The southernmost province of Ca Mau is striving to earn 2.5 billion USD from shrimp exports by 2025. (Photo: VNA) Ca Mau (VNA) – The southernmost province of Ca Mau is striving to earn 2.5 billion USD from shrimp exports, and become the largest shrimp breeding hub in the country by 2025. Under the shrimp industry development plan, the province eyes to expand shrimp raising area to 279,000 hectares with a total output of 233,000 tonnes by 2020. It expects to gain 1.8 billion USD from shrimp shipments to foreign markets. By 2025, the shrimp breeding area will be reduced to 260,000 hectares but its total output and export revenue is hoped to reach 320,000 tonnes and 2.5 billion USD. In a bid to realise the set target, the provincial authorities will prioritise developing infrastructure in large-scale shrimp raising areas, applying advanced technology, and use rational production methods. The province will expand super-intensive, intensive and semi-intensive shrimp farming, … [Read more...] about Ca Mau targets 2.5 billion USD from shrimp exports by 2025
Shrimp exports by country
Measures sought to facilitate Vietnam’s shrimp export to US
According to the Vietnam Association of Seafood Exporters and Producers (VASEP), though shrimp export in the first four months grew by 13.8 percent annually to over USD1 billion, the April figure dropped by 0.4 percent year-on-year, reaching over USD275 million.Last year, while shrimp export to countries surged, it fell by 8 percent from 2016 in the US market, partly due to high anti-dumping tax.In early March, the US Department of Commerce (DOC) announced preliminary results of anti-dumping tax on Vietnamese shrimp during the 12th period of review from February 1st, 2016 to January 31st, 2017, amounting to 25.39 percent, much higher than the previous reviews.Though lawyers discovered DOC’s miscalculations and preliminary results only serve as a reference, the ruling worried both sellers and buyers.Source: VNAIn April 2018, shrimp was added to the SIMP by the National Oceanic and Atmospheric Administration. Accordingly, shrimp importers must fully abide by SIMP’s … [Read more...] about Measures sought to facilitate Vietnam’s shrimp export to US
Shrimp export: Cà Mau seeks to earn $2b
Viet Nam News CÀ MAU - Southernmost Cà Mau Province is striving to earn US$2 billion from shrimp exports by 2020, nearly doubling last year's export revenue. Under a project to boost the shrimp industry, the province aimed at expanding shrimp raising farms to 280,000ha by 2020, with total output of 280,000 tonnes. By 2030, the shrimp raising areas would no longer be expanded, but productivity would be improved from one tonne per hectare per year to 1.48 tonnes, which would help boost total output to 415,000 tonnes. Shrimp export revenue was expected to reach $3 billion by 2030. According to Nguyễn Tiến Hải, chairman of the provincial People's Committee, Cà Mau Province had great potential to boost shrimp production due to an intertwined river system. However, shrimp production in Cà Mau Province was heavily dependent on the weather, and there were insufficient measures to mitigate the negative impact of national disasters, especially droughts, flood tides and landslides, which … [Read more...] about Shrimp export: Cà Mau seeks to earn $2b
Vietnam targets 10 billion USD in shrimp exports by 2025
(VOVworld) - The Ministry of Agriculture and Rural Development is outlining a plan to develop Vietnam’s shrimp industry towards an export revenue of 10 billion USD by 2025. Vietnam has become the world’s third largest shrimp exporter after China and Indonesia. Vietnamese shrimp is available in 100 countries and territories. Vietnam is the biggest shrimp supplier to Japan, the third biggest to the US, and the fourth biggest to the EU. Truong Dinh Hoe, Secretary General of the Vietnamese Association of Seafood Exporters and Processors, says Vietnam has an advantage over Thailand, India, and Indonesia with respect to white leg shrimp and giant tiger prawn exports. “In the past shrimp prices were high because we depended totally on fishing. Now that white leg shrimp and lobsters are cultured, prices have dropped. This has boosted the supply, consumption, and profitability of Vietnamese shrimp products”, Hoe explains. Nhu Van Can, Director of the Aquaculture … [Read more...] about Vietnam targets 10 billion USD in shrimp exports by 2025
PM calls for higher shrimp export target
PM calls for higher shrimp export target The Saigon Times Daily Prime Minister Nguyen Xuan Phuc (3rd R) inspects shrimp products of Minh Phu Group. The Ministry of Agriculture and Rural Development’s US$10 billion shrimp export target by 2030 is low, said Prime Minister Nguyen Xuan Phuc - PHOTO: VGP HCMC - The Ministry of Agriculture and Rural Development has set a target for the country to earn US$10 billion from shrimp exports by 2030 but Prime Minister Nguyen Xuan Phuc on February 6 said this is a very low goal, the Government’s portal chinhphu.vn reported. Phuc, speaking at a conference in Ca Mau City on February 6 on development of Vietnam’s shrimp sector and measures to turn shrimp processing into a key sector, said just a single company could contribute one-fifth of this export target. “At a working session (with me) on February 6, Minh Phu (a major seafood processing firm) is striving to obtain total shrimp exports of US$2 billion by … [Read more...] about PM calls for higher shrimp export target