Shrimp exports to fetch over 4 billion USD this year
Overseas shipments of shrimp products are set to earn more than 4 billion USD in 2022, up 2.56 percent on-year, as heard a conference held on March 11.
Soc Trang (VNA) – Overseas shipments of shrimpproducts are set to earn more than 4 billion USD in 2022, up 2.56 percenton-year, as heard a conference held on March 11.
The hybrid conference on shrimp sector development,co-organised by the Ministry of Agriculture and Rural Development and thePeople’s Committee of the Mekong Delta province of Soc Trang, gathered the participation of 28 coastal cities and provincesnationwide.
In his remarks, Deputy Minister of Agriculture and RuralDevelopment Phung Duc Tien requested relevant agencies and localities to identify difficulties and challenges facing the sector for the ministry to takeinto account during its works toward sustainable growth.
Tien himself listed a number of obstacles and shortcomingsincluding COVID-19-induced difficulties, outdated farming and ruralinfrastructure, and environmental pollution.
Participants put forth a series of solutions such as forminglinkages among shrimp farming localities; developing a scenario for brackishwater shrimp production in the context of COVID-19; and increasing the applicationof technological advances.
Per a report of the Vietnam Directorate of Fisheries,despite difficulties from abnormal weather and the pandemic, the sectorproduced 970,000 tonnes of shrimps last year, an annual rise of 4.3 percent.Shrimp export turnover grew 5.4 percent annually to about 3.9 billion USD in 2021,with Soc Trang and Ca Mau contributing over 2 billion USD to the sum.
As planned, in 2022, shrimp farming area will reach 750,000ha for a production of 980,000 tonnes./.
Vietnam’s shrimp export earnings will hit around 3.9 billion USD this year, up 4 percent from 2020, according to Le Hang, Deputy Director of the Vietnam Association of Seafood Exporters and Producers (VASEP)’s Training and Trade Promotion Centre (VASEP.PRO).
Shrimp export value exceeded 3.8 billion USD in 2021, up 3 percent from 2020 and making up around 45 percent of Vietnam’s earnings from the export of fishery products, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
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.
At the event (Photo: VNA) 
