Japan becomes largest importer of VN’s shrimps

vietnamnews

Update: May, 17/2017 – 15:47

Việt Nam exported shrimp to 68 markets in the first quarter of 2017. — Photo vcci.com.vn
Viet Nam News HÀ NỘI — Japan has become the largest market for Vietnamese shrimps, accounting for 21.9 per cent of the country’s shrimp export value in the first quarter of 2017.

The Việt Nam Association of Seafood Exporters and Producers (VASEP) reported that in the first three months of this year, Việt Nam’s shrimp exports to Japan reached US$135.4 million, a year-on-year increase of 29.6 per cent. The significant growth is because of the rise of the yen, which has encouraged Japanese enterprises to move to imported shrimp.

Also, Japanese consumers tend to switch to cheaper seafood, which has increased the demand for shrimp as they are more affordable than other seafood such as tuna, salmon and squid.

In the high-end market segment, the demand for giant tiger prawns and shrimps with head on is also rising.

Earlier this year, the average price of Vietnamese shrimp exported to Japan was $12 per kilo, while Indonesia’s rate was $11 and Thailand’s $10.

Although Việt Nam’s average price is higher than that of competitors in the region, exports to Japan saw significant growth, higher than both Thailand (13.9 per cent) and Indonesia (2.4 per cent).

The VASEP said that in the first quarter of 2017, Việt Nam exported shrimp to 68 markets. The top 10 markets include Japan, EU, US, China, South Korea, Canada, Australia, ASEAN, Taiwan and Switzerland, which together account for 95.4 per cent of Việt Nam’s shrimp exports.

There is a change in the position of the top 10 shrimp importers, with Japan replacing the US to become the largest importer, the EU holding its previous position at No 2, and the US taking the third position. — VNS

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This entry was posted in Nông nghiệp - Agriculture and tagged , , , by Trần Đình Hoành. Bookmark the permalink.

About Trần Đình Hoành

I am an attorney in the Washington DC area, with a Doctor of Law in the US, attended the master program at the National School of Administration of Việt Nam, and graduated from Sài Gòn University Law School. I aso studied philosophy at the School of Letters in Sài Gòn. I have worked as an anti-trust attorney for Federal Trade Commission and a litigator for a fortune-100 telecom company in Washington DC. I have taught law courses for legal professionals in Việt Nam and still counsel VN government agencies on legal matters. I have founded and managed businesses for me and my family, both law and non-law. I have published many articles on national newspapers and radio stations in Việt Nam. In 1989 I was one of the founding members of US-VN Trade Council, working to re-establish US-VN relationship. Since the early 90's, I have established and managed VNFORUM and VNBIZ forum on VN-related matters; these forums are the subject of a PhD thesis by Dr. Caroline Valverde at UC-Berkeley and her book Transnationalizing Viet Nam. I translate poetry and my translation of "A Request at Đồng Lộc Cemetery" is now engraved on a stone memorial at Đồng Lộc National Shrine in VN. I study and teach the Bible and Buddhism. In 2009 I founded and still manage dotchuoinon.com on positive thinking and two other blogs on Buddhism. In 2015 a group of friends and I founded website CVD - Conversations on Vietnam Development (cvdvn.net). I study the art of leadership with many friends who are religious, business and government leaders from many countries. In October 2011 Phu Nu Publishing House in Hanoi published my book "Positive Thinking to Change Your Life", in Vietnamese (TƯ DUY TÍCH CỰC Thay Đổi Cuộc Sống). In December 2013 Phu Nu Publishing House published my book "10 Core Values for Success". I practice Jiu Jitsu and Tai Chi for health, and play guitar as a hobby, usually accompanying my wife Trần Lê Túy Phượng, aka singer Linh Phượng.

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