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With this momentum, in 2022, the development potential and advantages of Vietnam's shrimp industry will still be huge, and it will continue to usher in new opportunities amid potential difficulties
.
According to the Vietnam Aquatic Products Processing and Export Association, although Vietnam's shrimp industry faces many difficulties and risks in 2021 and it may continue to 2022, it is only a temporary break
.
Nonetheless, both shrimp farmed production and exports in 2021 will show growth momentum compared to 2020
.
This result indicates the activity of each link of the shrimp value chain in Vietnam
.
To achieve this result, tens of thousands of shrimp farmers and tens of thousands of processing workers have made great efforts
.
.
Nonetheless, both shrimp farmed production and exports in 2021 will show growth momentum compared to 2020
.
This result indicates the activity of each link of the shrimp value chain in Vietnam
.
To achieve this result, tens of thousands of shrimp farmers and tens of thousands of processing workers have made great efforts
.
In 2022, there are not many opportunities for the accelerated growth of Vietnam's shrimp industry, but Vietnam's Ministry of Agriculture and Rural Development has set a target of more than US$4 billion in shrimp exports in 2022
.
At the same time, the Ministry of Agriculture and Rural Development will promote production along the value chain, apply technology to shrimp fry production and commercial shrimp production, strengthen the connection between shrimp farming places, carry out safe production, reduce costs and ensure product sales outlets
.
Export promotion through various international fairs
.
.
At the same time, the Ministry of Agriculture and Rural Development will promote production along the value chain, apply technology to shrimp fry production and commercial shrimp production, strengthen the connection between shrimp farming places, carry out safe production, reduce costs and ensure product sales outlets
.
Export promotion through various international fairs
.
According to the Vietnam Aquatic Products Processing and Export Association, the United States will be Vietnam’s largest shrimp export market in 2021
.
Meanwhile, the market for the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is showing a recovery trend towards the end of 2021
.
In addition, the shrimp industry and even the aquatic product industry have benefited the most from 16 new-generation free trade agreements, including the Vietnam-EU Free Trade Agreement (EVFTA) and the Vietnam-UK Free Trade Agreement (UKVFTA)
.
.
Meanwhile, the market for the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is showing a recovery trend towards the end of 2021
.
In addition, the shrimp industry and even the aquatic product industry have benefited the most from 16 new-generation free trade agreements, including the Vietnam-EU Free Trade Agreement (EVFTA) and the Vietnam-UK Free Trade Agreement (UKVFTA)
.
The representative of the Vietnam Aquatic Products Processing and Export Association also said that for CPTPP, in 2022, Vietnam’s largest shrimp export market, the United States, is expected to surge, as the country’s demand and Vietnam’s transition to a state of flexibility to adapt to the epidemic
.
After the implementation of CPTPP
.
Vietnamese shrimp processing and exporting enterprises enjoy more advantages
.
In 2022, among the four import markets of Vietnam’s shrimp products in the CPTPP, including Japan, Canada, Australia and Singapore, the export of shrimp products to the Japanese market will recover slowly, and the recovery momentum of markets such as Canada, Australia and Singapore will be good
.
.
After the implementation of CPTPP
.
Vietnamese shrimp processing and exporting enterprises enjoy more advantages
.
In 2022, among the four import markets of Vietnam’s shrimp products in the CPTPP, including Japan, Canada, Australia and Singapore, the export of shrimp products to the Japanese market will recover slowly, and the recovery momentum of markets such as Canada, Australia and Singapore will be good
.
In order to achieve the export target of shrimp products in 2022, the General Administration of Fisheries has proposed to provide advice to the Ministry of Agriculture and Rural Development, effectively implement the national action plan for shrimp industry, realize the diversification of shrimp products in Vietnam, improve shrimp quality, and move towards development and environmental safety.
Shrimp farming
.
(over)
Shrimp farming
.
(over)
