Vietnam Shrimp Exports Projected to Reach $4 Billion in 2024

Viet Bao

The Vietnamese shrimp industry is expected to earn a significant US$4 billion from exports this year, driven by a strong recovery in major markets and easing inflation. According to the Vietnam Association of Seafood Exporters and Producers (VASEP), this growth is attributed to increased demand for seafood, particularly frozen shrimp, in key markets such as the US and EU. With the seafood industry booming, Vietnam's shrimp exports are poised for a record year, boosted by competitive prices and high-quality products. Key industry trends, including sustainable seafood and seafood trade, are also expected to contribute to this growth.