Vietnam shrimp exports are estimated to reach 3.6 billion USD this year

The information was stated by Deputy Prime Minister Le Minh Khai at the opening of Ca Mau Shrimp Festival and the 2023 OCOP Mekong Delta forum ceremony on December 10.

Vietnam's GDP growth in 2023 is estimated at over 5%, although lower than the targeted 6.5%, it is still high compared to other countries in the region and the world. Of which, the agriculture, forestry and fishery sector increased by 3.4%, continuing to be an important pillar of the economy during difficult times.

The Deputy Prime Minister said Vietnam has become the second largest shrimp supplier in the world, exporting to about 100 countries. Ca Mau province alone has contributed 1 billion USD in shrimp exports (accounting for 28% of the country and maintaining at 1 billion USD in the last three years).

Ca Mau shrimp industry has maintained its position in the world market, exporting to more than 60 countries and territories. "In addition to super-intensive farming, the province also has sustainable farming models such as shrimp-forest, shrimp-rice that meet ecological and organic standards," the Deputy Prime Minister emphasized.

To develop effectively and add value, the agricultural sector in general and Ca Mau in particular need to focus on developing the agricultural ecosystem, including the shrimp industry ecosystem; in addition to building a green economy and circular economy in agriculture, contributing to environment protection and reducing greenhouse gas emissions.

According to Vietnam Association of Seafood Exporters and Producers (VASEP), inflation is decreasing in all major European countries, however, demand is still weak. Meanwhile, shrimp demand in Southeast Asia and the Middle East is expected to improve towards the end of the year due to Christmas and Lunar New Year holidays. An increase in prices is expected during this period as total output is seasonally low.

The organizing committee said that within the 2023 Shrimp Festival, there will be many activities that promote the achievements, potential of the shrimp industry and introduce products of Ca Mau and other Mekong Delta provinces. This event is also an opportunity for businesses to promote their brands and trade activities.

Prominent in this series of activities is the exhibition and trade space with 400 booths showcasing shrimp industry and OCOP products. In addition, there are conferences and seminars regarding the shrimp industry and shrimp farming.