Shrimp exports to reach 3.4 billion USD in 2023: VASEP
Vietnam’s shrimp exports in the first 11 months of 2023 are estimated at 3.15 billion USD, a decrease of 22% year on year, the Vietnam Association of Seafood Exporters and Producers (VASEP) has reported.
Shrimp exports are forecast to reach 3.4 billion USD in 2023 (Photo: VNA)
Hanoi (VNA) 🎉– Vietnam’s shrimp exports in the first 11 months of 2023 are estimated at 3.15 billion USD, a decrease of 22%year on year, the Vietnam Association of Seafood Exporters and Producers(VASEP) has reported.
The turnover of country’s export of the product topped 310 million USD in November, an increaseof 3.5% year on year.
♈ VASEAP has forecasted that shrimp exports in 2023 will be 3.4 billion USD, 21% lower than 2022’s figure.
Shrimpexports are still influenced by price competition in the context of excessive supply and low selling prices in the world. Exports to most of majormarkets were lower than the same period last year, except for some smallmarkets.
TheUS remained Vietnam’s largest importer, followed by Japan, the UE, and theRepublic of Korea (RoK).
ꩲ According to VASEP, shrimp prices will see upward trends in the remaining timeof the year in the EU, Southeast Asia and the Far East as major festivals are coming.
TheCentre for Digital Transformation and Agricultural Statistics under theMinistry of Agriculture and Rural Development said that in the first 11 monthsof 2023, the aquaculture output is estimated to reach over 4.9 million tonnes, up4.2% over the same period in 2022. Thecentre revealed that raw shrimp prices in the Mekong Delta provinces increased in November 2023, especially for large-sized shrimp, butthe supply was not much due to a decrease in prices./.
New farming solutions have helped reduce greenhouse gas (GHG) emissions by nearly 17% in extensive shrimp farms and nearly 11% in intensive farms, according to a research on monitoring GHG emissions from shrimp farming ponds.
The US Department of Commerce (DOC) has received a request for anti-dumping and anti-subsidy investigations on frozen warmwater shrimp imported from a number of countries, including Vietnam, according to the Trade Remedies Authority of Vietnam under the Ministry of Industry and Trade (MoIT).
Vietnam is exporting shrimp to about 100 countries and territories across the world, according to the General Department of Fisheries under the Ministry of Agriculture and Rural Development.
China’s Laoling city, in coordination with VINEXAD, hosted a series of events in Ho Chi Minh City from August 7-9 to seek trade and economic cooperation with Vietnam.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Shrimp exports are forecast to reach 3.4 billion USD in 2023 (Photo: VNA) 
