Vietnam shrimp exports expected to reach USD3.1b


Vietnam's shrimp exports in the first nine months of 2016 is valued at USD 2.2 billion, up 5.6 % compared to the same period last year, according to the Vietnam Association of Seafood Exporters and Producers (Vasep). Shrimp exports to the US, EU, China and Korea stayed firm, except for Japan which dropped 4.2%. Shrimp exports to China saw the highest growth of 30.3%, while to the US, EU and Korea increased 15.2%, 6.9% and 12.3% respectively.

Vasep said Vietnam shrimp exports in 2016 is expected to reach USD 3.1 billion, up 3.3% year on year. However, Vasep also estimates that there will be more challenges for shrimp exporters coming from stiffer quality requirements and anti-dumping duties set by some important markets.


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