Experts held that in order to maintain the export momentum, which has been maintained since late 2024, and effectively seize new market opportunities, the shrimp industry must proactively enhance production conditions and standardise processes from production to trade.

With double-digit growth in key markets, Vietnam's shrimp exports are projected to rake in 4 billion USD in 2024, according to insiders.

An alliance was set up on June 17 with a view to promoting sustainable shrimp production, an important sector in Vietnam’s agriculture.

The CPTPP will create a good chance for Vietnamese shrimp exporters to capitalise on the Canadian market, even though the Southeast Asian nation is already the top shrimp supplier there.

Intensive processing has served as an effective tool for Vietnamese shrimp exporters to improve their competitive capacity in the context of a steep increase in the global supply which brought down the price and demand for shrimp in major markets.

The Vietnam Association of Seafood Exporters and Processors (VASEP) has projected shrimp exports to continue gathering momentum this year, particularly in the EU and China.