Facing strong competition from foreign rivals, Vietnam’s shrimp industry is promoting deep processing, generating big profits for both processors and exporters.
In less than two months, tea exports earned nearly US$24.2 million (equivalent to about VND600 billion), a sharp increase compared to the same period last year.
2024 will continue to be a challenging year for the leather and footwear industry but there are still many prospects to increase exports this year, according to Vice President and General Secretary of the Vietnam Leather, Footwear and Handbag Association (Lefaso) Phan Thi Thanh Xuan.
To date, Vietnamese exported goods have been involved in 239 trade remedies investigations. Typically, products such as shrimp, tra fish, honey and aluminium have always coped with investigations, investigation warnings, lawsuits, and imposition of anti-subsidy taxes.
Vietnamese aquatic exports to Australia in January-February 2024 surged by 33% year on year with shrimp accounting for over 60% of the total turnover, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).