( Mr. Le Van Quang, Chairman of the Board of Directors, General Director of Minh Phu Seafood Joint Stock Company (MINH PHU SEAFOOD CORP) said that the application of "3 on-the-spot" production made the operating capacity of the factories of the company. Minh Phu in Ca Mau and Hau Giang dropped sharply, reaching only 25% of capacity. But thanks to the company's shift to large-sized shrimp production, the output has improved, reaching about 50%. The company is accelerating and expecting year-end orders.

( According to data of Vietnam Customs, as of December 15, 2021, Vietnam's shrimp exports reached $3.7 billion, up 3.7% over the same period in 2020. Shrimp exports for the whole year in 2021 are estimated at about 3.88 billion USD, up 4% compared to 2020. In which, exports to the US and EU markets continue to record good growth rates.

2021 is considered by Sao Ta Food Joint Stock Company (FIMEX VN) to be the most successful year of shrimp farming in the company's 10-year history.

VASEP Office has just released the REPORT ON SHRIMP SECTOR IN 2016-2021 AND FORECAST TO 2025, with over 90 pages. I have read it many times, feeling that this is a rather elaborately edited document, with a lot of practical information and quite suitable outlooks, so I feel it is necessary to contribute a little more to promoting the book. This REPORT gives those of you who are participating in the shrimp value chain a little more necessary baggage for your very arduous natural path.

( According to Customs statistics, in November 2021, shrimp exports of the country increased by 16% to over 366 million USD. In which, exports to major markets increased sharply: to the US increased by 24%, to Korea increased by 19% and the most breakthrough was to the EU market, up 86%. By the end of November 2021, the country's shrimp exports reached 3.55 billion USD, up 3.4% over the same period in 2020.

( To help shrimp exporters and importers grasp the whole picture of Vietnam's shrimp production and exports and its position in the world shrimp industry picture over the past 6 years along with a forecast to 2025, VASEP releases its Industry Report. shrimp 2016-2021 and forecast to 2025.

(seafood. CPTPP is the second largest market for Vietnam's imports after the US, accounting for 25% of Vietnam's total shrimp export value to shrimp markets. As of November this year, Vietnam's shrimp exports to the CPTPP market were estimated at US$905.2 million, down 0.2% over the same period. Vietnam's shrimp exports to the main markets in the CPTPP block tend to recover in the year-end period.

( CP Vietnam and PAN Group have just signed a strategic cooperation agreement, thereby committing to support each other in expanding and developing business activities, exploiting the best potential of the market and strengths in the traditional business field.

( After a sharp decline in August and September this year, Vietnam's shrimp exports in October 2021 reached nearly the same export value of the same period last year with 425.3 million USD, slightly down 1.5%, but compared to September 2021, shrimp exports increased by nearly 38%.

( In order to contribute to ensuring the rights and interests of producers and consumers when using the GI of Ca Mau black tiger shrimp, the Department of Science and Technology of Ca Mau province has just issued the Regulation on control of geographical indications "Ca Mau" for the province's black tiger shrimp.

(seafood. Despite the Covid-19 epidemic, Vietnam's shrimp exports in the last months of 2021 are still on the growth track after a period of stagnation. This has contributed to increasing the price of raw shrimp in the Mekong Delta. By the end of October 2021, Vietnam's shrimp export turnover reached 3.2 billion USD, up 2.6% over the same period last year.

( After slowing down in the third quarter due to the impact of Covid 19, business activities of enterprises in the Mekong Delta, including Minh Phu Corp (MPC), have been active again since October. Minh Phu has started a chain of 3 processing factories. seafood processing plants, including Minh Phat, Minh Quy and Minh Phu with the same capacity of 18,000 tons/year and Quang Minh Packaging Factory with a capacity of 5,000 tons/year.

( EU is Vietnam's second largest shrimp import market, accounting for 15%. Since the beginning of the year, Vietnam's shrimp exports to the EU market have recorded a good growth rate. It is forecast that the EU's shrimp import demand in the last months of this year will continue to increase.

( Korea is Vietnam's fifth largest shrimp import market, accounting for 9.5% of Vietnam's total shrimp export value. Vietnam's shrimp exports to this market, after declining in August due to social distancing to prevent the Covid-19 epidemic, showed signs of recovery in September and the first half of October this year.

( The US is the largest single import market for Vietnamese shrimp. The demand for US shrimp imports from Vietnam has been quite stable since the outbreak of the Covid-19 pandemic. Vietnamese shrimp in the US market is becoming more and more competitive when India (the largest supplier of shrimp in the US) also faces many barriers due to the Covid epidemic. The market share of Vietnamese shrimp in the US increased from about 8% (2020) to nearly 10% in the first 9 months of 2021.


Ms Kim Thu


Tel: 84.24.3771.5055 (ext 203)

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