Exporters forced to embrace domestic moves as coronavirus impact persists (Photo: VNA) Pangasius, also known as basa fish, from Vietnam’s Mekong Delta region has been exported to many different overseas markets including Japan, the ASEAN, the United States and Europe, but is generally ignored by the domestic market. However, the coronavirus pandemic has upset the applecart with sales witnessing a sharp fall – and therefore businesses are being forced to look closer to home. Vo Hung Dung, vice chairman of the Vietnam Pangasius Association said, “The domestic market share of basa fish has been as much as 10 per cent but more recently only 5 per cent. The expansion of the domestic market will help enterprises reduce pressure as well as increase sales in the context of the slowing demand of overseas markets.” Vietnam’s basa fish products have been exported to over 100 countries worldwide and played a key role in the development of Vietnam’s seafood industry. However, in the first six months of this year, exports of this sector reduced 29 per cent on-year. The Ministry of Agriculture and Rural Development last month hosted a trade promotion event for the product. Minister Nguyen Xuan Cuong said, “It does not… Read full this story
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