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    Home > Food News > Food Articles > Vietnamese shrimp production is expected to reach 1 million tons this year

    Vietnamese shrimp production is expected to reach 1 million tons this year

    • Last Update: 2022-10-12
    • Source: Internet
    • Author: User
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    According to the news from SeafoodNews on September 28, this year's Vietnamese shrimp production target is 1 million tons, which will help the competitiveness of the Vietnamese shrimp industry in the world market, and for the Vietnamese shrimp industry, increasing shrimp production is a continuous problem
    .
     
    The demand for shrimp in the global market is still on the rise, with global shrimp trade expected to be about $32 billion per year and expected to grow
    at an average annual growth rate of 6%.
    With the improvement of people's living standards, the demand for shrimp products in the domestic and international markets of Vietnam is increasing
    .
     
    Vietnamese shrimp production will exceed 970,000 in 2021, of which about 300,000-400,000 tons will be used for domestic consumption, and increasing shrimp production will help Vietnam's shrimp industry maintain competitiveness
    with major exporters such as Ecuador, India, Indonesia, Thailand and China.
     
    In 2021, Vietnamese shrimp production ranked third
    after Ecuador and India.
    Based on the area and production achieved in 2021, as well as shrimp production and market conditions, it is expected that Vietnamese shrimp production is likely to reach 1 million tons
    for the first time this year.
     
    The increase in shrimp production in Vietnam will be mainly based on the expansion of the area and the increase in the production of white shrimp in South America, in addition to expanding the area, increasing productivity is also an important solution to increase the production of white shrimp in South America, and the potential to improve the productivity of white shrimp in South America is still very large
    .
     
    Vietnam's Ministry of Agriculture and Rural Development will focus on supporting fishermen to apply high technology to shrimp farming to improve productivity and economic benefits
    .
    Many local governments in the Mekong Delta are promoting the development of high-tech shrimp farming models, including Can Giuoc district in Long On Province
    .
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