Asia – emerging market for Vietnamese shrimp exports
The Vietnam Association of Seafood Exporters and Producers (VASEP) held a seminar on world shrimp demand and Vietnam’s supply capacity in Ho Chi Minh City on August 29.
Processing shrimps for export at a Vietnamese facility (Photo: VNA)
HCM City (VNA) – The VietnamAssociation of Seafood Exporters and Producers (VASEP) held a seminar on worldshrimp demand and Vietnam’s supply capacity in Ho Chi Minh City on August 29.
At the function, Carson Blake Roper, anexpert on the EU market, cited a UN report on global urbanisation prospects assaying most of the world’s densely populated countries will be in Asia, whichis expected to see a rapid expansion of the middle class and free tradeagreements.
The region will also have higher demand forhigh-protein food, including shrimp and fish, he added.
Le Van Quang, head of Minh Phu Group boardsof directors, forecast shrimp consumption in Asia to surge, particularly inChina, despite its shrimp productivity having shrunk.
According to VASEP statistics, in the first sevenmonths of this year, Vietnamese shrimp exports to China, Japan and the Republicof Korea respectively increased 40, 35.2 and 27.4 percent from the same periodlast year.
Experts said Vietnamese exporters needspecific strategies for each market.
Roper advised these firms to build supplychains and refrigeration systems in Asian target markets, adding that improvedinfrastructure will help boost their competitiveness.-VNA
If the shrimp industry does not change it will be unable to export and will also need to be rescued like its pork, dragon fruit and watermelon counterparts, heard a recent seminar.
Vietnam earned 1.56 billion USD from shrimp exports in the first half of this year, up 15.7 percent annually, according to the Vietnam Association of Seafood Exporters and Processors (VASEP).
The United Kingdom was the largest importer of Vietnam’s prawns in the European Union (EU) in 2016, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
Vietnam’s shrimp exports to China reached 282.9 million USD in January-June, representing a year-on-year rise of 30 percent, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
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Processing shrimps for export at a Vietnamese facility (Photo: VNA) 
