mau province said that the shrimp processing and export situation of the province in early 2021 has been more positive, the processing output and export volume have both increased.

The Minh Phu Seafood Joint Stock Company announced on February 17 that US Customs and Border Protection (CBP) has cancelled a decision issued on October 13, 2020 on the imposition of anti-dumping tariffs on the company’s frozen shrimp products exported to the US.

The Minh Phu Hau Giang Seafood JSC (in Hau River Industrial Park in Hau Giang Province’s Chau Thanh District) in early January exported its first batch of shrimp in eight containers to the EU, the US, and Japan at prices 4-5 percent higher than in the Asian market.

The Cửu Long (Mekong) Delta province of Cà Mau plans to maintain its shrimp farming area at 280,000ha between 2021 and 2025, with an increased output.

(vasep.com.vn) Raw shrimp prices being higher made shrimp farmers excited and boldly expand their farming areas. That is a reason for Bac Lieu province to expect seafood export in 2025 to reach 1 billion USD. Bac Lieu is one of the leading shrimp production and export provinces in Vietnam.

(vasep.com.vn) In the early days of 2021, prices of black tiger shrimp and whiteleg shrimp surged. According to VASEP, shrimp prices are likely to continue to roar in 2021 despite the Covid-19 epidemic continuing.

(vasep.com.vn) Bac Lieu is step by step towards the application of the highest technology in shrimp farming. The province has established a high-tech agricultural zone for shrimp development in Bac Lieu with the aims: Plays a role as an underpin to guide and replicate high-tech shrimp farming models of the province, Ca Mau Peninsula, Mekong delta, and the whole country; performs as the core and driving force for "Building Bac Lieu to become the hub of the national shrimp industry".

(seafood.vasep.com.vn) Vietnam's shrimp exports in 2021 are likely to jump by 15% compared to 2020, the export turnover is expected to reach over US$4 billion thanks to advantages over competitors, the participation in free trade agreements, etc.

(vasep.com.vn) At 10 am on January 5, 2021, the ceremony to export the first batch of 160 MT of shrim to markets was solemnly organized by the Ministry of Agriculture and Rural Development in Hau Giang.

(seafood.vasep.com.vn) Vietnam's shrimp export reached nearly US$385 million in Sep 2020, an increase of over 25% compared to September 2019, the highest growth rate since March 2020. In the first 9 months of this year, shrimp exports reached US$2.7 billion, up 10.5% over the same period in 2019. Except for January, shrimp exports kept continuous growth from February to September.

(seafood.vasep.com.vn) Vietnam shrimp exports to the UK as of September 15, 2020 reached $161.2 million, up 15% over the same period in 2019. The UK is also considered one of the import markets of Vietnamese shrimp that perform well and seem to is not affected much by the Covid-19 epidemic since the beginning of the year until now.

Vietnam’s shrimp exports are forecast to reach 3.7 billion USD this year, posting an year-on-year increase of 9.8 percent.


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