“In company with shrimp farmers” is the title of the fifth Vietshrimp Aquaculture International Fair in 2024 (VietShrimp 2024). The fair will run on March 20 – 22, 2024 at the Ca Mau Convention Center, addressed 01 Le Duan Street, Ward 1, Ca Mau city, Ca Mau province.
The last two decades have seen a significant role of the shrimp sector in Vietnam’s seafood exports. The shrimp export value annually contributes to 40 – 45 percent of the total seafood export value of the whole country, equal to USD 3.5 – 4 billion (2022 saw a record high with more than USD 4.3 billion). Vietnamese shrimps have entered into 100 countries, with the five biggest markets being: Europe, the US, Japan, China, and South Korea. Vietnam has risen to become the world’s second-largest shrimp supplier, with an export value accounting for 13 – 14 percent of the global shrimp export value.
The country’s total brackish water shrimp farming areas reached 747,000 hectares in 2022, producing over 1 million metric tons, 8.5 percent higher than 2021, and exporting a worth of USD 4.3 billion, up 11.2 percent from a year earlier. The country targets to spend as much as 750,000 hectares of land on shrimp culture in 2023, with the Mekong Delta making up 90%, thus, the production of various shrimp species is expected to reach over 1 million metric tons, and the shrimp export value is targeted to be approximately equivalent to the previous year.
Vietnam’s shrimp sector has witnessed a steady rise in farming areas, production, and export value for years. However the sector is now slowing down due to climate change, high priced input raw materials, and disease risks. Additionally, soaring inflation in countries and increasingly high logistics costs result in severe difficulties in exports, leaving a consequence of low-priced domestic shrimp materials amidst the uncertain market prospect. Farmers start to rear shrimps in panic, and the shrimp farming areas decline as a result. Many businesses are worried of a short supply of shrimp materials when the peak shipping season is ahead.
Nevertheless, these difficulties are just temporary because the shrimp sector is forecasted to thrive in the coming months, especially at the end of the year when shrimp consumption goes up. So as to overcome these difficulties and develop this important sector, the Government has directed relevant ministries, sectors, and local authorities to work out early solutions so that opportunities, if any, can be grasped in time. It is important that shrimp farmers should be specially in the company of relevant institutes, and as such, shrimp farming areas can be fully stocked and shrimp exports can be secured.
“In company with shrimp farmers” is the title of the fifth Vietshrimp Aquaculture International Fair in 2024 (VietShrimp 2024). The organizers of Vietshrimp 2024 hopes this will become a forum for four parties, Managers – Scientists – Businesses – Farmers, to work out effective solutions so that Vietnam’s shrimp sector can return to growth as well as materialize the target of sustainable development of the Vietnamese shrimp. The fair will run on March 20 – 22, 2024 at the Ca Mau Convention Center, addressed 01 Le Duan Street, Ward 1, Ca Mau city, Ca Mau province.
VietShrimp, which was successfully held in 2016, 2018 (in Bạc Liêu province), 2021, 2023 (in Cần Thơ city), has become an important event of Vietnam’s fisheries industry and a major fair of the region and Asia. The Vietnam Aquaculture Magazine and VietnamMedia Ltd., Company are assigned to hold this event by the Vietnam Fisheries Society.
There will be 250 pavilions registered by more than 150 domestic and international businesses and organizations related to the shrimp and fisheries industry. Conference programs will be attended by managers, scientists, experts, and businesses who have been devoting their lives in Vietnam’s shrimp sector, hence, useful information will be shared.