Despite being heavily affected by natural disasters and epidemics, the economy of Ca Mau province has steadily overcome difficulties, gradually recovered, and maintained key areas of fishery-agriculture.

Efforts to overcome difficulties

Severe drought in the last dry season infected 25,600 ha of cultured shrimp, but the province’s fishery production still reached about 293,000 tons, up 2.3% over the same period. However, due to the effects of the Covid-19 epidemic, the fisheries sector is facing difficulties. Shrimp export turnover of the province is now more than 374 million USD, down more than 12% over the same period, reaching over 31% of the year plan.

Thanks to the recent training in aquaculture knowledge, the extensive, improved, intensive and super intensive models of shrimp farmers have been increasingly effective. The agriculture sector is constantly in the locality, timely updating the seasonal schedule to encourage people in production; especially for intensive and super intensive shrimp farming.

Trust from EVFTA

The Vietnam-EU Free Trade Agreement (EVFTA), just approved by the European Parliament (EP), which is expected to come into effect in July 2020, will create expectations for Vietnamese shrimp to be exported to the market. Europe more after the tax plummeted.

Import tax on most shrimp products to the European market will also be reduced from the basic tariff of 12-20% to 0% as soon as the agreement comes into effect. Therefore, exporters in Ca Mau are taking advantage of opportunities and advantages to increase export turnover for the shrimp industry and some key export processing industries of the province.

Determining to live with difficulties, with a series of synchronous solutions, the seafood export industry of Ca Mau has made efforts to overcome difficulties; Ca Mau shrimp has proved its resistance; Seafood export industry of the province is really a spring, compressed, now rebounded strongly.