Shrimp industry optimises advantages for development
A shrimp processing factory (Photo: VNA)
To enhance its competitiveness and weather difficulties, Vietnam's shrimp industry is exerting stronger efforts and capitalising on every advantage to develop, according to insiders.Businesses in the shrimp industry faced numerous difficulties in 2022 such as a lack of information about the global shrimp sector, certificate of origin issues, and high production costs. Currently, they are striving to secure better growth this year.
Having won favour with global consumers, shrimp products in Vietnam now have a new advantage as farming zones have been granted production unit codes and quality certificates, including VietGAP and GlobalGAP.
Phung Duc Tien, Deputy Minister of Agriculture and Rural Development, said the ministry has asked businesses and farmers in the industry to fully comply with legal regulations on aquaculture, food safety, and animal health, including the Law on Fisheries. They were also requested to make production plans in case of drought, saltwater intrusion, environmental changes, diseases, and high input costs.
Aside from certified farming zones and incentives for farmers and enterprises to produce quality products, free trade agreements also give Vietnamese shrimp a competitive edge.
Some fishery experts said that under the EU - Vietnam Free Trade Agreement (EVFTA), which came into force on August 1, 2020, import tariffs on most of Vietnamese goods, including shrimp products, have gradually been removed. The deal has provided a legal basis and also an opportunity for businesses to boost healthy and fair operations in European countries.
Shrimp exports are targeted at 4.3 billion USD in 2023. (Photo: VNA)
In addition, the success in entering demanding markets is also partly attributed to the development of ecological and organic shrimp products.Ecological shrimp farming has developed mainly in mangrove forest areas where farmers only need to release shrimplets, monitor weather conditions, and ensure suitable salinity.
Thanks to favourable legal procedures and organic certification, shrimp products from eco-farming have been sold well in many markets.
Huynh Quoc Viet, Chairman of the People’s Committee of the southernmost province of Ca Mau, which is home to the largest ecological shrimp farming area in Vietnam, said thanks to their quality, local shrimp products have managed to enter Europe, Australia, the Republic of Korea, and Japan.
Exports to Europe have grown 41%, Australia 85%, Canada 23%, the Republic of Korea 14%, and Japan 13%. These are positive signs for promoting the role of eco-shrimp products, he noted.
Tien said that apart from boosting exports and adherence to quality standards like VietGAP, GlobalGAP, and ASC (Aquaculture Stewardship Council), businesses should also make use of the domestic market to promote the stature of domestically produced shrimp. That will help the industry achieve this year’s export target of 4.3 billion USD./.
Related News
Wood industry strives to regain growth momentum
15:21 | 23/03/2023 Import-Export
Breakthrough policies needed to develop electronics industry
15:05 | 24/02/2023 Import-Export
Room for industrial real estate development remains high due to short supply
19:39 | 19/02/2023 Headlines
Increasing localisation of auto industry helps support industries grow stronger
15:14 | 16/02/2023 Import-Export
Latest News
Saigontex 2023 attracts over 1,300 domestic, foreign businesses
14:01 | 06/04/2023 Import-Export
Mong Cai international border gate sees strong recovery
16:15 | 05/04/2023 Import-Export
Vietnam a potential market for French businesses, investors: experts
16:12 | 05/04/2023 Import-Export
Import and export turnover across Cao Bang prospers but still exists difficulties
10:25 | 05/04/2023 Import-Export
More News
Cashew industry strives to "get on the shelves of world supermarkets"
10:24 | 05/04/2023 Import-Export
HCM City’s industrial production index down 0.9% in Q1
14:47 | 04/04/2023 Import-Export
Fisheries exports estimated at 1.85 billion USD in Q1
14:45 | 04/04/2023 Import-Export
Quang Ninh aims to attract quality FDI inflows
14:43 | 04/04/2023 Import-Export
Exports face many difficulties
13:29 | 04/04/2023 Import-Export
Manufacturing enterprises increase their competitiveness thanks to digital transformation
13:28 | 04/04/2023 Import-Export
32nd Việt Nam Expo promises to boost business linkages
14:19 | 03/04/2023 Import-Export
Prevention of price risks before news that Indonesia increases rice imports in reserve
09:52 | 03/04/2023 Import-Export
Japanese investors highly appreciate Vietnamese property market
17:41 | 02/04/2023 Import-Export
Your care
The system has not recorded your reading habits.
Please Login/Register so that the system can provide articles according to your reading needs.
Saigontex 2023 attracts over 1,300 domestic, foreign businesses
14:01 | 06/04/2023 Import-Export
Mong Cai international border gate sees strong recovery
16:15 | 05/04/2023 Import-Export
Vietnam a potential market for French businesses, investors: experts
16:12 | 05/04/2023 Import-Export
Import and export turnover across Cao Bang prospers but still exists difficulties
10:25 | 05/04/2023 Import-Export
Cashew industry strives to "get on the shelves of world supermarkets"
10:24 | 05/04/2023 Import-Export