Vietnam has become the world’s second-largest supplier of shrimp

Bởi Meksea Team - December 19, 2023

MEKSEA.COM – Agricultural and aquatic exports are expected to reach over 53 billion USD in 2023, including approximately 3.6 billion USD from shrimp exports. This information was shared by Vietnam’s Deputy Prime Minister, Mr. Le Minh Khai, at the opening ceremony of the 2023 Cà Mau Shrimp Festival and the OCOP (One Commune, One Product) Forum in the Mekong Delta on December 10.



Despite a lower-than-targeted GDP growth rate of around 5% for 2023 (compared to the set target of approximately 6.5%), Vietnam’s economic performance remains relatively high compared to many countries globally. The agricultural, forestry, and aquatic sectors are crucial pillars, growing by over 3.4%, sustaining their importance during challenging times.

Deputy Prime Minister Khai highlighted that Vietnam has become the second-largest shrimp provider globally, exporting to about 100 countries. The province of Cà Mau alone contributed around 1 billion USD to shrimp exports, representing 28% of the national total and maintaining this level for the past three years.

The shrimp industry in Cà Mau, one of Vietnam’s key shrimp farming provinces, has asserted its position in the global market by exporting to over 60 countries and territories. Deputy Prime Minister Khai emphasized the province’s achievements in sustainable shrimp farming models, such as super-intensive farming, shrimp-rice systems meeting ecological and organic standards.

To enhance efficiency and add value, Deputy Prime Minister Khai stressed the need for a focus on developing agricultural ecosystems, particularly in the shrimp industry. Additionally, he advocated for the establishment of a green and circular economy in agriculture, contributing to environmental protection and reducing greenhouse gas emissions.

According to the Vietnam Association of Seafood Exporters and Producers (VASEP), inflation is decreasing in major European countries, but demand remains weak. Conversely, shrimp demand in Southeast Asia and the Far East is expected to improve towards the end of the year due to Christmas and the Lunar New Year. Consequently, prices are projected to increase during this period due to seasonal low production.

The organizers of the 2023 Shrimp Festival highlighted various activities showcasing the achievements and potential of the shrimp industry, as well as distinctive products from Cà Mau and other Mekong Delta provinces. The event provided a platform for units and businesses to meet, promote brands, and expand their markets. A notable feature of the event was the exhibition space, including trade shows for the shrimp industry and OCOP products, with approximately 400 participating booths. Additionally, a series of conferences and workshops related to the shrimp industry and shrimp farming were held during the festival.


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By Hayati (Meksea Team)


(Reference: VASEP)

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