Ca Maus shrimp exports hit more than US$750 million

The southernmost province of Ca Mau earned more than US$750 million from shrimp exports in nine months up to October, up 12% over the same period last year and reaching 70% of this year’s plan, according to the provincial Department of Industry and Trade (DoIT).

Major importers include the US, Japan, the Republic of Korea (ROK) and Canada.

Phan Thanh Sang from the DoIT said shrimp exports show positive signs this year.  Shrimp exports in the fourth quarter of this year is likely to hit US$300-350 million as key markets like the US, EU and the ROK increase their imports to prepare for upcoming Christmas and New Year Festivals.

The target for US$1.1 billion shrimp export revenue may be within reach, said Mr Sang.