The U.S. remains to be the largest market of Vietnamese shrimp, making up 22.5% of total shrimp exports in 2016. Vietnam shrimp exports to the U.S. in 2016 reached US$708.8 million; an increase of 7.9% compared to 2015. Shrimp sales to the market reported the highest growth of 30.6% in QI/2016; sales in QII and QIII reported lower growth of 13.8% and 15.2%, respectively.

Vietnam's $10 billion export target for shrimp is ambitious but achievable.

Vietnam’s shrimp has experienced many highs and lows in the last 10 years, but it may see more stable growth in the future. Recently, PM Nguyen Xuan Phuc decided that Vietnam would aim to become a major shrimp producer in the world.

(seafood.vasep.com.vn) Vietnam’s shrimp exports in 2016 reversed the downward trend of 2015. After the negative growth of 25.3% in 2015, shrimp exports reported the positive growth of 0.1 – 12.3% throughout the year of 2016 (except for the negative growth in May 2016). As forecast of VASEP, in 2016, total shrimp export value of Vietnam reached US$3.15 billion; up 6.7% from 2015. In which, whiteleg shrimp accounted for 62%, black tiger shrimp with 29.5% and marine shrimp with 8.3%.

Minister of Industry and Trade Tran Tuan Anh has just called on the Australian Government to soon lift its ban on prawn and uncooked shelled shrimp imports, saying that it poses negative impacts on Vietnam’s shrimp breeding and processing sector

The Australian Department of Agriculture and Water Resources on February 6 announced a relaxation of the ban on importing shrimp, cooked or uncooked prawn meat products.

(seafood.vasep.com.vn) Australia is a potential market of Vietnamese shrimp because enterprises are focusing more on the market thanks its higher import demand. Vietnam’shrimp exports to Australia reached more than US$100 million each year. In 2014, Australia imported over US$150 million of shrimp from Vietnam.

Prime Minister Nguyen Xuan Phuc asked the shrimp industry to strive for an export value of 10 billion USD by 2025 during a conference on shrimp production held in the southernmost province of Ca Mau on February 6.

(seafood.vasep.com.vn) Over the past decade, Canada was always put into the list of top 10 leading shrimp importers of Vietnam. Despite the modest export turnover, Canada is considered to be a potential market for Vietnam shrimp thanks to its location close to America and its high living standards. Demand for seafood in Canada tend to be on the increase.

(seafood.vasep.com.vn) On 13th Jan 2017, Saota Foods Joint Stock Company (Fimex VN- stock code FMC) held its annual shareholder meeting 2017 at the company headquarter in Soc Trang province (Vietnam).

Vietnam earned US$589 million from shipping shrimp to the EU in 2016, a yearly increase of 7.5%.

(seafood.vasep.com.vn) In Oct 2016, Vietnam’s shrimp exports gained over US$337 million, up 6% from Sep 2016 and 3% over the same period of 2016. The figure in Jan-Oct 2016 valued at US$2.58 billion, up 5.2% year on year. Total shrimp export value continued to increase thanks to high demand in markets, in which, exports to three major importing markets (US, EU, China) recorded the good growth.

(seafood.vasep.com.vn) Australia claims as the 9th biggest shrimp importer in the world, accounting for about 1.9% of total global export value of shrimp. In the last 5 years (2010-2015), the import volume of shrimp into Australia ranged from 31-42 thousand MT. That reached a peak at 42 thousand MT in 2010 and rocked the bottom point at 31 thousand MT in 2015 due to a fall in production, difficulties in global economics and currency fluctuations.

(seafood.vasep.com.vn) The net revenue from sales of goods and services of Camau Frozen Seafood Processing Import - Export Corporation (Camimex) in QIII/2016 reached VND220.3 billion, up from VND206.1 billion in the same period last year. The figure in Jan-Sep 2016 estimated at VND658.5 billion, up from VND603.4 billion in the same period of 2015.

(seafood.vasep.com.vn) Minh Phu Seafood Corporation (Minh Phu Seafood Corp) announced its net revenue from sales of goods and services in QIII/2016 with VND3,406 billion, down from VND3,679 billion in the same period last year. The figure in Jan-Sep 2016 estimated at VND8,122 billion, down compared to VND8,369 billion in the same period of 2015.