Vietnam"s shrimp industry charts own course amid global competition
Illustrative image
Despite its availability in over 150 countries, Vietnam's shrimp industry is grappling with fierce competition from global counterparts, prompting the proactive application of technology and strategic planning as the sector is making endeavors to carve out its unique path forward.
A representative from the Vietnam Association of Seafood Exporters and Producers (VASEP) revealed that Ecuador has substantially boosted its shrimp production, reaching an impressive output of 2.5 million tonnes.
In a noteworthy development, the Department of Science and Technology in the southernmost province of Ca Mau, along with the Research Institute for Aquaculture No. 2, has for the first time successfully piloted a shrimp farming model in Cai Nuoc and Dam Doi districts.
This innovative super-intensive white-leg shrimp farming model, carried out in three stages, relies on recirculating aquaculture technology to minimise water exchange and ensure biological safety. It has led to a reduction in costs for chemical treatment, labour and water replacement for shrimp ponds, thus increasing output by over 20% compared to conventional methods.
The Mekong Delta provinces of Ca Mau and Bac Lieu are also actively investing in aquaculture and shrimp farming infrastructure to bolster their efforts in this sector.
At a shrimp pond in Bac Lieu (Photo: VNA)
To propel the transition to sustainable high-tech shrimp farming, Director of the Research Institute for Aquaculture No. 2 Nguyen Thanh Tung highlighted the need for strategic planning of farming areas with access to the national power grid, a stable power supply, clean water, and proximity to waterways.
According to the General Department of Vietnam Customs, the country's shrimp exports were estimated at 3.4 billion USD in 2023, down 21% year on year.
VASEP attributed the drop to a sharp decrease in demand in key markets such as the US, Europe and China that were influenced by economic fluctuations and intensified competition from other nations./.
Related News
Latest News
An Giang Province to turn textile-garment, footwear into key export items
14:48 | 09/05/2024 Import-Export
“Hopeful stars" for businesses on the new journey
09:51 | 09/05/2024 Import-Export
Vietnam remains attractive destinations for Japanese IT firms
15:42 | 08/05/2024 Import-Export
Pepper exports decrease in volume, increase in value
15:38 | 08/05/2024 Import-Export
More News
Open credit flow to support import and export
09:30 | 08/05/2024 Import-Export
Import turnover increases by US$13.5 billion
09:30 | 08/05/2024 Import-Export
Green production, trade will help wood industry increase export: Viforest
14:30 | 07/05/2024 Import-Export
Hanoi attracts over 1.1 billion USD in FDI in four months
14:28 | 07/05/2024 Import-Export
FDI flows strongly into manufacturing, real estate
14:26 | 07/05/2024 Import-Export
Maintaining recovery momentum amid uncertainties
09:09 | 07/05/2024 Import-Export
Make use of the most of favorable factors for economic growth
15:38 | 06/05/2024 Import-Export
Textile and garment businesses face difficulties due to lack of domestic supply
15:36 | 06/05/2024 Import-Export
Vietnam leads in export rice prices globally
15:34 | 06/05/2024 Import-Export
Your care
An Giang Province to turn textile-garment, footwear into key export items
14:48 | 09/05/2024 Import-Export
“Hopeful stars" for businesses on the new journey
09:51 | 09/05/2024 Import-Export
Vietnam remains attractive destinations for Japanese IT firms
15:42 | 08/05/2024 Import-Export
Pepper exports decrease in volume, increase in value
15:38 | 08/05/2024 Import-Export
Open credit flow to support import and export
09:30 | 08/05/2024 Import-Export