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Grim outlook for Vietnamese shrimp industry

High inflation has also eroded the countries domestic consumption, leading to unsold inventory. ....

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Vietnam's seafood exporters suffering with euro fluctuation

Following exchange fluctuations, Vietnamese seafood exporters are now faced with catastrophic changes in their orders, forcing them to lower export prices or find other solutions to stay competitive in the long run. ....

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Shrimp exporters bring home 3.85 billion USD in 2020 | Business

Hi-tech shrimp farming of the Vietnam Clean Seafood Corporation (Photo: VNA)
HCM City (VNA) - Earnings from
shrimp exports reached 3.85 billion USD last year, up 15 percent year-on-year despite difficulties caused by the COVID-19 pandemic.
Due to the low price of
domestic raw shrimp as of late October, however, breeders were not keen on continuing to breed them, resulting in a shortage in the early days of this year.
Shrimp prices will continue to rise if the market remains the same, said General Director of the Vietnam Clean Seafood Corporation Vo Van Phuc.
Analysts said 2021 will be favourable for shrimp exports and processing thanks to more orders coming from abroad. ....

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