In 2024, Vietnam's shrimp industry is steadily progressing towards achieving nearly $4 billion in exports, a 15% increase compared to 2023.
According to the Processing and Seafood exports Vietnam, 2024, shrimp exports The export value reached nearly 4 billion USD, a 15% increase compared to 2023. Provinces such as Soc Trang, Ca Mau , Bac Lieu... are leading localities, contributing 800-900 million USD to the total shrimp export value of the whole country in 2024.
Typical shrimp exporting businesses include: Soc Trang Aquatic Products Joint Stock Company; Minh Phu Aquatic Products Group Joint Stock Company, Sao Ta Food Joint Stock Company, Tai Kim Anh Seafood Processing Joint Stock Company, Vietnam Clean Seafood Joint Stock Company...
Notably, in 2024, the Vietnamese shrimp industry capitalized on the recovery in demand and import prices in the US and Chinese markets, resulting in a strong surge in shrimp exports to these two major powers.
In addition, shrimp exporting businesses have maintained their position in markets such as Japan, South Korea, and the EU thanks to the reputation and quality of their products, as well as the advantages of value-added processed shrimp products.
On the other hand, Free Trade Agreements (FTAs) also provide a competitive advantage for Vietnamese shrimp products to accelerate their entry into many markets such as the UK, Canada, Australia, and Singapore.
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