The exports were worth an estimated US$3.8 billion last year, US$700 million up from 2016 and US$400 million higher than the association’s target. There was big demand for shrimp in key markets such as the EU, China, Japan, and the Republic of Korea especially during the year-end festive season, VASEP said. In the first 11 months of last year, the EU was the largest importer of Vietnamese shrimp, with shipments to the market going up by 42.4% to US$780 million and accounting for 22.2% of Vietnam’s exports. Shrimp exports to China surged by 60.2% to US$637.9 million in the period, but shipments to the US fell by 7.8% mainly due to high anti-dumping duties. Truong Dinh Hoe, VASEP’s general secretary, said the strong growth in shrimp exports last year was mainly thanks to better control of antibiotic usage in breeding the crustacean, an increase in exports of processed products, and buyers’ increased confidence in Vietnamese shrimp products. In the EU, Vietnamese shrimp exporters enjoyed preferential treatment under the bloc’s Generalised System of Preferences while Thailand and China, the two main competitors, did not. India’s shrimp exports to the EU were down because antibiotics were being frequently found in its products, and Indian companies faced the risk of bans, he said. This meant European importers were looking for safer shrimp products, including from Vietnam, he said. The depreciation of the US dollar against the euro and yen had also supported Vietnamese exports, the association said. Tran Van Linh, chairman of Thuan… [Read full story]
A worker of Fimex Viet Nam Co in the southern province of Soc Trang process shrimp for export to Taiwan. Taiwan was the seventh largest importer of Viet Nam shrimp after Japan, the US, China, South Korea, Australia and Germany. — VNA/VNS Photo HA NOI — Viet Nam has been the largest exporter of shrimp to Taiwan for the last five years and Vietnamese shrimp exports remained high this year, according to the Viet Nam Association of Seafood Exporters and Producers (Vasep). The association said that according to the International Trade Centre (ITC)'s statistics on raw shrimp imports into…... [read more]
The Vietnam Association of Seafood Exporters and Processors (VASEP) has projected shrimp exports to continue gathering momentum this year, particularly in the EU and China. Processing shrimp for export Vietnam’s shrimp export value was estimated at 3.8 billion USD in 2017, up 22 percent from 2016.The EU was the top importer of Vietnamese shrimp, totaling more than 780 million USD worth of the country’s shrimp products in the first eleven months of 2017, 22.2 percent of Vietnam’s total shrimp export revenue in the period and an annual increase of 42.4 percent. The Netherlands’ imports grew 70.5 percent, the strongest growth…... [read more]
Statistics from the Vietnam Association of Seafood Exporters & Producers (VASEP) show the most significant drops were experienced in the key markets of the US, Japan and EU.Meanwhile VASEP reported sales to the UK, Hong Kong and Malaysia made modest gains of 11.1%, 3% and 17.8%, respectively.Vietnam principally exports frozen shrimp. White leg shrimp, the key export, accounted for 58.6% of the total with sales reaching US$1.4 billion, which represented a decline of 26.4% compared to last year’s same period.Black tiger shrimp exports made up 33% of the total, hitting US$813.3 million. Overall sales from these products dropped 31.3% compared…... [read more]
“The ninth anti-dumping duty administrative review by the DOC covered the period February 1, 2013 to January 31, 2014 and the final decision reduced the average anti-dumping duty to 0.91%,” VASEP said.The average rate was down from the 0.93% rate announced in the preliminary results earlier this year according to VASEP and much lower than final result for the period of review (POR) 8, which was at 6.37%.VASEP buoyantly reported that with the reduction of the antidumping tax in POR9, Vietnam’s shrimp exports to the US will rise in the final months of 2015, after a fall by over 50%…... [read more]
By the end of November 2010, Vietnam earned US$1.9 billion from exporting 219,000 tonnes of shrimp abroad, said the Vietnam Association of Seafood Exporters and Producers (VASEP).2010’s total shrimp export volume is estimated to have reached 240,000 tonnes worth US$2.08 billion in value, up by 15.4 percent in volume and 24.17 percent in export value over 2009.Last year, as many as 341 Vietnamese businesses (149 exporting white-leg shrimps and 163 exporting tiger prawns) exported various shrimp products to 92 markets over the world, 10 markets higher than in 2009. VASEP has attributed the good export performance to different factors. White-leg…... [read more]
