Vietnam: shrimp exports "have a chance" to exceed 4 billion USD in 2021
Frozen Common Shrimp & Prawn
Vietnam
Published Jan 7, 2021
Tridge summary
In 2021, with many favorable conditions, shrimp export is forecasted to grow 15% compared to 2020, reaching about 4.4 billion USD.
Original content
According to the Vietnam Association of Seafood Exporters and Producers (VASEP), in 2021, there are many favorable conditions for Vietnam's shrimp production and export. Specifically, world demand remains stable while other exporting countries have yet to recover. China is the largest shrimp source in Asia, but still lacks shrimp for processing and consumption. Along with that, anti-dumping tax in the US on shrimp is low; Tariff advantages for Vietnam's net origin of farmed shrimp products in the new generation Free Trade Agreements ... Deputy Minister of Agriculture and Rural Development Phung Duc Tien also said that this year there are favorable factors for seafood exports. In general, shrimp production in particular, the world economy grew again after the Covid-19 epidemic was controlled; advantages from taking advantage of the incentives of FTAs such as Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTTP), FTA Vietnam-EU (EVFTA), FTA Vietnam-UK ...
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