Aquatic product exports shrink
(VOV) - Vietnam’s aquatic exports hit around US$514 million in September, bringing the total export revenue in nine months to nearly US$4.7 billion, down 17.8% against the corresponding period last year.
The Ministry of Agriculture and Rural Development reported on September 28 that major export markets all saw a decline, for example the US (down 30%) and Japan (11%).
As a result, domestic seafood processing businesses and shrimp and tra fish breeders have confronted numerous difficulties.
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Le Van Tu, a farmer in Binh Thoi village, Ben Tre province has lost almost half a billion Vietnamese Dong due to the fall in prices of different types of shrimp and shrimp epidemics.
Currently, 80% of shrimp breeders suffer losses.
Tra fish raising areas in Dong Thap, Vinh Long, An Giang and Can Tho provinces have also shrunk.
According to seafood businesses, exports from now to the end of this year are likely to improve but see no sudden rise.
It is very difficult for the fisheries sector to achieve this year’s export target of US$8 billion, experts said.