The country's shrimp export revenue reached 500 million USD in the first 9 months of this year, up 32% against the same period last year. Specifically, EU's preference shifted from frozen shrimp to deep-processing shrimp.
This shows that refined shrimp from Vietnam is gaining popularity in this market. This is a great opportunity for Vietnam's shrimp industry to increase its value as well as its exports.
The EU tends to increase its shrimp imports in the last few months of the year to serve culture and food festivals, offering a chance for domestic businesses to boost exports.
