HANOI: The Vietnam Association of Seafood Exporters and Producers (Vasep) believes that Vietnam will have an increase of about 10-15 per cent in shrimp exports this year due to recovery in shrimp consumption of some markets. In addition, the demand for protein from aquatic products is increasing. Therefore, in the future, seafood production will have more chances to develop, especially shrimp. Vietnam targets shrimp export turnover of US$4 – 4.3 billion this year. Regarding export markets, the US and China will continue to be the two largest markets for Vietnamese shrimp exports in 2024, accounting for about 40-45 per cent of the shrimp industry’s export value. To overcome transportation cost hikes due to tensions in the Red Sea, some shrimp…
