Vietnam: Lobster exports increased dramatically, with China buying the most

The Chinese market has overtaken the US position, becoming Vietnam's No. 1 shrimp import market in the first 5 months of 2024. On June 10, at a conference discussing difficulties, challenges and solutions for Vietnam's seafood exports to reach the target of 10 billion USD this year, the Vietnam Association of Seafood Exporters and Producers (VASEP) said: in the first 5 months of 2024, shrimp exports will reach 1.3 billion USD, up 7% over the same period in 2023. Whiteleg shrimp is the item that brings the highest value with 935 million USD, an increase of 21% over the same period last year, accounting for 72% of the total export market share of all types of shrimp. Next is black tiger shrimp, accounting for 12%, reaching 155 million USD, a slight increase of 1% over the same period. In addition, lobster is also a product that accounts for a significant proportion of exports, accounting for more than 8% with an export value of over 106 million USD, an increase of nearly 70 times ...