March 13, 2024 - The shrimp industry has always been playing a pioneering role in Vietnam's seafood exports worldwide for over two decades. Shrimp exports account for approximately 40 - 45% of the total seafood export value, equivalent to 3.5 - 4 billion USD each year. In 2023, Vietnamese shrimp was exported to about 100 markets, with the top five destinations being the EU, the US, Japan, China, and South Korea, and ranking in the top four globally alongside Ecuador, India, and Indonesia.
Despite facing many difficulties and challenges, shrimp continues to maintain its dominant position in Vietnam's seafood industry and contributes significantly to the overall growth of our agriculture sector. In 2023, the total area of brackish water shrimp farming nationwide reached 737 thousand hectares, producing approximately 1.12 million tons. Notably, although the farming area did not increase significantly, the total shrimp production increased by 5.5% compared to 2022. However, challenges from various aspects led to a decline in shrimp export turnover in 2023, reaching only 3.45 billion USD, a decrease of 19.8% compared to 2022. In 2024, shrimp export is forecasted to rebound and increase slightly by 10 - 15% compared to 2023, expected to bring in over 4 billion USD.
In 2023, the seafood industry, including shrimp, witnessed a certain decline due to various objective factors: abnormal weather conditions, continuous increases in input costs, high inflation in many countries, significant logistics costs, etc., leading to sluggish export performance and directly impacting domestic raw shrimp prices.
In 2024, the difficulties and challenges of the shrimp industry have not yet been resolved. However, this may only be short-term, as the development prospects of the shrimp industry remain very optimistic, especially from the second half of 2024. To quickly overcome immediate challenges and sustainably develop this important sector, the Government has directed relevant ministries, sectors, and localities to work together to address issues and promptly seize new opportunities. Most importantly, accompanying shrimp farmers and maintaining shrimp ponds to ensure export momentum.
"In company with shrimp farmers" is also the theme of the VietShrimp 2024. The Organizing Committee of VietShrimp 2024 hopes that this will be a major forum for four parties: Management - Scientists - Businesses - Farmers to come together to find the most effective solutions to bring Vietnam's shrimp industry back on track for growth, while realizing the goal of sustainable development for Vietnamese shrimp.
Upon the approval of the Ministry of Agriculture and Rural Development, the People's Committee of Ca Mau Province, the Vietnam Association of Fisheries, in coordination with the Department of Fisheries, the Department of Agriculture and Rural Development of Ca Mau Province, the Vietnam Fisheries Magazine, and many other units will organize the 5th Vietshrimp Aquaculture International Fair in 2024 (VietShrimp 2024). The exhibition will take place from March 20th to 22nd, 2024, at the Ca Mau Province Conference Center. Address: No. 1, Le Duan Street, Ward 1, Ca Mau City, Cà Mau Province.
VietShrimp 2024 is expected to have around 240 booths from 150 domestic and international enterprises and organizations operating in all fields related to the seafood industry in general and shrimp in particular; specialized seminars with the participation and sharing of useful information from many managers, scientists, experts, and businesses devoted to Vietnam's shrimp industry. The 2-day conference program will reflect on Research on technology transfer application promoting circular economy in the Vietnamese shrimp value chain; Dialogue on low-emission and sustainable shrimp industry through circular economy; Quality improvement and value enhancement; Achieving the highest efficiency in shrimp farming.
VietShrimp has been successfully organized four times in 2016, 2018 (in Bac Lieu Province), and 2021, 2023 (in Can Tho City); becoming a major event of Vietnam's seafood industry and a specialized shrimp exhibition with regional and Asian significance. The Vietnam Fisheries Magazine and Vietnammedia Co., Ltd. are the two units entrusted by the Vietnam Association of Fisheries to organize this event.
With the desire to continue bringing Vietnamese shrimp to new markets, affirming its position and brand on the global shrimp industry map, the Organizing Committee of VietShrimp 2024 hopes to continue receiving great attention from millions of shrimp farmers, farms, enterprises, domestic and international experts, relevant departments, press agencies, as well as visitors.
To register for the event, visit HERE.
The Aquaculturists
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