Shrimp exports surge sharply

Vietnam earned around US$500 million from seafood exports in July, bringing the total export value over the past 7 months to US$3.1 billion, up 24.8 percent from the same period last year.

Among key seafood export products, shrimp has achieved the highest growth. The country has exported more than 115,000 tonnes of shrimp, earning more than US$1.1 billion so far.

The price of unprocessed shrimp has increased by VND 60,000-70,000 per kilo. Despite the sharp increase, most processing factories in the Mekong Delta region are currently short of materials, allowing them to only operate at 40-50 percent of their capacity.

Many businesses rushed to purchase unprocessed shrimp, causing a huge surge in the product’s price.

(VOVNEWS)