US removes anti-dumping duty on Minh Phu frozen shrimp
08:05 02/18/2021

(vasep.com.vn) In the early days of 2021, prices of black tiger shrimp and whiteleg shrimp surged. According to VASEP, shrimp prices are likely to continue to roar in 2021 despite the Covid-19 epidemic continuing.

(vasep.com.vn) At 10 am on January 5, 2021, the ceremony to export the first batch of 160 MT of shrim to markets was solemnly organized by the Ministry of Agriculture and Rural Development in Hau Giang.

(seafood.vasep.com.vn) Vietnam's shrimp export reached nearly US$385 million in Sep 2020, an increase of over 25% compared to September 2019, the highest growth rate since March 2020. In the first 9 months of this year, shrimp exports reached US$2.7 billion, up 10.5% over the same period in 2019. Except for January, shrimp exports kept continuous growth from February to September.

(seafood.vasep.com.vn) Vietnam shrimp exports to the UK as of September 15, 2020 reached $161.2 million, up 15% over the same period in 2019. The UK is also considered one of the import markets of Vietnamese shrimp that perform well and seem to is not affected much by the Covid-19 epidemic since the beginning of the year until now.

Vietnam’s shrimp exports are forecast to reach 3.7 billion USD this year, posting an year-on-year increase of 9.8 percent.

(seafood.vasep.com.vn) In August 2020, Vietnam's shrimp exports reached US$394.6 million, up nearly 12% compared to August 2019. In the first 8 months of this year, shrimp exports reached US$2.3 billion, up 8.4% over the same period in 2019.

(seafood.vasep.com.vn) Canada is Vietnam's 7th largest shrimp importer, accounting for 4.8% of the total shrimp export value of Vietnam. In the first eight months of 2020, Vietnam shrimp exports to Canada reached US$110.6 million, up nearly 27% over the same period in 2019. In the first 8 months of this year (except January), Vietnam shrimp exports to Canada continuously recorded double-digit growth in the remaining months.

An app that lets shrimp farmers to track shrimp growth from stocking through harvest, purely by taking pictures on their smartphone, is generating very positive reviews from farmers in Vietnam.

(seafood.vasep.com.vn) According to data from Vietnam Customs, in the first 6 months of 2020, Vietnam's shrimp exports to the US reached US$323.3 million, up 29% over the same period in 2019. Despite the affection by the Covid-19 pandemic, Vietnam's shrimp exports to the US grew quite steadily in the first 6 months of 2020. The US was the only market among Vietnam's main shrimp importers to record continuous positive growth in all months of the first half of 2020.

(seafood.vasep.com.vn) After a sharp decline in the first quarter of 2020 (-27%) due to the heavy influence of the Covid-19 epidemic, Vietnam's shrimp exports to China have recovered in the second quarter of 2020 (+ 13.5%). In the second quarter of 2020, shrimp exports to China reached more than US$ 157 million, up 13.5% compared to the second quarter of 2019. Accumulated in the first 6 months of 2020, Vietnam's shrimp exports to China reached US$ 226.7 million, down 2.9%.

Vietnam's shrimp sector looks set to emerge from the COVID-19 pandemic as "the winner", thanks to a fortuitous combination of events, speakers on Undercurrent News' latest webinar agreed.

(seafood.vasep.com.vn) South Korea was the 5th largest importer of Vietnamese shrimp, accounting for 10.7% of the total value of Vietnamese shrimp exports to markets. Although not increasing sharply, Vietnam's shrimp exports to South Korea grew positively in the first two quarters of 2020. In the second quarter of 2020, shrimp exports to South Korea reached US$91.2 million, up 4.9%. Accumulated in the first 6 months of this year, shrimp export turnover to South Korea reached US$162.7 million, up 4.9% over the same period in 2019.

(seafood.vasep.com.vn) In recent years, Vietnam has been the leading shrimp supplier to South Korea, accounting for 52 percent of the country’s total imports.

The export of the first batch of frozen shrimp to several European countries under the EU-Vietnam Free Trade Agreement (EVFTA) was marked with a ceremony in the south central province of Ninh Thuan on September 11.

(seafood.vasep.com.vn) In June 2020, Vietnamese shrimp exports reached US$ 349.9 million, up 19.2% compared to June 2019, which was the best growth since March 2020. Accumulative in the first 6 months, shrimp export reached US$ 1.5 billion, up by 5.7% year on year. This is an encouraging result in the context the Covid-19 epidemic is still ongoing in major markets. Notably, Vietnamese shrimp exports to two key markets, the US and China, in June still recorded positive growth. It is expected that Vietnamese shrimp exports to these markets will still grow well in the coming months.


  • Detail-Right-Top