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
VNA
