Friday, 07/08/2020 20:19 (GMT+7)
The US is the only market among the main export markets of Vietnam’s shrimp recording continuous positive growth in the first half of the year, said the Vietnam Association of Seafood Exporters and Producers (VASEP) on August 5.
Photo for illustration. (Source: baodautu.vn)
In the first six months of the year, Vietnam’s shrimp export to the US was valued at USD323.3 million, a year-on-year rise of 29%.
The COVID-19 epidemic was complicated in the US in the first half, with the highest number of infections and deaths in the world. However, the demand for shrimp in the market did not decrease during the period due to serving retail channels, e-commerce and delivery at home.
In the US, Vietnam’s shrimp is competitive over competitors thanks to stability and faster production, while supply sources from India and Ecuador still suffered huge impacts.
However, Vietnam’s shrimp export to the US in the third quarter is forecast to be not as high as the previous quarters because India and Ecuador shifted their exports to the market.
According to VASEP, with advantages on low anti-dumping tax, shrimp export to the US in the whole year of 2020 is projected to rise about 20% compared to 2019./.
BTA