Vietnam expects to earn 2.5-2.6 billion USD from shrimp exports in 2013, up by 15 percent from last year, attributable to the stability of the monthly average turnover of 250 million USD from shipping this produce.
According to the Vietnam Association of Seafood Exporters and Processors (VASEP), seafood exports raked in 4.7 billion USD in the first nine months of this year, 4.5 percent more than the same period last year, including 2 billion USD contributed by shrimp.
The surge results from a hike in the global price of shrimp due to its scarce supply.
In the remaining months of this year, shrimp exports are expected to continue enjoying advantages thanks to positive signals in the US market as the US Department of Commerce (DoC) recently confirmed that Vietnamese businesses trading with the US do not dump their frozen warm-water shrimp products on the market.
The increase in shrimp exports is also attributed to changes in the global market when some countries are cutting down their export of shrimp due to infectious diseases in this crustacean.
Vietnam has constrained the diseases, thus ensuring the supply of shrimp to the world and making a high profit./.