Vietnam likely to see 15% y-o-y rise in shrimp exports in 2024: VASEP

February 24, 2024

However, a projected 10-15 percent increase in shrimp export growth would be a silver lining for the sector, as some shrimp importers’ economy is making a steady rebound, Phuong said. Besides, the U.S. and China would remain the biggest buyers of Vietnamese shrimps in 2024, constituting some 40 percent and 45 percent of the Southeast Asian country’s total shrimp export revenue, respectively. He attributed the lower-than-expected export sales to ineffective and disconnected shrimp farming in the province. He suggested that relevant agencies should support shrimp farming localities in seeking more effective technical solutions to enhance the latter’s business outcomes and reduce production costs. The ministry is set to achieve at least $4 billion in shrimp export turnover this year.

The source of this news is from Tuoi Tre News

Featured Jobs