Despite the complexities of COVID-19, shrimp exporters and processors still see a bright future ahead thanks to new markets, and boosting exports to traditional markets which have cut imports from China.

Vietnam’s export of aquatic products in July showed positive signs with an increase of 9 per cent year-on-year, particularly with exports of shrimp and other products rising, except for pangasius.

The US, one of Vietnam’s four top seafood export markets, represented 53.5 percent of Vietnam’s total seafood export value in the first three months of the year.

The US initiated Seafood Import Monitoring Program (SIMP), to take effect from December 31, has created significant challenges for shrimp exporters.

Both catfish and shrimp are meeting difficulties in exports because of the shrinking market. However, while catfish farmers still can make a profit, farmers of white-legged shrimp cannot.

VietNamNet Bridge - Never before has Vietnam’s shrimp industry met such difficulties, as technical barriers have been used in large importing markets.

Vietnam’s shrimp has experienced many highs and lows in the last 10 years, but it may see more stable growth in the future. Recently, PM Nguyen Xuan Phuc decided that Vietnam would aim to become a major shrimp production base fir the world.

VietNamNet Bridge - Prime Minister Nguyen Xuan Phuc has decided that Vietnam should become the shrimp production base of the world. 

VietNamNet Bridge - The US has decided to impose new anti-dumping duties on Vietnam’s shrimp, five times higher than previous years and two to three times higher than duties imposed on Vietnam's competitors.

VietNamNet Bridge - Artermia egg importers have complained that if they have to pay 5 percent import tax arrears, they will be pushed into a corner, while farmers will suffer the most.

VietNamNet Bridge - Damage to a large brackish-shrimp farming area in the Mekong Delta, caused by prolonged drought and saline intrusion, could cause a shortage of shrimp materials for export.

VietNamNet Bridge - Vietnam’s shrimp exports to the US are now taxed less than one percent, but shrimp exporters are not optimistic about exports.

 VietNamNet Bridge – The breeding of shrimp and other aquatic species in submerged forests in the Mekong Delta province of Tra Vinh in recent years has helped to preserve the forest's ecology.

VietNamNet Bridge - Viet Nam takes the lead among the world's shrimp supplier community for the highest number of businesses that have been granted four-star Best Aquaculture Practices (BAP) certification.

VietNamNet Bridge – The World Trade Organisation on November 17 announced the panel’s final decision on Vietnam ’s lawsuit against the US imposition of anti-dumping tax on its certain warm-water frozen shrimp,

 VietNamNet Bridge – After the US Department of Commerce imposed the highest ever anti-dumping duties on warm-water shrimp exports from Vietnam, prices for black-tiger and white-legged shrimp in the Mekong Delta have plunged dramatically.

 VietNamNet Bridge – Vietnamese shrimp exporters are now facing their highest-ever anti-dumping duty after eighth period of review (POR 8) by the US Department of Commerce (DOC) in late August.

Japanese businesses are planning to import shrimp from India and Indonesia instead of Viet Nam, due to the excessively high levels of oxytetracycline (OTC) in Vietnamese shrimp.

 French businesses encouraged to invest in Vietnam; WB: Vietnam’s economy to grow 5.5 percent in 2014; Vietnamese shrimp to enjoy zero tax rate in Japan