Vietnam became the world’s third largest shrimp exporter in 2013 with export production at around 500,000 tons and export turnover exceeding US$3 billion for the first time, according to the Ministry of Agriculture and Rural Development.
|Workers process shrimps for export at a company. (Photo: SGGP)|
Last year, the US no longer imposed double tariffs on Vietnamese shrimps after admitting that Vietnamese shrimps did not receive subsidy from the Government. In addition, local shrimp industry recovered when production of white-leg shrimps reached 280,000 tons, an increase of more than 50 percent against the previous year.
The price of common tiger prawn was around VND240,000-280,000 per kilogram and that of white-leg shrimp was around VND140,000-190,000 per kilogram in the last days of 2013 in the Mekong Delta provinces. Some farmers saw profit of nearly VND1 billion per hectare thanks to high production and high price.
In 2013, the country’s seafood exports hit $6.5 billion.