Shrimp exports bring home nearly 2.8 billion USD in nine months

Vietnam's shrimp export turnover is estimated at nearly 2.8 billion USD in the first nine months of this year – the highest among aquatic products, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

Shrimp processing for export (Photo: VNA)

The figure represented a surge of 10.5% compared to that of the same period last year, the association reported.

While frozen shrimp exports faced competition from Ecuador and India, processed shrimp maintained a strong market position. Overseas shipments of processed white-leg shrimp grew by nearly 10%, while frozen white-leg shrimp rose 4.5%.

Shipments to several major markets posted positive results. As of September 15, shrimp exports to the US reached 516 million USD, to the EU 337 million USD, to China and Hong Kong (China) 529 million USD, up 8%, 15% and 26% year-on-year, respectively.

VASEP forecast Vietnam is likely to rake in nearly 4 billion USD from shrimp exports this year.

Economy

Measures needed to adapt to US tariffs: Experts
Economy

Measures needed to adapt to US tariffs: Experts

Economists underlined the need for Vietnamese Government and businesses to apply measures to adapt to the new tariff policy of the US to maintain growth during a meeting held by the Ho Chi Minh City Department of Industry and Trade on April 8.

Proposed VAT reduction expected to boost consumption, businesses' growth
Economy

Proposed VAT reduction expected to boost consumption, businesses' growth

The Ministry of Finance (MoF) has proposed a 2% reduction in value-added tax (VAT) from July 1, 2025 to December 31, 2026, expanding eligibility to include fuel, petroleum, and certain technology products and services. Experts have believed the measure will stimulate consumption, support businesses, and drive economic growth.

Aquacultural cooperation exemplifies Vietnam - Cuba relations
Economy

Aquacultural cooperation exemplifies Vietnam - Cuba relations

Floating fish cages on La Juventud reservoir in Palacios town, Pinar del Rio province, stand as a testament to the Vietnam – Cuba friendship as Vietnam's tilapia farming technology has transformed this region into a key aquacultural hub, contributing to the Caribbean nation’s food security.