A shrimp farming pond in the central province of Ninh Thuan (Photo: VNA) Hanoi (VNS/VNA) – Vietnam’s pushback of the COVID-19 pandemic has helpedshrimp exporters raise their competitiveness on the world market,overtaking competitors such as India and Ecuador, which are stillstruggling with the outbreak and not yet able to return to normal production.
The statement was released by the Vietnam Association of Seafood Exporters andProducers (VASEP) in Hà Nội on May 26.
According to VASEP, the April shrimp export increased by 5.8 percent to 242.2million USD, marking total 872.8 million USD in the first four months of thisyear, up 2.9 per cent year-on-year.
General Secretary of VASEP Truong Dinh Hoe said the prices of shrimp in April,including raw materials, is more positive than in previous months. Inventory inbig markets is not much.
“Demand for shrimp decreased in restaurants and hotels but increased insupermarkets and retail systems thanks to the trend of home processing duringthe COVID-19 pandemic,” Hoe said.
Japan remained the largest shrimp import market of Vietnam, accounting for 20.7percent of the country’s the total export value. After a slight decrease inMarch, the export to Japan increased by 19 percent to 48.6 million USD inApril, making total January-April export value of 180.5 million USD, up 11 percentcompared to the same period last year.
It’s followed by the US with a turnover of 158.7 million USD in shrimp productsfrom Vietnam in the first four months of this year, an increase of 17 percentover the same period last year.
Meanwhile, the January-April export value to EU decreased by nearly 8 percent,reaching 123 million USD.
With the EU market, Hoe said Vietnam has a favourable advantage from theEurope-Vietnam Free Trade Agreement, which is currently being discussed by theNational Assembly and is expected to come into effect in July.
“However, potential risks still exist, so processors, exporters and shrimpraisers need to work closely to remove difficulties and seize opportunitieswhen the market recovers,” Hoe said.
China increased shrimp imports from Vietnam for the first time after acontinuous decline in the previous three months. In April, Vietnam’s shrimpexports to China reached 39.2 million USD, up 16.6 percent year-on-year. Thetotal exports to China in the first four months of this year reached 108.8million USD, down 15.5 percent year-on-year.
VASEP said that China's demand for shrimp imports in the second quarter of thisyear is expected to recover as the country has gradually curbed the COVID-19pandemic. Many Chinese shrimp enterprises have returned to production while thedomestic supply of Chinese shrimp is limited due to disease in farmed shrimp.
The statement was released by the Vietnam Association of Seafood Exporters andProducers (VASEP) in Hà Nội on May 26.
According to VASEP, the April shrimp export increased by 5.8 percent to 242.2million USD, marking total 872.8 million USD in the first four months of thisyear, up 2.9 per cent year-on-year.
General Secretary of VASEP Truong Dinh Hoe said the prices of shrimp in April,including raw materials, is more positive than in previous months. Inventory inbig markets is not much.
“Demand for shrimp decreased in restaurants and hotels but increased insupermarkets and retail systems thanks to the trend of home processing duringthe COVID-19 pandemic,” Hoe said.
Japan remained the largest shrimp import market of Vietnam, accounting for 20.7percent of the country’s the total export value. After a slight decrease inMarch, the export to Japan increased by 19 percent to 48.6 million USD inApril, making total January-April export value of 180.5 million USD, up 11 percentcompared to the same period last year.
It’s followed by the US with a turnover of 158.7 million USD in shrimp productsfrom Vietnam in the first four months of this year, an increase of 17 percentover the same period last year.
Meanwhile, the January-April export value to EU decreased by nearly 8 percent,reaching 123 million USD.
With the EU market, Hoe said Vietnam has a favourable advantage from theEurope-Vietnam Free Trade Agreement, which is currently being discussed by theNational Assembly and is expected to come into effect in July.
“However, potential risks still exist, so processors, exporters and shrimpraisers need to work closely to remove difficulties and seize opportunitieswhen the market recovers,” Hoe said.
China increased shrimp imports from Vietnam for the first time after acontinuous decline in the previous three months. In April, Vietnam’s shrimpexports to China reached 39.2 million USD, up 16.6 percent year-on-year. Thetotal exports to China in the first four months of this year reached 108.8million USD, down 15.5 percent year-on-year.
VASEP said that China's demand for shrimp imports in the second quarter of thisyear is expected to recover as the country has gradually curbed the COVID-19pandemic. Many Chinese shrimp enterprises have returned to production while thedomestic supply of Chinese shrimp is limited due to disease in farmed shrimp.
Insiderssaid that Vietnam’s export of shrimp has many opportunities when key shrimpexporters including India, Ecuador and Thailand have been delayed by thenational blockade. The orders of shrimp are expected to shift to Vietnam.
The upcoming EVFTA will help Vietnamese shrimp industry to compete better inEurope, along with low shrimp export tax to the US market, Vietnam’s shrimpexport is expected to continue increasing in the coming months.
However, the domestic shrimp industry is dealing with negative impacts fromdisease, drought and saline intrusion, which is hindering farmers to developshrimp breeding.
VASEP recommended farmers to raise shrimp in order to catch up with theopportunities after COVID-19. If the pandemic is completely controlled, themarket will restore and the price of shrimp will recover as well.
It said that consumers would switch to using smaller and medium sized shrimpdue to falling incomes. “In the context of the COVID-19 pandemic, large-sizedshrimp consumption channels, such as restaurants and hotels, were closed,resulting in reduced demand.”
To develop shrimp breeding area, Hoe said VASEP has proposed the Ministry ofAgriculture and Rural Development to create favourable conditions for shrimpraisers and fishermen in order to help businesses promote exports to the worldmarket./.
The upcoming EVFTA will help Vietnamese shrimp industry to compete better inEurope, along with low shrimp export tax to the US market, Vietnam’s shrimpexport is expected to continue increasing in the coming months.
However, the domestic shrimp industry is dealing with negative impacts fromdisease, drought and saline intrusion, which is hindering farmers to developshrimp breeding.
VASEP recommended farmers to raise shrimp in order to catch up with theopportunities after COVID-19. If the pandemic is completely controlled, themarket will restore and the price of shrimp will recover as well.
It said that consumers would switch to using smaller and medium sized shrimpdue to falling incomes. “In the context of the COVID-19 pandemic, large-sizedshrimp consumption channels, such as restaurants and hotels, were closed,resulting in reduced demand.”
To develop shrimp breeding area, Hoe said VASEP has proposed the Ministry ofAgriculture and Rural Development to create favourable conditions for shrimpraisers and fishermen in order to help businesses promote exports to the worldmarket./.
VNA
