Seafood exports in Vietnam skyrocketed this year

Published 2022년 10월 15일

Tridge summary

Tan Phat Seafood Co., Ltd has purchased 20 tons of white-leg shrimp at a cost of 163,000 VND/kg from a local pond, indicating a high demand and price for shrimp. Despite a slowdown in shrimp exports due to raw material shortages and European inflation, the seafood export market remains strong with significant growth in pangasius exports. The Vietnam Association of Seafood Exporters and Producers (VASEP) is advocating for changes to the Land Law and policies to encourage the import of aquatic materials for export processing. Additionally, the need for land accumulation and incentive policies for shrimp farming, alongside digital transformation in the industry, has been highlighted by VASEP and former VASEP Chairman, Dr. Ho Quoc Luc.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

High demand, good price One day in mid-October, the purchasing force of Tan Phat Seafood Co., Ltd (Tran De, Soc Trang) pulled a net to catch 20 tons of white-leg shrimp from a household in Tra Duoc hamlet, commune. Vien Binh. This shrimp pond has the same size of 30 shrimp/kg, the transaction price at the pond is 163,000 VND/kg. Mr. Luu Truong Giang, sales representative of Tan Phat Seafood Co., Ltd., said that the price of large-sized shrimp has increased by 5,000 VND/kg compared to the previous week. Currently, the price of shrimp is no longer as hot as it was in June and July, but it is still quite high and stimulates people to increase production. According to the Vietnam Association of Seafood Exporters and Producers (VASEP), shrimp exports have slowed down due to lack of raw materials and inflation in Europe. However, in September, shrimp export turnover still increased by 13% over the same period last year. This item is leading in seafood export turnover with 3.4 billion ...

Source: Vietstock