Shrimp export target set at 4.3 billion USD in 2023

According to the 2023 plan of producing shrimp, the country will have 750 thousand hectares of shrimp farms, exporting a worth of USD 4.3 billion.

Vietnam had 737,000 ha of brackish water shrimp farms in 2022, no more than 2021, the Directorate of Fisheries reports. The total farming area of black tiger shrimp reached 622,000 ha and the farming area of white leg shrimp were 115,000 ha. As many as 745,000 tons of brackish water shrimp, 271,000 tons of black tiger shrimps and 474,000 tons of white leg shrimp were produced.

Vietnam saw a considerable growth in output and export value in 2022, with the total export value reaching USD 4.1-4.2 billion, up more than 10% from 2021.

According to the 2023 plan of shrimp production, the country will spend 750,000 ha of land on shrimp farms and export a worth of over USD 4.3 billion.

However, according to the Ministry of Agriculture and Rural Development, information sharing, post larva production updates, and traceability are difficulties faced by the shrimp sector. This also results in big challenges to the management of shrimp production.

Besides, the production cost is higher than other countries in the region. This is attributed to high feed price, which accounts for over 65% of the total cost in industrial shrimp production. Moreover, expenses for post larvae are high as they must be imported. Facilities for shrimp production are poor, and water resources are vulnerable to pollution during production, living activities, and pesticides used for agricultural production.

Deputy Minister Phùng Đức Tiến requests shrimp farmers and businesses to strictly follow legal regulations related to aquaculture, food safety, and animal health. The key species must be promptly registered upon Article 36 of Decree no.26/2019/NĐ-CP.

Product quality must be improved and a supply chain must be formed so as to cut intermediaries and reduce production costs. Trade promotion must be enhanced for further domestic consumption; VietGAP, GlobalGAP, and ASC farming models must be multiplied. Shrimp farmers and businesses must strictly follow regulations related to the use of prohibited substances, drugs, and chemicals in shrimp culture, product quality, and traceability.

(Source: https://vietfishmagazine.com/)

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