Mekong Delta Shrimp exports to the European market increased sharply
17:16 04/12/2021

( On March 11, 2021, the Prime Minister issued PM Decision 339/ QĐ-TTg approving the Vietnam Fisheries Development Strategy to 2030, with a vision to 2045.

( In February 2021, due to the Lunar New Year holiday, the total seafood export of the whole country decreased by over 17% compared to the same period last year, reaching over 410 million USD. However, in fact, exports tend to be recovering because the value of exports to many markets has increased sharply and many export companies have significantly higher sales compared to the same period last year.

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.

( After increasing by 23.4% in January 2021, reaching 606 million USD, with positive signals from pangasius, sea fish products (except tuna), whiteleg shrimp ... and exports to some key markets such as the US, Japan, Australia, Mexico, Taiwan, Brazil rose sharply, Vietnam seafood exports in February 2021 fell 19% compared to the same period in 2020, estimated at over 405 million dollars. This negative growth is due to the fact that February this year coincides with the Lunar New Year holiday, therefore the production, fishing and processing time is less than in February 2020. Thus, accumulated to the end of February 2021, seafood exports reached over 1 billion USD, up by 2.2%.

( According to Customs statistics, in January 2021, Vietnam's seafood exports reached over 606 million USD, up by 23.4% over the same period last year. One of the reasons for the increase in exports is the period of the Lunar New Year holiday coincided in January 2020. However, the 23.4% growth rate is considered a positive signal for Vietnam's seafood exports, which is reflected in the increase in export of pangasius (+ 21.7%), other marine fish (+ 46%), whiteleg shrimp (32.5%), and bivalve mollusk (+43%).

( With the expectation that the impact of the COVID-19 epidemic will slow down and with the support of Free Trade Agreements, analysts in Vietnam said that the main consumption channels of seafood will gradually become active again, creastin the growth momentum for this sector in 2021. It is forecasted that Vietnam's seafood export in 2021 will reach $8.8 billion, with an increase of 5% compared to 2020.

A draft master plan for the Mekong Delta for 2021-2030 and vision to 2050, recently released to collect public feedback, views climate change as not only a challenge but also an opportunity for local development.

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.

( 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.

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.

( Raw shrimp prices being higher made shrimp farmers excited and boldly expand their farming areas. That is a reason for Bac Lieu province to expect seafood export in 2025 to reach 1 billion USD. Bac Lieu is one of the leading shrimp production and export provinces in Vietnam.

( In 2020, Vietnam's seafood exports brought in $ 8.4 billion, down 1.9% from 2019, of which farmed seafood (shrimp, pangasius) accounted for 62% with $5.2 billion, capture fisheries accounted for 38% with US$ 3.2 billion.

( Free trade agreements (FTAs) that come into effect and put into effect in 2020 have created favorable conditions for our country's goods to be exported abroad in the past year. After falling continuously in the first half of the year due to the impact of the Covid-19 epidemic, Vietnam's seafood exports started to recover from July. Especially, thanks to the Vietnam - EU Free Trade Agreement (EVFTA). Effective from August 2020, seafood has continued to have double-digit growth since September.

( In 2020, the fisheries sector experienced loads of difficulties such as export activities are interrupted due to the Covid-19 pandemic; the consumption demand for high-value aquatic products contracted; the weather was not favorable for fisheries production, etc. Notwithstanding, according to the Directorate of Fisheries (D-Fish), Vietnam's total seafood production still rose by 1.8% to reach 8.4 million MT. Of which, the capture production reached 3.85 million MT, up 2.1%, the aquaculture production reached 4.56 million MT, up 1.5%, and the export turnover achieved US$8.4 billion.

( The 2020 was a turbulent year for the world economy with many nations suffering tremendous losses due to the COVID-19 pandemic. Vietnam has been less affected by the pandemic thanks to extraordinary efforts of the industry. Notwithstanding, everything from life to socio-economic, education, and national security has undergone many months of upsetting. Vietnam's seafood industry has been affected by various issues. Continued difficulties from key export markets and natural disasters have caused both farmers and businesses to worry to fight for "survival". At the end of the year, the total seafood export value of Vietnam reached 8.41 billion USD, slightly down 1.9% compared to 2019. This result reflects the tireless efforts of seafood enterprises in the light of the pandemic crisis.