Vietnamese shrimp ranks first position in foreign markets

SGGP 11/12/2021 10:06

The Vietnamese shrimp is currently ranking first in many foreign markets thanks to its stable quality and diversity of products from frozen and processed shrimps suitable for all segments of import markets.

However, white-leg shrimp and black tiger shrimp of Vietnam are facing competitiveness in big markets such as the United States, the European Union, China, Japan, the United Kingdom and Australia.

These contents were reported at an online conference about solutions for the shrimp industry development in December, 2021 and 2022 which was held by the Ministry of Agriculture and Rural Development yesterday.

Illustrative photo

The Vietnam Association of Seafood Exporters and Producers reported that Vietnam’s shrimp export turn-over would reach nearly US$3.9 billion, an increase of four percent over 2022 and it was predicted that the export turnover would achieve US$4.3 billion with a surge of around ten percent in 2022.

Speaking at the online conference, Deputy Minister of Agriculture and Rural Development Phung Duc Tien informed that Vietnam was implementing free trade agreements (FTAs) with high requirements and demands from the foreign markets.

Therefore, the enterprises should focus on productivity, quality and shrimp origin traceability from shrimp seed, farmed food, preventive veterinary medicine, biosecurity to harvest, preliminary processing and export processing to maintain the top position among rivals.