Hanoi (VNA) –The export of Vietnamese shrimps to Japan has shown signs of recovery thisyear, after a 9.2-percent decrease in 2018.
In February, Japan wasthe only market among the seven largest importers of Vietnamese shrimps postinga rise with a growth rate of 14.7 percent.
The increase wasattributed to advantages of the Comprehensive and Progressive Agreement forTrans-Pacific Partnership (CPTPP), which began taking effect in January.
In addition, theexport of shrimps to Japan in 2019 is expected to achieve two-digit growthcompared to 2018 as all import tariffs of Vietnam’s aquatic products exportedto Japan will be reduced to zero percent within this year thanks to the Vietnam-JapanEconomic Partnership Agreement.
Japan is currently thesecond largest export market for Vietnamese shrimp, accounting for 18 percentof the total in value.
The shrimp exportvalue to this market reached 639.4 million USD last year, down 9.2 percentyear-on-year.-VNA
The export of aquatic products earned the country 372 million USD in February, bringing the total export value of those products in the first two months of 2019 to 1.11 billion USD, up 4.4 percent from a year ago.
Vietnam sets a target of earning 4.1-4.2 billion USD from shrimp exports this year, higher than 3.6 billion USD recorded in 2018, according to the Directorate of Fisheries under the Ministry of Agriculture and Rural Development (MARD).
Vietnam now ranks fourth globally, first in Southeast Asia and second in Asia in terms of exports of seafood, and its products are now available in over 170 countries and territories worldwide.
Shrimp enterprises should seek ways to increase competitiveness to realise the sector’s export target of 4.2 billion USD in 2019, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
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Shrimp processing for export (Source: VNA) 
