The information was revealed by Nguyen Viet Thang, President of the Vietnam Fisheries Society and head of the organising board, at a recent press conference on the biennial event.
The VietShrimp 2020 is hoped to host more than 200 booths of domestic and international businesses in the fisheries industry and the shrimp sector. Numerous symposiums will be arranged in the fair, he added.
Focusing on sustainable development of the shrimp industry, the fair will seek to bolster business connections and introduce new farming technologies and advanced models in the hope of raising quality and value of Vietnam’s shrimp sector.
The two previous editions of the event were held in the southern Bac Lieu province, which is home to about 120,000 hectares of shrimp cultivation area.
After continuous declines in the first months of 2019, overall shrimp exports also began to recover in July with an increase of 13.4 percent and reached 334 million USD thanks to businesses’ efforts to boost sales to such major markets as the US, China, and Australia.
Vietnam aims to earn 4.1-4.2 billion USD from shrimp exports this year, higher than the level of 3.6 billion USD recorded in 2018, according to the Directorate of Fisheries under the Ministry of Agriculture and Rural Development.