Vietnam’s shrimp exports surge 15%

Reading Time: 1 minute

shrimpVietnam expects to earn around $2.6 billion from shrimp exports in 2013, up by 15 per cent over 2012, according to the Vietnam Association of Seafood Exporters and Producers (VASEP), the Voice of Vietnam reported

The positive forecast has been attributed to the sharply increasing price of domestic shrimp, which is expected to bring higher profits to shrimp breeders and accelerate shrimp hatching to ensure a steady supply for export.

The expected hike in the export value has also been influenced by the US Department of Commerce’s recent confirmation that Vietnamese businesses trading with the US do not dump their frozen warm-water shrimp products on the market at costs that undercut domestic producers.

This key recognition will also help boost Vietnam’s shrimp exports to other major markets such as the EU and Japan. Vietnamese enterprises’ turnover from shrimp exports is now at least $250 million per month.

VASEP has also revealed that Vietnam earned over $337 million from shrimp exports to the US, accounting for one quarter of the country’s total shrimp exports, in the first seven months of this year.

Meanwhile, shrimp exports to the Japanese and EU markets have seen year-on-year growth of 11 per cent and 3 per cent respectively over the reviewed period. Vietnam has earlier planned to make export earnings of $2.4 billion from shrimp in 2013.

Do you like this post?
  • Fascinated
  • Happy
  • Sad
  • Angry
  • Bored
  • Afraid

Reading Time: 1 minute

Vietnam expects to earn around $2.6 billion from shrimp exports in 2013, up by 15 per cent over 2012, according to the Vietnam Association of Seafood Exporters and Producers (VASEP), the Voice of Vietnam reported

Reading Time: 1 minute

shrimpVietnam expects to earn around $2.6 billion from shrimp exports in 2013, up by 15 per cent over 2012, according to the Vietnam Association of Seafood Exporters and Producers (VASEP), the Voice of Vietnam reported

The positive forecast has been attributed to the sharply increasing price of domestic shrimp, which is expected to bring higher profits to shrimp breeders and accelerate shrimp hatching to ensure a steady supply for export.

The expected hike in the export value has also been influenced by the US Department of Commerce’s recent confirmation that Vietnamese businesses trading with the US do not dump their frozen warm-water shrimp products on the market at costs that undercut domestic producers.

This key recognition will also help boost Vietnam’s shrimp exports to other major markets such as the EU and Japan. Vietnamese enterprises’ turnover from shrimp exports is now at least $250 million per month.

VASEP has also revealed that Vietnam earned over $337 million from shrimp exports to the US, accounting for one quarter of the country’s total shrimp exports, in the first seven months of this year.

Meanwhile, shrimp exports to the Japanese and EU markets have seen year-on-year growth of 11 per cent and 3 per cent respectively over the reviewed period. Vietnam has earlier planned to make export earnings of $2.4 billion from shrimp in 2013.

Do you like this post?
  • Fascinated
  • Happy
  • Sad
  • Angry
  • Bored
  • Afraid