April 16, 2021

 

Vietnam announces 5% increase in shrimp exports for 2021 at international fair

 


At the VietShrimp Aquaculture International Fair in Can Tho City on Wednesday, Tran Dinh Luan, director of the Directorate of Fisheries, announced that Vietnam targets a 5% increase in shrimp exports this year to US$4 billion, VnExpress reported.


The country also aims for a shrimp output of 930,000 tonnes and 740,000 hectares of farming area.


Luan expects Vietnam to become the world's top producer of farmed shrimp by 2045 with an output of four million tonnes and 25% of global market share.


There are currently 200,000 hectares of high-tech shrimp farms, 95% of them in the Mekong provinces of Bac Lieu and Soc Trang, mostly foreign-owned.


According to Luan, shrimp exports are facing difficulties since costs have risen by 20% due to a 200-500% surge in transport costs, noting that shipping costs for a container of shrimp to Europe have increased by a range of  US$1,500-7,500.


For 2020, shrimp exports grew 11.7% to US$3.8 billion or 900,000 tonnes in volume terms.