Vietnamese frozen shrimp eyes Australian market

The Viet Nam Trade Office in Australia reported that the Kangaroo country has high demands in aquaculture in which import turnover jumped from US$ 868 million in 2011 to US$ 1.6 billion in 2015 (up 84%). Last year, Viet Nam was one of Australia’s fourth largest aquatic providers after Thailand, China, and New Zealand by occupying 11.2% of the market share. Out of aquatic commodities, Australia yearly consumes 50,000-60,000 tons of shrimp.

Over the last five years, Viet Nam has been the biggest supplier of processed shrimps to Australia. However, due to strict regulations on shrimp import, Viet Nam has yet shipped frozen shrimps to Australia except for processed shrimp like boiled or breaded shrimp. Meanwhile, the demand for frozen shrimps remains extremely high.

Deputy Minister of Agriculture and Rural Development Vu Van Tam was quoted as saying that he had a working meeting with leaders of the Australian Ministry of Agriculture and Aquaculture, discussing overseas shipment of frozen shrimps.

The Australian side was interested in import of Vietnamese frozen shrimps and agreed to send a technical team to Viet Nam./.