Viet Nam shrimp exports remain buoyant

Shrimp exports increased sharply last year and the trend will continue this year, according to the Viet Nam Association of Seafood Exporters and Producers (VASEP). The exports were worth an estimated US$3.8 billion last year, $700 million up from 2016 and $400 million higher than the association’s target. There was big demand for shrimp in key markets such as the EU, China, Japan, and South 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 per cent to $780 million and accounting for 22.2 per cent of Viet Nam’s exports. Shrimp exports to China surged by 60.2 per cent to $637.9 million in the period, but shipments to the US fell by 7.8 per cent 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… [Read full story]


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