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Seafood exports

Seaports in the southern province of Ba Ria-Vung Tau handled nearly 766,000 twenty-foot equivalent units (TEUs) in the first two months of 2021, rising 21 percent from the same time last year.

Despite facing difficulties due to the COVID-19 pandemic, seafood exports last year were estimated at US$8.58 billion, the same as in 2019. The Vietnam Association of Seafood Exporters and Producers (VASEp) expects them to increase by 5 per cent to $8.8 billion this year aided by many positive factors.

The Minh Phu Hau Giang Seafood JSC (in Hau River Industrial Park in Hau Giang Province’s Chau Thanh District) in early January exported its first batch of shrimp in eight containers to the EU, the US, and Japan at prices 4-5 percent higher than in the Asian market.

(seafood.vasep.com.vn) In 2020, the country's seafood production has reached 8.4 million tons, a slight increase of 3% compared to 2019, of which aquaculture accounts for 54% with nearly 4.6 million tons. accounting for 46% with over 3.8 million tons. Seafood exports reached 8.4 billion USD, down 1.9% compared to 2019, of which aquaculture (shrimp, pangasius) accounted for 62% with 5.2 billion USD, captured seafood accounted for 38% with 3.2 billion USD.

(vasep.com.vn) Bac Lieu is step by step towards the application of the highest technology in shrimp farming. The province has established a high-tech agricultural zone for shrimp development in Bac Lieu with the aims: Plays a role as an underpin to guide and replicate high-tech shrimp farming models of the province, Ca Mau Peninsula, Mekong delta, and the whole country; performs as the core and driving force for "Building Bac Lieu to become the hub of the national shrimp industry".

(seafood.vasep.com.vn) Vietnam's shrimp exports in 2021 are likely to jump by 15% compared to 2020, the export turnover is expected to reach over US$4 billion thanks to advantages over competitors, the participation in free trade agreements, etc.