Vietnam’s aquatic product experts believe that if the breeding and processing links are ensured in 2021, Vietnam’s shrimp exports will continue to achieve high growth. At the same time, the benefits of various free trade agreements will become the driving force for shrimp export activities.
Experts in the Vietnamese industry believe that this year, Vietnam’s control of the new crown pneumonia epidemic and its accession to bilateral trade agreements will provide convenience for export companies, while the world’s shrimp demand continues to rise. According to the Vietnam Fisheries Processing and Export Association (VASEP), shrimp exports can reach US$4 to US$4.4 billion by 2021. In addition, it is predicted that the global shrimp market will reach 64.53 billion U.S. dollars by 2026 (48.7 billion U.S. dollars in 2020), with an average growth rate of 4.8%from 2021 to 2026.
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