(seafood.vasep.com.vn) By October, Vietnam's shrimp exports had generated nearly $3 billion, reflecting an increase of over 10% compared to the same period last year. Shrimp remains the leading commodity contributing to the export turnover of the entire seafood industry.

The market is currently vibrant, with shrimp factories ramping up purchasing and processing to boost export sales. At Vietnam Clean Seafood Corporation (VINA CLEANFOOD), crispy fried shrimp are being prepared for export to Europe. The company aims to achieve sales of $110 million, a 20% increase from 2023, by enhancing purchasing efforts, deepening processing capabilities, and diversifying consumption channels.

The factory processes approximately 50 tons of raw shrimp daily and has mobilized over 1,500 workers to accelerate processing in order to meet export demands in the final quarters of the year.

This export boom has positively impacted domestic raw material prices. Many shrimp farmers in the Mekong Delta, like Mr. Long Van Nghia from Vinh Hau A commune in Bac Lieu, are pleased to see selling prices rising daily.

Mr. Pham Van Thieu, Chairman of the Bac Lieu Provincial People's Committee, noted, "The shrimp market is improving, and global purchasing power is recovering. The province has directed factories to strengthen ties with farmers to ensure a steady supply of raw materials for export."

As year-end festivals approach, there is potential for a significant surge in shrimp exports. Tapping into markets with a demand for highly processed shrimp products will help this billion-dollar industry continue to thrive and support Vietnam's seafood export target of $10 billion.

Source: VTV.vn