He went on to say that Việt Nam should become the world’s shrimp production base. Besides, global seafood exports now are worth around US$130 billion, with shrimp accounting for only around 10 per cent or $13 billion, they said. For Việt Nam to achieve the $10 billion export value by 2025, it would have to both increase shrimp output and value addition of shrimp products. Experts calculate that if the added value of shrimp is doubled by 2025, the country would earn $6 billion from exports. Some analysts concurred with Phúc, saying Việt Nam’s shrimp industry has all the conditions necessary to develop and become the world’s shrimp production hub.

Source: Viet Nam News February 20, 2017 02:54 UTC