From SeafoodNews on October 30, since the EU -Vietnam Free Trade Agreement (EVFTA) came into effect in the middle of this year, Vietnam’s shrimp exports to the EU have increased by 10%-20% compared to the same period last year, making the amount of exports in the first nine months reached 2.7 billion US dollars, an increase of 10%.

Vietnam's farmed shrimp is one of the strongest recovery projects after the COVID-19 epidemic. It is estimated that by the end of this year, the total export value will reach 3.8 billion US dollars, an increase of 10% over 2019.

In recent years, the continuous improvement of the quality of Vietnamese shrimp products has enabled it to occupy a larger share in the main market. In order to maintain this momentum, Vietnamese companies have made every effort to develop a closed-loop supply chain so that the origin of the product can be traced at any time.

Although the COVID-19 pandemic still poses global challenges, the demand for fishery products has increased by 5% this year. In view of Vietnam's signed free trade agreement and the country's determination to improve quality, in the long run, it is expected that Vietnamese shrimp will penetrate the global market more deeply.

---

Please note: This article is translated based on Google web translation software, if there is an error, please contact us as soon as possible to correct.

Business Division of Food Safety and Regulatory Compliance of Global Foodmate provides food standards & regulations research, labelling compliance consulting/Chinese label design, industry public opinion monitoring and analysis, registration services (of Infant formula, FSMP, Health food, Novel Food Ingredients, Novel Food Additives, New Varieties of Food-Related Products and Overseas manufacturers of imported food) and other comprehensive food safety solutions for domestic and overseas enterprises and institutions in food industry. 

Please feel free to contact us: +86 10 68869850, E-mail: global_info@foodmate.net