(vasep.com.vn) In the early days of 2021, prices of black tiger shrimp and whiteleg shrimp surged. According to VASEP, shrimp prices are likely to continue to roar in 2021 despite the Covid-19 epidemic continuing.

(seafood.vasep.com.vn) 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.

Vietnam is one of the biggest producers of ASC certified seafood with hundreds of certified farms, but one company still managed to achieve a first for the country last year.

(seafood.vasep.com.vn) By the end of 2020, the export pangasius industry only brought in a turnover of about US$1.54 billion, a sharp decrease of 23% compared to 2019. From the beginning of 2020, pangasius exports has continuously declined due to the impact of Covid 19 and declining demand.

(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.

(seafood.vasep.com.vn) Vietnam sets a target achieving seafood export turnover of US$14-16 billion by 2030 and creates jobs for 3.5 million workers. By 2045, fisheries will be a modern commercial economy, a deep seafood processing hub, which belongs to the group of three leading countries in the world.

(seafood.vasep.com.vn) In 2020, due to the impact of the Covid-19 epidemic, Vietnam's export of cephalopod to South Korea decreased slightly. However, Korea is still the largest import market for Vietnamese cephalopod, accounting for over 40%.

In the midst of the Covid-19 epidemic, Vietnam's tuna exports to Canada in the first 11 months of 2020 still increased by 25% over the same period. The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), effective from January 14, 2019, has created leverage for tuna exports to this market.

(vasep.com.vn) Vietnam needs to implement measures to trace the origin of seafood, determined to implement the recommendations of the European Commission to remove the IUU yellow card.