Bac Lieu province in Vietnam: Developing a sustainable shrimp industry value chain
Frozen Common Shrimp & Prawn
Vietnam
Published Nov 26, 2022
Tridge summary
Bac Lieu identifies agricultural development with high technology as one of the five pillars of socio-economic development of the province.
Original content
Shrimp export turnover ranks third in the country Bac Lieu province ranks third with total export value in the first 9 months of 2022 reaching US$631.50 million, up 9.88% over the same period. In which, frozen shrimp was estimated at USD 614.83 million, equaling 68.79% of the plan, up 9.9% over the same period. However, the seafood export turnover of Bac Lieu province is not commensurate with the existing potential and strengths. In 2021, Bac Lieu produced over 209,910 tons of shrimp, but the number of raw shrimp put into processing plants only stood at about 115,000 tons, accounting for 54% of the total output. This means that 94,910 tons, accounting for about 46% of total shrimp production, are not sent to processing plants in the province. Bac Lieu province is considered as the largest shrimp seed production center in the Mekong Delta, producing 34-35 billion shrimp seed/year, accounting for 50% of the seed market share in the Mekong Delta and 30% of the country's seed market ...
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