Vietnam aims to improve shrimp export competitiveness
At a seminar recently held in Ho Chi Minh City, shrimp experts from around the world shared the view that even if consumption improves in the rest of this year, Vietnam's shrimp export volume is forecast to decrease by 15% annually.
Willem van der Pijl, a leading expert in the shrimp industry and founder of Shrimp Insights, said Vietnam's shrimp export is estimated at around 320,000 tonnes this year.
Processing shrimps for export (Photo: VNA) |
This year, Vietnam and other shrimp-exporting nations have seen a reduction in shrimp exports to the US. Maintaining growth in exports to China is also expected to be challenging.
Jesper Clausen, Global Director for Aqua Nutrition and Tech Support at the Netherlands’ De Heus Group, advised the Vietnamese shrimp processors and exporters to tap every advantage related to the quality of Vietnamese shrimp, diversify processed products, and free trade agreements in order to enhance their exports.
Truong Dinh Hoe, General Secretary of the Vietnam Association of Seafood Exporters and Producers, suggested businesses increase their products of strength such as organic, sustainable, and value-added ones. Companies should also adopt appropriate sales and payment methods while making the most of advantages provided by the EU-Vietnam Free Trade Agreement (EVFTA) to improve their competitiveness when it comes to export to this market.
To achieve the shrimp export target of 3.6 billion USD this year, firms need to ramp up exports of their flagship products, which is likely tiger shrimp. They should also focus on increasing exports to China and boosting the shipment of value-added shrimp products to the EU, he said.
See also
VN seafood exports up 6% in first four months
07:00 | 20/05/2024 Major exports
Aquatic product exports enjoy 6% growth in four months
07:00 | 16/05/2024 Major exports
Việt Nam coffee exports to Singapore scant, room to grow enormous
08:00 | 12/05/2024 Major exports
Vietnam's durian exports to China boom in Q1
06:00 | 11/05/2024 Major exports
Timber and wood product exports grow
09:06 | 08/05/2024 Major exports
Vietnam leads in export rice prices globally
14:16 | 06/05/2024 Major exports
See more news
Vietnam targets 2 billion USD in cassava export by 2030
06:00 | 06/05/2024 Major exports
Vietnamese pomelo to be exported to Australia
08:52 | 04/05/2024 Major exports
Việt Nam earns $1.43b from rice exports in Q1
09:26 | 19/04/2024 Major exports
Efforts to have IUU yellow card removed
06:00 | 10/04/2024 Major exports
Agro-forestry-fishery exports likely to hit 54-55 billion USD
06:00 | 05/04/2024 Major exports
Seafood exports rise to $2 billion in Q1
09:15 | 03/04/2024 Major exports
Tuna exports predicted to rebound as billion-USD earner
10:22 | 29/03/2024 Major exports
Forestry exports up 47% in Jan-Feb
06:00 | 12/03/2024 Major exports
Phone, component exports hit 5.5 billion USD in January
06:00 | 08/03/2024 Major exports
VN's seafood exports can reach $9.5 billion in 2024
09:20 | 07/03/2024 Major exports
Branding essential for leverage of FTA opportunities
17:14 | 20/05/2024 Vietnamese Brands
MoIT seeks to address material bottleneck
16:50 | 20/05/2024 Support industries
Hà Nội calls for investments in six urban areas projects
10:00 | 20/05/2024 Economy
Vietnam, France look to boost economic partnership
09:40 | 20/05/2024 Vietnam and EU
Central bank to inspect gold trading activities
09:17 | 20/05/2024 Finance-Banking
Multimedia
Royal antiques presented at metaverse exhibition
11:15 | 18/05/2024 Lifestyle
Việt Nam plans to preserve ethnic minorities’ intangible cultures at risk of disappearing
06:00 | 15/05/2024 Lifestyle
The Hải Phòng Red Flamboyant Festival celebrated the city's special UNESCO status
16:49 | 13/05/2024 Lifestyle
HCM City: top spot in Việt Nam for slow travel lovers
09:00 | 13/05/2024 Tourism
The Anam Cam Ranh named among Vietnam’s best family hotels
06:00 | 11/05/2024 Vietnamese Brands
Tax, land rent payment deadlines to be extended this year
06:00 | 19/05/2024 Policy
Ministry proposes tax filing deadline extension for 2024
06:00 | 17/05/2024 Policy
Viet Nam targets to have 2 million enterprises by 2030
07:00 | 15/05/2024 Policy
Law on Telecommunications hoped to promote development of new telecoms services
06:00 | 13/05/2024 Policy
MoIT seeks to address material bottleneck
16:50 | 20/05/2024 Support industries
Vietnamese steel affirms position in world market
07:00 | 20/05/2024 Industry
Concerted efforts to reduce manufacturing inventory
06:00 | 20/05/2024 Industry
Energy giants plan for national power plan
06:00 | 18/05/2024 Energy
Delegation from EU, Netherlands explore investment opportunities in Thai Nguyen
07:10 | 18/05/2024 FDI
Desk established in Dong Nai to support Japanese investors
09:02 | 16/05/2024 Investment
Vietnam should not miss opportunities to attract FDI
08:00 | 14/05/2024 FDI
New wave of Chinese investment
06:00 | 12/05/2024 FDI
Central bank to inspect gold trading activities
09:17 | 20/05/2024 Finance-Banking
Banks raise interest rates to attract depositors
16:47 | 17/05/2024 Finance-Banking
Credit access obstacles lifted for collective economic entities
06:00 | 16/05/2024 Finance-Banking
Government urged to narrow domestic, global gold price gap
08:36 | 15/05/2024 Finance-Banking
First provincial biodiversity museum launched in Quảng Nam
06:00 | 19/05/2024 Environment
Enhancing informal sector’s role in EPR implementation
06:00 | 18/05/2024 Environment
Centre opened to serve environmental data integration, monitoring network operation
06:00 | 16/05/2024 Environment
Capacity building for policy makers, large emitters on ETS and carbon market
08:48 | 15/05/2024 Environment
Semiconductor investment prioritized
06:29 | 17/05/2024 Science - Technology
Science-technology - foundation for nation’s development PM
06:00 | 16/05/2024 Science - Technology
Full cyber stream ahead Bắc Giang focuses on digital society development
06:00 | 11/05/2024 Science - Technology
35 localities piloting four-wheel EVs for tourists, despite no official legal regulations
07:00 | 09/05/2024 Science - Technology
Government tightens vessel control to fight IUU fishing
07:00 | 20/05/2024 Society
HCM City to complete 183km of metro routes by 2035
06:00 | 17/05/2024 Society
Railway sector gets creative to attract passengers
07:00 | 15/05/2024 Society
Việt Nam’s largest high-speed ship service from HCM City to Côn Đảo launched
07:00 | 14/05/2024 Society
Branding essential for leverage of FTA opportunities
17:14 | 20/05/2024 Vietnamese Brands
Vietnamese agricultural products to take part in Foodservice Australia 2024
15:08 | 17/05/2024 Vietnamese Brands
PV GAS launches Month of Workers
10:22 | 16/05/2024 Companies
National Brand Program promotes prestigious Vietnam
13:09 | 15/05/2024 Vietnamese Brands
Royal antiques presented at metaverse exhibition
11:15 | 18/05/2024 Lifestyle
Việt Nam plans to preserve ethnic minorities’ intangible cultures at risk of disappearing
06:00 | 15/05/2024 Lifestyle
The Hải Phòng Red Flamboyant Festival celebrated the city's special UNESCO status
16:49 | 13/05/2024 Lifestyle
Nguyễn Dynasty Urns in Huế make it to the UNESCO Memory of the World List
07:00 | 11/05/2024 Lifestyle
Tourism sector goes green for sustainable development
08:22 | 19/05/2024 Tourism
Sustainability plays significant role in choices of travellers
13:00 | 18/05/2024 Tourism
Vietnamese tourism information centre opened in India
08:00 | 18/05/2024 Tourism
Mysterious 'floating' lake discovered in Quảng Bình
16:54 | 13/05/2024 Tourism