Shrimp exports expected to reach US$5 bln by 2020
The shrimp exports is expected to reach between US$4.5 – 5 billion by 2020, with an annual increase of between 9.5 – 12 percent.
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By 2025, the sector aims to earn US$10 billion and record a year-on-year increase of 12 – 14 percent.
It also plans to develop hi-tech shrimp production on large scale, with a total brackish-water shrimp raising area reaching 750,000 hectares, producing 1.1 million tonnes.
Vietnam is the world’s third largest shrimp exporter and the world’s leading exporter of giant tiger shrimp.
Shrimp export accounted for nearly 50 percent of the total seafood export with the highest value of nearly US$4 billion achieved in 2014.
The figure was US$3.1 billion in 2016 and is expected to hit US$3.4 billion in 2017.
