(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.

After three years of implementation of the Mangroves and Markets Project (MAM), shrimp farmers have become more aware of organic production techniques and the need to preserve mangrove forests in their areas.

(seafood.vasep.com.vn) In first 2 months of 2016, Vietnam shrimp production and prices showed signs of recovery. The weak supply in February and rising purchase demand for processing and exports pushed raw shrimp prices sharply increase compared with the previous month.

(seafood.vasep.com.vn) On 23rd February 2016, Kien Giang Province people's Committee in collaboration with the General Directorate of fisheries (Ministry of agriculture and rural development) organized a workshop on Developing sustainable industrial shrimp farming. The province’s the goal is to produce 57,000 tonnes of shrimp in 2016, in which industrial and semi-industrial farmed shrimp is about 20000 tons.

(seafood.vasep.com.vn) In 2016 Ca Mau province plans to push the total output of fisheries and aquaculrure up 530,000 tons, an increase of 6% compared to the year 2015. The provinve will raise 15% shrimp farming areas this year and boost improved extensive shrimp farming.

(seafood.vasep.com.vn) Thanks to the free trade agreement between Vietnam and South Korea in effect from 20th Dec 2015, businesses in some sectors are pushing exports to this market, including commodities that are hardly exported.

(seafood.vasep.com.vn) Vietnam shrimp exports to Japan - the second largest shrimp market of Vietnam – recorded US$584 million in 2015, rising 21.4% compared with 2014. The yen devaluation, tougher economy reduces Vietnam shrimp exports to the market.

(seafood.vasep.com.vn) In an effort to grow the availability of four-star Best Aquaculture Practices (BAP) shrimp, the Global Aquaculture Alliance has inked a memorandum of understanding (MoU) with National Fish & Seafood and Minh Phu Seafood in which approximately 800 shrimp farms in Vietnam will be encouraged to attain BAP certification.

(seafood.vasep.com.vn) In 2015, total seafood imports by Vietnam reached US$6.57 billion, down 16.1% from 2014. Vietnam enterprises must import raw material for processing and exporting due to instability in domestic supply of raw material. However, seafood imports in to Vietnam in 2015 were lower than those of 2014 because enterprises must face difficulties caused by decline in import price, weaker importing demand and stronger competition.

(vasep.com.vn) On 7th September 2015, US Department of Commerce (DOC) issued the final results of the ninth anti-dumping duty administrative reviews on frozen shrimp imported from Vietnam. The period of review (POR) is from 1st February 2013 to 31st January 2014. DOC imposes average anti-dumping duty of 0.91%, compared to 0.93% in the preliminary results announced in March 2015. This is much lower than final result of POR8, which was 6.37%.