Vietnam's shrimp exports face many difficulties in 2023

Published 2023년 3월 4일

Tridge summary

Vietnam's shrimp industry aims to expand its farming area to 750,000 hectares and produce over 1 million tons of shrimp, with an export value of over 4.3 billion USD in 2023. However, the industry faces challenges such as increasing competition, falling world market prices for shrimp, and rising domestic prices. Other issues include high production costs, water pollution, and quality concerns. To achieve the targets, businesses are advised to diversify products, plan for adverse conditions, improve quality, reduce intermediaries, and adopt certified farming methods. Localities should ensure the continuity of the shrimp production chain and prevent the sale of substandard seeds and feed.

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

Original content

In 2023, although it is forecasted that it will continue to face many difficulties, but based on the analysis of advantages, opportunities and challenges, the shrimp industry in the whole country still sets a target of 750,000 ha of shrimp farming area. shrimp production of over 1 million tons (of which black tiger shrimp 280,000 tons, whiteleg shrimp 750,000 tons, the rest are giant freshwater shrimp and other shrimp) and export turnover of over 4.3 billion USD. Although many positive results have been achieved, according to many experts, Vietnam's shrimp industry will face many difficulties in 2023. Speaking at the 2023 Shrimp Industry Development Conference on March 3, Mr. Truong Dinh Hoe, General Secretary of the Vietnam Association of Seafood Exporters and Producers (VASEP), shrimp exports in 2022 reached a record level thanks to pillow orders from 2021 due to the suspension of Covid-19 and shrimp prices. increase, great efforts of enterprises in the context of many ...

Source: Haiquanonline