Tags:

shrimp

(seafood.vasep.com.vn) Facing market fluctuations and disease challenges, An Giang Province is implementing a high-tech agriculture transformation plan to enhance productivity, reduce risks and promote sustainable shrimp farming. By 2025, the province’s brackish-water shrimp farming area is projected to reach 137,000 hectares, with an estimated output exceeding 155,000 tons, positioning shrimp as one of the locality’s key economic pillars.

(seafood.vasep.com.vn) For many years, Vietnamese shrimp has been the “star” of seafood exports, with the US, EU, Japan, and China as key markets. However, this picture is gradually changing. High tariffs from the US, fierce competition from India and Ecuador, along with rising domestic production costs, are creating serious challenges for Vietnamese shrimp exporters. In this context, bringing shrimp back to the domestic market is not only a temporary solution but could also become a long-term strategy, creating a second pillar alongside exports.

(seafood.vasep.com.vn) Ca Mau is implementing an advanced intensive farming model for whiteleg shrimp using the RAS-IMTA technology (recirculating aquaculture system combined with integrated multi-trophic aquaculture).

(seafood.vasep.com.vn) Minh Phu Seafood Corporation recorded an after-tax profit of nearly VND 177 billion in the first six months of the year - almost four times higher than the same period last year - thanks to increased production and sales of value-added products.

(seafood.vasep.com.vn) Cà Mau actively promotes sustainable and environmentally friendly shrimp farming models such as shrimp-forest and shrimp-rice, aiming to enhance the value and competitiveness of exported shrimp. The province focuses on adopting international standards like ASC, BAP, GlobalGAP, and Organic to meet the increasingly stringent requirements of global markets.

Viet-Uc Group is making strategic moves to reinforce its pioneering role in shrimp broodstock production and enhance Vietnam’s global position in shrimp exports. According to Mr. Trinh Trung Phi, Deputy General Director of Viet-Uc Group, Vietnam currently ranks third worldwide in shrimp export volume, yet it holds significant potential to improve its ranking thanks to inherent advantages and consistent investments in science and technology.

(seafood.vasep.com.vn) In the first quarter of 2025, Vietnam’s shrimp exports to the European Union (EU) reached over USD 107 million, marking a 33% year-on-year increase and signaling a strong start to the year. The growth was driven by the recovery of demand in Europe, the proactive adaptation of Vietnamese exporters in diversifying their product portfolios, and the effective utilization of preferential tariffs under the EVFTA.

According to several raw shrimp traders and seafood processing and export enterprises in the province, immediately after the United States announced a 90-day suspension of countervailing duties, reducing the tariff from 46% to 10%, raw shrimp prices in the market have begun to stabilize and slightly rebound, with increases ranging from VND 5,000 to VND 10,000 per kilogram depending on segment and size. This is a positive signal, providing shrimp farmers with renewed motivation to prepare for the upcoming production season.

As one of the world’s top three shrimp-exporting nations, Vietnam’s shrimp industry is simultaneously facing numerous formidable challenges—ranging from climate change and high production costs to disease outbreaks and intense global competition. These pressures, however, present a pivotal opportunity for Vietnam to transform toward sustainable and environmentally responsible development.

This year, Vietnam's shrimp industry aims for 1.3-1.4 million tonnes in production and 4-4.3 billion USD in export turnover. Encouragingly, shrimp exports topped 605 million USD in the first two months of this year alone, up 46% year-on-year

The US is the top import market for Vietnamese shrimp and tuna and ranks as the second largest for pangasius (tra fish).

Sao Ta Foods (stock code: FMC) has set a target to sell 22,000 metric tons of shrimp this year and has outlined a proactive strategy to address risks related to anti-dumping and countervailing duty investigations in the U.S. market.

Over 200,000 ha of Vietnam's shrimp farms are cultivated organically and ecologically, certified by international organizations.

(seafood.vasep.com.vn) The first two months of 2025 recorded positive signals in Vietnam's seafood export activities, with total revenue reaching USD 1.423 billion, growing 18.2% compared to the same period in 2024. In February 2025, the export value hit USD 655.197 million, showing an impressive growth of 42.6%.

(seafood.vasep.com.vn) Sao Ta (FMC - HoSE), a key subsidiary of PAN Group, has announced impressive business results for February. The company's shrimp production reached 1,913 tons, a 106% increase compared to the same period last year, while agricultural product production reached 67 tons, up 6%.

(seafood.vasep.com.vn) In 2024, the total brackish water shrimp farming area in Ca Mau reached 278,600 hectares, with a shrimp output of 242,000 tons. This output achieved 99.59% of the set target and marked a 4.57% increase compared to the same period last year. The average shrimp yield attained 869 kilograms per hectare per year, representing a 38 kilograms per hectare per year increase compared to 2023. Shrimp export turnover reached USD 1.12 billion, positioning Ca Mau amongst the nation's leading localities in this sector.

(seafood.vasep.com.vn) In 2024, Ben Tre province expanded its high-technology application in aquaculture by an additional 523 hectares, surpassing the planned target of 500 hectares and achieving a fulfillment rate of 104.6%. To date, the province has converted 3,633 hectares to high-tech aquaculture out of the 4,000-hectare goal, representing 90.82% progress towards the 2021-2025 phase plan. This sector yields an average productivity of 60-70 tons per hectare, with a total output reaching 221,282 tons. The average profit margin ranges from VND 700 to 800 million per farming season, delivering substantial economic benefits to the local populace.

(seafood.vasep.com.vn) In 2025 In 2025, Vietnam's brackish water shrimp industry will continue to grow sustainably, enhancing value-added products with strong contributions from local authorities and the business community.

(seafood.vasep.com.vn) In January 2025, the country's total seafood output was estimated at 594,100 tons, a 0.7% increase compared to the same period last year. Specifically, fish production reached 443,400 tons, up 0.7%; shrimp output was 56,300 tons, up 3.1%; and other seafood products totaled 94,400 tons, down 0.9%.

(seafood.vasep.com.vn) Shrimp exports in 2024 reached nearly USD 4 billion, a 14% increase compared to 2023. Reflecting on 2024, the shrimp industry demonstrated resilience and persistent effort in overcoming challenges, solidifying its strong position in exports.