Shrimp exports to US likely to increase in last months of 2015
Shrimp exports to the US are expected to increase in the last months of 2015 due to low tariffs and high supply, said the Vietnam Association of Seafood Exporters and Producers (VASEP).
Shrimp exports to US likely to increase in last months of 2015 (Photo:static.tuoitre.vn
Shrimp exports to the US are expected to increase in the last months of 2015 due to low tariffs and high supply, said the Vietnam Association of Seafood Exporters and Producers (VASEP).
However, the growth will be modest as the US dollar and price competitiveness in the market are relatively high.
Shrimp exports to the US are expected to yield 638 million USD in 2015, down 40 percent compared to the previous year.
As of July 15, shrimp exports to the North American country had earned 284.6 million USD, plummeting 50.8 percent from the same period last year, the strongest fall in the country’s three biggest shrimp importers.
The US is Vietnam’s biggest consumer, accounting for 20 percent of total shrimp exports.
Shrimp exports to Japan, the EU, China and the Republic of Korea likewise plunged 18.6 percent, 15.2 percent, 26.1 percent and 19.3 percent, respectively.
✱ In the reviewed period, total shrimp export turnover hit 1.4 billion USD, down 28.1 percent annually, of which white-leg shrimp accounted for 824.2 million USD, dropping 29.2 percent, and tiger prawn reached 460.2 million USD, down 30.2 percent.-VNA
Shrimp exports, having gained a high value in the first half of this year, are expected to continue increasing in the second half of the year and raise the sector’s export value to 3.8 billion USD, the Saigon Times Daily reported.
Shrimp-processing firms will not be allowed to operate if they use less than 10 percent of their own raw materials, the Directorate of Fisheries has proposed.
Vietnamese shrimp processors and exporters should take advantage of a sharp fall in global supply caused by the early mortality syndrome (EMS) to seek and expand their markets, said Vice President of the Vietnam Association of Seafood Exporters and Producers (VASEP) Nguyen Huu Dung.
Shrimp export made a record high of 4.1 billion USD in 2014, which expanded by 25 percent from 2013, according to the Ministry of Agriculture and Rural Development.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Shrimp exports to US likely to increase in last months of 2015 (Photo:static.tuoitre.vn
