Vietnamese shrimps’ success and challenges

In 2010, Vietnam earned US$2.1-2.2 billion from shrimp export. This proves Vietnamese shrimp’s competitive capacity in international markets, but also creates new challenges.

Vietnam’s shrimp export increased in most of its markets, except for Canada.

According to the Vietnam Association of Seafood Exporters and Producers (VASEP), the success was brought by factors outside the country’s control.

Firstly, the oil leak in Mexico Gulf in April 2010 led to the growing demand for shrimp in the US market. Secondly, there was widespread epidemics in some ASEAN countries, which normally produce 75 percent of the world’s shrimp for export.

In 2011, Vietnamese shrimp will face severe competition from other nations.

This will be a great challenge for Vietnamese products because of the weak forecast system, and the lack of effective communication between shrimp breeders and exporters. – VOV

Tags: Vietnam shrimps