Vietnam is the second largest shrimp supplier in the world, exporting to 100 countries

Published Nov 28, 2023

Tridge summary

Vietnam is the world's second largest supplier of shrimp, exporting to over 100 countries. However, the industry faces challenges such as low adoption of science and technology, dependence on natural sources for shrimp seeds, loose links in the production chain, and high costs. To overcome these challenges and sustainably develop the industry, the government needs to manage shrimp breeds, improve water treatment, ensure food quality control, and control prices. Localities should also reorganize production, adopt technical processes, and reduce small farming areas to improve competitiveness.

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

Original content

According to information from the Department of Fisheries (Ministry of Agriculture and Rural Development), in the period 2010-2023, Vietnam has a brackish water shrimp farming area of 644,000-737,000 hectares, exporting shrimp to about 100 countries with 5 markets. Large markets such as Europe, the United States, Japan, China, Korea... These numbers make Vietnam the second largest shrimp supplier in the world with export value accounting for 13-14% of the world's total shrimp export value. However, in order to maintain this position in the global supply chain, the Vietnamese shrimp industry is facing certain difficulties that still exist from many years ago. Specifically, the number of farming households applying science and technology is still low, accounting for only 18.9% of the total farming area; The seed source is not proactive but depends on natural sources... At the same time, the linkage in the shrimp production chain is still loose, leading to high production costs and ...

Source: Vietstock