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.

( 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.

( 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.

( 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".

( 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.

( 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.

( 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.

( 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.

( In August 2020, Vietnam's shrimp exports reached US$394.6 million, up nearly 12% compared to August 2019. In the first 8 months of this year, shrimp exports reached US$2.3 billion, up 8.4% over the same period in 2019.

( Canada is Vietnam's 7th largest shrimp importer, accounting for 4.8% of the total shrimp export value of Vietnam. In the first eight months of 2020, Vietnam shrimp exports to Canada reached US$110.6 million, up nearly 27% over the same period in 2019. In the first 8 months of this year (except January), Vietnam shrimp exports to Canada continuously recorded double-digit growth in the remaining months.

An app that lets shrimp farmers to track shrimp growth from stocking through harvest, purely by taking pictures on their smartphone, is generating very positive reviews from farmers in Vietnam.

( According to data from Vietnam Customs, in the first 6 months of 2020, Vietnam's shrimp exports to the US reached US$323.3 million, up 29% over the same period in 2019. Despite the affection by the Covid-19 pandemic, Vietnam's shrimp exports to the US grew quite steadily in the first 6 months of 2020. The US was the only market among Vietnam's main shrimp importers to record continuous positive growth in all months of the first half of 2020.

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