Vietnam to gain $4.8 billion from shrimp exportsVietnam’s shrimp industry is expected to gain an export value of 4.8 billion USD in 2018 due to the many advantages of export promotion, experts said. Vietnam expects to earn 4.8 billion USD from shrimp export in 2018These advantages from existing mechanism and policies include a programme on sustainable development of the fisheries economy during 2016-20. Under the programme, the shrimp industry will actively produce varieties of black tiger shrimp and white leg shrimp to meet the demand of market demand. In 2017, Vietnam gained 3.85 billion USD in seafood export value, a year-on-year surge of 22 percent, with large contribution from white shrimps at 2.5 billion USD. Last year, Vietnam exported shrimps worth 1.48 billion USD to the European Union, 1.41 billion USD to the US, 1.3 billion USD to Japan, 1.2 billion USD to China and 780 million USD to the Republic of Korea.-VNA

Source: VietNamNet News May 06, 2018 16:30 UTC