Vietnam aims at US$4 billion of shrimp export revenue in 2021

Vietnam’s shrimp sector has set a target of 740,000ha in terms of its shrimp farming area in 2021,reaping 930,000 tonnes of brackish shrimp and total export revenue of US$4 billion.

At the fair held in Can Tho
At the fair held in Can Tho

The information was announced at the opening ceremony of the Vietshrimp Aquaculture International Fair 2021held by the Directorate of Fisheries, the Vietnam Fisheries Society, Vietnam Fisheries Magazine, and the People’s Committee of Can Tho on April 14.

Entitled “Sustainable Destination”, the three-day fair is anopportunity for managers, scientists, enterprises and farmers to share and introduce to one another new technology products, advanced models as well as connect shrimp production with consumption to enhance the productivity and sales value of Vietnamese shrimp products.

Chairman of the Vietnam Fisheries Society and head of the fair’s organising board Nguyen Viet Thang said that Vietnam is set to become the world’s leading producer of shrimp, accounting for 25% of the global shrimp segment as the country is expected to produce 4 million tonnes of raw shrimp, worth US$20 billion, by 2045.

General Director of the Directorate of Fisheries Tran DinhLuan said the fair is a chance for managers and enterprises in the field to exchange new technologies, approaches and models towards more sustainable shrimp production.

The fair features nearly 200 pavilions and the participation of nearly 150 domestic and foreign enterprises and organisations.