Vietnam enjoys strong growth in shrimp exports to RoK
Illustrative photo (Source: VNA)
Hanoi (VNA) – Vietnam has so far this year exported 243.2 million USD worth of shrimp to the Republic of Korea (RoK), a surge of 29.8 percent year on year, reported the Vietnam Association of Seafood Exporters and Producers.
The RoK is currently the fifth largest market of Vietnamese shrimp after the EU, Japan, China and the US.
In 2007-2016, Vietnam’s shrimp exports to the RoK enjoyed strong growth, with the country a stable market where shrimp are sold at a high price.
The Ministry of Agriculture and Rural Development views the RoK as a promising market with opportunities for domestic shrimp exporters amidst difficulties in traditional markets such as the US and the EU
Related news
Seafood export revenue may reach US$8.2 billion this year Total export turnover of seafood may amount to a staggering US$8.2-8.3 billion in all of this year
The tide is changing for offshore aquaculture This story was produced by Ensia in collaboration with the Food & Environment Reporting Network, a non-profit investigative news organization.
5 global trends spawning seafood innovation Five accelerating global trends are driving market demand behind this transformation: the need to predict and understand climate change impacts