(seafood.vasep.com.vn) Vietnam shrimp exports in March, 2016 reached US$240.8 million, up 6.9% compared to the same month of last year. Shrimp exports in the first 3 months of 2016 valued at S$619.2 million, up 7.9% year on year. Importing markets and main products are as follows:

(seafood.vasep.com.vn) In QI/2016, processed shrimp production of Sao Ta Foods Joint-Stock Company (Fimex VN; HOSE: FMC) touched 2,265 MT, up 21% compared with 1,870 MT in QI/2015. Of that, shrimp consumption volume in the period reached 2,243 MT, up 20% from QI/2015 (1,869 MT).

(seafood.vasep.com.vn) In QI/2016, Vietnam’s shrimp exports to South Korea reached US$47.2 million; down 8% compared to the same period of 2015. In each month of QI/2016, shrimp exports to the market in January reached the highest of over US$19 million, up 17.2% compared to Jan 2015; exports in February reached the lowest of over US$11 million, down 21.3% compared to Feb 2015; exports in March 2016 increased compared to the previous month but down 18.7% from Mar 2015.

(seafood.vasep.com.vn) According to Vietnam Customs, Vietnam shrimp exports to the UK in 2015 reached nearly US$130 million, up 13.4% from US$114.6 million of 2014. Last year, shrimp exports to the UK reported the positive growth while exports to all major markets fell.

(seafood.vasep.com.vn) In 2016, Minh Phu Seafood Corporation (HOSE: MPC) set the target of reaching VND16,346 billion in consolidated net revenue and VND546 billion in profit after tax.

(seafood.vasep.com.vn) On Mar, 23rd 2016, the Board of directors of Minh Phu Seafood Corporation (HOSE: MPC) has approved the establishment of Minh Phu Food, with the charter capital of VND40.8 billion.

(seafood.vasep.com.vn) After the decline in 2015, shrimp exports in early 2016 showed positive growth. In Jan 2016, shrimp exports earned US$227.4 million; up 10.2% compared to Jan 2015. The figure in Feb 2016 was US$151 million; an increase of 6.1%. Therefore, Vietnam shrimp exports in Jan-Feb 2016 totaled US$378.4 million; up 8.5% over Jan-Feb 2015.

(seafood.vasep.com.vn) According to Vietnam Customs, after a slump in the first 3 quarters of 2015, Vietnam's shrimp exports to China in QIV/2015 totaled over US$102 million, a year-on-year increase of 18.4%. Meanwhile, Vietnam’s shrimp exports to other main markets declined. From September to December 2015, shrimp exports to China showed a positive growth of 9.4% - 28% over the same period in 2014.

(seafood.vasep.com.vn) Joining the Seafood Expo North America, Vietnam-based Thien Phu Seafood Company (Thien Phu Seafood) saw that Vietnam’s frozen shrimp will be increasingly competitive in price and categories in the global market.

(seafood.vasep.com.vn) At the Seafood Expo North America in 2016, Vietnam-based TRONG NHAN SEAFOOD Co.,Ltd (Trong Nhan Seafood) has exhibited two products of frozen processed black tiger and whiteleg shrimp produced by the company.

(vasep.com.vn) In 2014, China’s shrimp exports reached 233 thousand MT, worth by US$2.55 million, down 14% in volume and up 16% in value from those of the previous year. The average export price touched US$10.95/kg, up 16% from 2013. Main consuming markets included Malaysia, Hong Kong, the U.S., Japan and Taiwan.

(seafood.vasep.com.vn) Vietnam’s shrimp exports to EU in 2015 achieved US$548.6 million, down 19.7% year on year. The year-on-year decline in shrimp exports to EU in the year was attributable that regional economy faced troubles, consumers tightened spending, EUR devaluated against USD and import shrimp price into the market was requested to cut down by European importers.

(seafood.vasep.com.vn) Capture output of Binh Thuan in Feb, 2016 was estimated at 7,860 MT; the estimated figure in Jan-Feb, 2016 was 15,927 MT, down 9.2% year on year.

(seafood.vasep.com.vn) Source from Ngoc Tri Seafood revealed that in the first 2 months of 2016, the company exported 1,000 MT of finished shrimp, worth by US$8 million; up 15% both in volume and value year on year.

(seafood.vasep.com.vn) In the second week of March 2016, the price of commercial whiteleg shrimp in Tien Giang, Vietnam was on the upward trend, fetching high income for local farmers.