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Vietnam is the second-largest shrimp exporter in the world

Vietnam has become the second-largest shrimp supplier in the world. Export value accounts for 13 - 14% of the total shrimp export value of the world.

Information was given at the Forum Connecting the production, processing, and export of brackish water shrimp in Vietnam recently in Ho Chi Minh City.

Vietnamese shrimp has been exported to about 100 countries and territories, with 5 major markets including Europe, America, Japan, China, and Korea. Vietnam has become the world's second-largest shrimp supplier with export value accounting for 13-14% of the world's total shrimp export value.

Annually, the shrimp industry contributes about 40-45% of the total seafood export value, equivalent to 3.5-4 billion USD. Shrimp export turnover last year... also set a record when reaching $4.3 billion, up 11.2% compared to 2021.

In the first 6 months of 2023, the brackish water shrimp farming area of ​​the country reached 656,000 hectares, an increase of 6.4% over the same period last year, of which the place for black tiger shrimp was 605,000 hectares, and white leg shrimp was 51,000 hectares. The country's brackish water shrimp production reached 467,000 tons, up 4.1% over the same period in 2022.

However, shrimp export turnover in the first 6 months of the year only reached USD 1,546 billion, down 31.9% over the same period in 2022 and equaling 35.9% compared to the plan in 2023 (USD 4.3 billion). In June alone, shrimp exports reached 328.9 million USD, down 20.9% over the same period in 2022.

According to a representative of the Department of Quality, Processing and Market Development, the cause of this decline is the global economic slowdown, slow consumption demand; inflation and interest rates increased in the US, EU, and Korea; inventories are high, importers are rushing to release inventories; Indonesia and Ecuador harvest shrimp early with shrimp output and size that are competitive with Vietnamese shrimp.

In addition, the shrimp industry has also been facing many challenges such as climate change, drought, and salinity in the Mekong Delta, leading to the risk of disease outbreaks; seed sources are still highly dependent, and difficult to control quality; farming area infrastructure is not guaranteed; production is still small and fragmented; The production chain link is not tight and effective...

In the last 6 months of this year, the shrimp industry focused on maintaining the farming area and supplementing the harvested area as planned. Specifically, output in the last 6 months of 2023 is targeted at 563,000 tons.

To ensure output in the last months of the year, the shrimp industry has proposed solutions such as: maintaining production, stabilizing farmers' psychology, not harvesting massively; technical guidance suitable to the current conditions and context in the direction of stocking density can be reduced, large harvest size combined with solutions to reduce input costs; at the same time, focus on urgent solutions such as: reducing the costs of intermediaries, feed, input materials, reducing product costs to maintain production and ensure the plan of the year.


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