According to the Viet Nam Association of Seafood Exporters and Producers, the tra fish sector faces competition grom China, India, Indonesia and Bangladesh who each represent around 15-20 per cent of global production. — VNS Photo kinhtenongthon.vn Viet Nam’s fisheries exports are unlikely to meet the US$10 billion target set by the Government for this year because of the multiple challenges like the US-China trade war, lack of demand and increasing competition. In the first 10 months of the year, exports were worth only $7.09 billion, down 2 per cent from the same period last year, as the prices of major export items like catfish and shrimp fell, Truong Dinh Hoe, secretary general of the Viet Nam Association of Seafood Exporters and Producers (VASEP), told a recent conference in Can Tho City. Viet Nam has this year set targets of achieving $4.2 billion in shrimp export value and $2.3 billion in tra fish export value, which accounts for nearly 38 per cent of the country’s total export value. However, from January to October this year, the shrimp exports reached only $2.78 billion, a year-on-year decrease of 6.4 per cent, while tra fish export value was only $1.64 billion, down 10… Read full this story
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