December 16, 2010

Vietnamese shrimp exports to reach US$2 billion

The Vietnam Association of Seafood Exporters and Producers (VASEP) estimates that this year's total shrimp export value will reach over US$2 billion, as there is a growing demand in VASEP's three main markets of the US, Japan, and the EU.

The total export volume of shrimps over the past 10 months has passed 195,000 tonnes earning US$1.68 billion.

According to VASEP, this year shrimp exports will continue to increase despite the global economic recession in 2009. However, the industry still has to face challenges in ensuring that food hygiene is up to standard.