Vietnamese shrimp processors and exporters should take advantage of asharp fall in global supply caused by the early mortality syndrome (EMS)to seek and expand their markets, said Vice President of the VietnamAssociation of Seafood Exporters and Producers (VASEP) Nguyen Huu Dung.
According to VASEP, the increasing demand of shrimp in the UShas pushed up the shrimp prices in India, Thailand, Indonesia andVietnam, which are major farming countries, in recent times.
Apart from taking measures to expand export markets, enterprisesshould strictly manage their supply chains to proactively tackle theimposition of antidumping duties on Vietnam’s shrimp products fromforeign markets as well as control the quality of products, Dung added.
In the first eight months of 2014, the shrimpexport made up 50 percent of Vietnam’s seafood export value, up 8.8percent compared to the same period last year.
During the period, the export to the Republic of Korea, Vietnam’s fifth largestshrimp importer, increased by 115 percent year-on-year, while that tothe European Union (EU) nearly doubled.
Nguyen Quang Huy, ViceChairman of the My Thanh Shrimp Association of the Mekong Delta provinceSoc Trang said it is not arduous to seek new markets for Vietnameseshrimp products, especially when key farming countries such Mexico,Thailand and India are meeting with difficulties in production.
Vietnamese enterprises need to make the most of the situation to raisetheir market share in existing markets as well as look for new ones, henoted.
Statistics from the Vietnam Directorate of Fisheriesunder the Ministry of Agriculture and Rural Development showed that thefarming area strongly increased in almost localities across the country,especially in the Mekong Delta provinces.
In the last ninemonths, the growing area was 663,000 ha, up 5.2 percent against the sameperiod last year. The total output reached 395,000 tonnes, representinga year-on-year increase of 50 percent.
According to VASEP, theshrimp export turnover in 2014 will likely exceed 3.5 billion USD ifdiseases are well controlled and good sales to markets are maintained.-VNA
According to VASEP, the increasing demand of shrimp in the UShas pushed up the shrimp prices in India, Thailand, Indonesia andVietnam, which are major farming countries, in recent times.
Apart from taking measures to expand export markets, enterprisesshould strictly manage their supply chains to proactively tackle theimposition of antidumping duties on Vietnam’s shrimp products fromforeign markets as well as control the quality of products, Dung added.
In the first eight months of 2014, the shrimpexport made up 50 percent of Vietnam’s seafood export value, up 8.8percent compared to the same period last year.
During the period, the export to the Republic of Korea, Vietnam’s fifth largestshrimp importer, increased by 115 percent year-on-year, while that tothe European Union (EU) nearly doubled.
Nguyen Quang Huy, ViceChairman of the My Thanh Shrimp Association of the Mekong Delta provinceSoc Trang said it is not arduous to seek new markets for Vietnameseshrimp products, especially when key farming countries such Mexico,Thailand and India are meeting with difficulties in production.
Vietnamese enterprises need to make the most of the situation to raisetheir market share in existing markets as well as look for new ones, henoted.
Statistics from the Vietnam Directorate of Fisheriesunder the Ministry of Agriculture and Rural Development showed that thefarming area strongly increased in almost localities across the country,especially in the Mekong Delta provinces.
In the last ninemonths, the growing area was 663,000 ha, up 5.2 percent against the sameperiod last year. The total output reached 395,000 tonnes, representinga year-on-year increase of 50 percent.
According to VASEP, theshrimp export turnover in 2014 will likely exceed 3.5 billion USD ifdiseases are well controlled and good sales to markets are maintained.-VNA
