Tightened controls on antibiotic residues for shrimp industry

The shrimp industry earned US$3.8 billion in export revenue in 2017 and is striving to reach a revenue target of US$8-10 billion by 2025 as laid out the Government.
tightened controls on antibiotic residues for shrimp industry

The realization of this objective will require a concerted effort by government agencies, businesses, and farmers to confront the issue of antibiotic residues and impurities, stresses Minister of Agriculture and Rural Development Nguyen Xuan Cuong.

An increase is projected in the volume of shrimp exports in 2018 amid a drop in prices over 2017 and the emergence of tougher competition from export markets such as India, Thailand, Indonesia, and Ecuador. Turnover in seafood exports is expected to climb by 4% to US$8.5 – 8.6 billion this year.

Shrimp sector a large factor in total seafood exports

In 2017, aquaculture exports reached a value of US$8.3 billion, an increase of 18% on the previous year. Accounting for 46%, shrimp exports represent a substantial proportion of the total, rising by 21%to bring turnover to US$3.8 billion. Shrimp is considered a key product in the development of Vietnam’s seafood exports over the next decade, occupying up to 46%-75% of the country’s total aquatic export turnover.

To fulfill the US$8.5 billion export target for this year toward higher value in the following years, the fisheries sector, especially the shrimp industry will require the support and cooperation ofthe Ministry of Agriculture and Rural Development (MARD), the Directorate of Fisheries, and parties concerned to deal with important and urgent issues, especially those relating to antibiotic residues and impurities in shrimp.

“Regulation on antibiotic levels and impurities in shrimp is a thorny issue which needs to be resolved fully and immediately”, Mr Cuong emphasizes. According to Truong Dinh Hoe, General Secretary of Vietnam Association of Seafood Exporters and Producers (VASEP), apart from having the advantage of modern processing technologies, high value-added products, large-scale eco-shrimp farming areas, and huge investments from private businesses, the shrimp industry has faced setbacks concerning residual antibiotics and impurities in shrimp thus negatively impacting shrimp production and exports.

Ensuring shrimp are free from antibiotics and impurities

In efforts to curtail antibiotic residues and impurities, the business community has intensified their oversight, leading to higher prices and production costs, and eroding customer confidence.

The shrimp sector’s business community has prioritized tackling the issue of residual antibiotics and impurities in shrimp with a view to expanding shrimp exports to foreign markets in the future.

Last year, the EU outstripped the US to become the world’s leading importer of Vietnamese shrimp with a turnover of US$867 million, up 45% thanks to growing demand and their higher competitive capacity than India, Vietnam’s main rival in the EU market.

The EU market has reduced its shrimp imports from India as 50% of its shrimp shipments are carefully inspected at border areas and it is highly probable that the EU will issue a ban on the import of India’s shrimp products as a result of concerns over residual antibiotics

Meanwhile, Vietnam’s shrimp exports to the Australian market fell by nearly 5% to US$182 million due to the restrictions on imports of raw shrimp products rolled out in January 2017, and on uncooked prawns in June 2017.

Although the ban has been lifted as of July 6, 2017, Australian imports of uncooked shrimp remain modest. While the Australian Government has recently loosened restrictions to allow the import of shrimp products, it has also has imposed stricter regulations and conditions on imported shrimp.

According to VASEP, issues surrounding antibiotics and impurities found in shrimp have dealt a strong blow to income from shrimp exports. In an effort to improve the profile of Vietnam’s shrimp industry in the eyes of international consumers and ensure sustainable development for the industry, VASEP advised the Ministry of Agriculture and Rural Development to consider establishing a program to control residual antibiotics and impurities in shrimp production and farming.

Source: VOV

Related News

Tax sector achieves revenue target of about VND1.7 million billion

Tax sector achieves revenue target of about VND1.7 million billion

VCN – Motivated by the revenue collection by the end of December 2024, the General Department of Taxation has accomplished the revenue collection.
Customs sector improves efficiency of revenue collection efficiency in the last months of the year

Customs sector improves efficiency of revenue collection efficiency in the last months of the year

VCN – In order to achieve revenue target of VND375,000 billion of the estimate, the General Department of Vietnam Customs (GDVC) requests units in the whole Customs industry to improve the efficiency of revenue collection in the last month of the year.
Shrimp industry needs solutions to achieve export target this year

Shrimp industry needs solutions to achieve export target this year

The shrimp industry needs comprehensive solutions from production of breeding shrimp to processing to achieve this year's 4.3-billion-USD shrimp export target.
Cau Treo Customs achieves 63.4% of revenue target

Cau Treo Customs achieves 63.4% of revenue target

VCN – As of June 15, Cau Treo International Border Gate Customs Branch (under Ha Tinh Customs Department), the branch collected VND324 billion, reaching 63.4% of the target.
Comment

Latest News

Embracing green exports: a pathway to enter global supply chains

Embracing green exports: a pathway to enter global supply chains

This shift presents both a challenge and an opportunity for Vietnamese businesses to innovate and enhance their competitive edge in the international arena.
New policy proposed to prevent transfer pricing, tax evasion of FDI enterprises

New policy proposed to prevent transfer pricing, tax evasion of FDI enterprises

The ministry proposes to issue a decree on the establishment, management and use of the Investment Support Fund to stabilise the investment environment, encourage and attract strategic investors and multinational corporations.
Việt Nam’s durian exports to China plummet by 80%

Việt Nam’s durian exports to China plummet by 80%

This sharp decline has had a direct impact on Việt Nam’s fruit and vegetable export revenue, which stood at US$416 million in January 2025, marking a 11.3 per cent decrease month-on-month and a 5.2 per cent drop year-on-year.
Coconut exports reach 14-year high

Coconut exports reach 14-year high

In 2024, fresh coconut and coconut product exports surpassed US$1 billion, marking the highest figure in the past 14 years.

More News

Shrimp exports grow in the first month of 2025

Shrimp exports grow in the first month of 2025

According to data from the Việt Nam Association of Seafood Exporters and Producers (VASEP), shrimp products recorded a 13 per cent increase in export value in January 2025, reaching a total of $273.3 million.
Rice export prices drop, but decline expected to be short-term

Rice export prices drop, but decline expected to be short-term

Việt Nam’s rice export prices have declined, reaching their lowest level in three years.
Key agro products expected to maintain export growth this year

Key agro products expected to maintain export growth this year

At present, agricultural exports, such as rice, coffee and seafood, have steadily secured a stable place in major global markets.
EU issues 12 warnings against Việt Nam’s food and agricultural exports

EU issues 12 warnings against Việt Nam’s food and agricultural exports

The Việt Nam SPS Office has reported that some Vietnamese export products failed to meet the EU’s stringent standards.
Việt Nam to impose VAT on low-value express-imported goods

Việt Nam to impose VAT on low-value express-imported goods

Việt Nam will end a previous policy that exempted imported goods valued under VNĐ1 million (US$39.4) from taxes when shipped via express delivery.
Exchange rate risks need attention in near future

Exchange rate risks need attention in near future

VCN - Exchange rate developments in 2025 are considered to be quite complicated due to US policies related to trade and investment.
Vietnam kicked off the year with a strong start in trade, exceeding US$63 billion in the first month

Vietnam kicked off the year with a strong start in trade, exceeding US$63 billion in the first month

VCN - Data from the General Department of Vietnam Customs indicates a softening of both exports and imports in January 2025, relative to the same month in 2024.
Import and export turnover reaches about US$29 billion in the second half of January 2025

Import and export turnover reaches about US$29 billion in the second half of January 2025

VCN - Vietnam's total import and export turnover in the second half of January 2025 (January 16-31, 2025) reached US$28.9 billion, the latest preliminary statistics of the General Department of Vietnam Customs reported.
Market edges up slightly as liquidity remains low

Market edges up slightly as liquidity remains low

Market breadth remained positive, with 161 gainers outnumbering 144 decliners.
Read More

Your care

The system has not recorded your reading habits.

Please Login/Register so that the system can provide articles according to your reading needs.

Latest Most read
Embracing green exports: a pathway to enter global supply chains

Embracing green exports: a pathway to enter global supply chains

This shift presents both a challenge and an opportunity for Vietnamese businesses to innovate and enhance their competitive edge in the international arena.
New policy proposed to prevent transfer pricing, tax evasion of FDI enterprises

New policy proposed to prevent transfer pricing, tax evasion of FDI enterprises

The ministry proposes to issue a decree on the establishment, management and use of the Investment Support Fund to stabilise the investment environment, encourage and attract strategic investors and multinational corporations.
Việt Nam’s durian exports to China plummet by 80%

Việt Nam’s durian exports to China plummet by 80%

This sharp decline has had a direct impact on Việt Nam’s fruit and vegetable export revenue, which stood at US$416 million in January 2025, marking a 11.3 per cent decrease month-on-month and a 5.2 per cent drop year-on-year.
Coconut exports reach 14-year high

Coconut exports reach 14-year high

In 2024, fresh coconut and coconut product exports surpassed US$1 billion, marking the highest figure in the past 14 years.
Shrimp exports grow in the first month of 2025

Shrimp exports grow in the first month of 2025

According to data from the Việt Nam Association of Seafood Exporters and Producers (VASEP), shrimp products recorded a 13 per cent increase in export value in January 2025, reaching a total of $273.3 million.
Mobile Version