Vietnam's shrimp exports up 22% in first 11 months of this year

Although shrimp exports this year did not break the record of shrimp exports in 2022 (US$4.3 billion), the above results show that the shrimp industry has recovered significantly compared to 2023. According to the Vietnam Association of Aquatic Products Exporters and Processors, shrimp exports to many markets have sent positive signals, and exports to the US and EU markets have maintained a steady growth momentum. China is introducing policies to promote consumption, which may boost Vietnamese shrimp exports to this market. In addition, processed shrimp exports are booming, becoming a positive signal that companies are turning to value-added products. However, the Vietnamese shrimp industry is currently facing some challenges, such as seed quality quarantine, breeding density, disease management, cost reduction, import Market sales forecast, etc. Under the trends of international integration, digital transformation, circular economy and sustainable development, Chen Yuhai of Can ...