Vietnam: Shrimp exports this year are estimated to reach 3.6 billion USD

Frozen Common Shrimp & Prawn
Market & Price Trends
Published Dec 11, 2023

Tridge summary

Deputy Prime Minister Le Minh Khai announced at the Ca Mau Shrimp Festival that Vietnam's GDP growth in 2023 is expected to exceed 5%, with the agriculture, forestry, and fishery sector growing by over 3.4%. Vietnam has become the second largest shrimp supplier in the world, with Ca Mau province alone contributing about 1 billion USD in shrimp exports. The 2023 Shrimp Festival will feature activities such as showcasing the achievements and potential of the shrimp industry, promoting market expansion, and hosting conferences and seminars related to shrimp farming.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

He said that to develop effectively and add value, the agricultural sector in general and Ca Mau in particular need to focus on developing the agricultural ecosystem, including the shrimp industry ecosystem. Besides, it is building a green economy and circular economy in agriculture, contributing to environmental protection and reducing greenhouse gas emissions. According to the assessment of the Vietnam Association of Seafood Exporters and Producers - VASEP, inflation is decreasing in all major European countries, but demand is still weak. Meanwhile, shrimp demand in Southeast Asia and the Far East is expected to improve at the end of the year due to Christmas and Lunar New Year. Therefore, prices will increase during this period when total production is seasonally low. The organizing committee said that the 2023 Shrimp Festival will have many activities focusing on introducing the achievements and potential of the shrimp industry and typical products of Ca Mau and other Mekong ...
Source: VNExpress
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