10 years of ups and downs for Vietnam’s shrimp industryVietNamNet Bridge - Vietnam’s shrimp has experienced many highs and lows in the last 10 years, but it may see more stable growth in the future. Vietnam's shrimp export turnover in 2007-20162007-2009: growth rate not high but stableIn 2008 and 2009, Vietnam’s shrimp export value increased steadily year after year with the growth rate of 8 percent for 2008 and 3 percent for 2009. The failure was anticipated as a series of barriers were set up by import countries to block Vietnam’s shrimp exports. Vietnam’s shrimp then had benefits from the US administration’s recognition that Vietnam shrimp industry did not get avsubsidy from the government. With the recognition, Vietnam’s shrimp exports did not bear double tax when entering the US market.In 2014, Vietnam’s shrimp exports exceeded the $4 billion threshold.

Source: VietNamNet News February 21, 2017 09:22 UTC