Vietnam's shrimp exports grew in the first half of this year, but the market is facing competition from other countries in the world.

(seafood.vasep.com.vn) Sao Ta Food Joint Stock Company (Fimex) forecasts sales for the rest of the year to be quite stable thanks to good orders.

The export market in the first half of this year has painted a decent picture for shrimp businesses, but generally still behind the country’s previous medium-term ambitions

(seafood.vasep.com.vn) According to the latest report of the Department of Agriculture and Rural Development of Ca Mau province, total fishery production in the first 6 months of 2024 is estimated to reach 326,170 tons, reaching 50.03% of the plan, up 1.56% over the same period last year. Of which, aquaculture output reached 205,300 tons, an increase of 0.64%, and exploitation output reached 120,870 tons, an increase of 3.16%.

(seafood.vasep.com.vn) At the 2024 VASEP General Assembly held on June 10, 2024, Mr. Đỗ Ngọc Tài, Vice Chairman of VASEP, Chairman of the VASEP Shrimp Committee, and General Director of TAIKA SEAFOOD CORPORATION, delivered a speech on market demand and Vietnam’s shrimp export targets for 2024.

(seafood.vasep.com.vn) In addition to setting a record profit target for this year, Minh Phu Seafood Group (MPC) said it will consider expanding into a number of foreign markets and increasing its market share in the domestic market.

(seafood.vasep.com.vn) Vietnamese shrimp exports to the EU market, after 2 months of deep decline, recovered to growth in April 2024. The EU was the main import market, recording the best growth in April this year.

(seafood.vasep.com.vn) According to the newly approved shrimp industry development plan for Ca Mau province, by 2030, the total investment capital for shrimp development will be around VND 20,000 billion. Ca Mau will have two 190-hectare seafood complexes in Nam Can district and a 178-hectare complex in Dam Doi district.

(seafood.vasep.com.vn) In April 2024, Vietnam's shrimp exports reached 287 million USD, up 0.2% over the same period last year. In the first 4 months of this year, export turnover reached 974 million USD, up 10% over the same period.

(vasep.com.vn) Through the first quarter of the year, in a context where the shrimp industry still faced many risks, shrimp exporting enterprises still showed efforts and determination in production and business.

(vasep.com.vn) According to data from the Department of Fisheries, as of March 20, 2024, the shrimp farming area reached about 348,670 hectares, including 334,799 hectares of black tiger prawn farming area and 13,871 hectares of white leg shrimp farming area.

(seafood.vasep.com.vn) In the first quarter of this year, Vietnam's shrimp exports reached over 686 million USD, an increase of 14% over the same period in 2023.

Having identified its weakness in 2023, entering the first quarter of 2024, Vietnam's shrimp industry has undergone a clear change, reflected through increases in exports to major markets.

With available potential and advantages, the Mekong Delta province of Bạc Liêu has been developing many shrimp farming models applying high technology, being environmentally friendly, enhancing the value chain and becoming a leading locality in the country in this field.

The southernmost locality is developing shrimp farming models that generate large outputs but are environment-friendly.