A pangasius processing plant in Cần Thơ. Seafood exports are expected to fetch US$2.1 billion in the second quarter, a year-on-year increase of 10 per cent. VNA/VNS
HO CHI MINH CITY (Vietnam News/ANN): Seafood exports are expected to fetch US$2.1 billion in the second quarter, a year-on-year increase of 10 per cent, according to the Việt Nam Association of Seafood Exporters and Producers (VASEP).
With their agility in exploring and diversifying markets, enterprises would continue to expand exports, it said.
It forecast shrimp export to top $980 million in Q2, a year-on-year increase of 10 per cent, and pangasius and marine product exports to increase by 7 per cent and 9.6 per cent to $712 million and $816 million.
Time for a stock market overhaul 09:54 | 16/03/2021
The overload technical issues of the Ho Chi Minh City Stock Exchange have been a subject of controversy over the past few weeks, with the blame being attributed to poor management and incompetence of an age-old technology. But what will be the way out?
Vietnamâs stock exchange operations have barely been modernised over past decades. Photo: Le Toan
A flood of individual investors has led to outages and trading overload issues for the Ho Chi Minh City Stock Exchange (HSX), with service disruptions coming during a period of frenetic trading.
Appetite for a better trading infrastructure has been seriously hampered by repeated problems which have not been addressed over the years. These outages generate inevitable criticism among traders and call into question the stability of the functionâs capacity.
Mixed fortunes for seafood sector in unpredictable year 14:00 | 04/03/2021
Last year has been a year with ups and downs for the seafood sector. While the consumption and export of basa fish stagnated mostly due to the global health crisis, shrimp farmers still saw a successful 2020. With an array of newly-effective free trade agreements, local seafood providers are now looking towards a future of boosted sales and exports.
Vietnamâs shrimp segment is going from strength to strength thanks to increasing demand, Photo: Le Toan
According to the Vietnam Association of Seafood Exporters and Producers (VASEP), by the end of 2020, the total value of Vietnamâs seafood exports reached $8.41 billion, down 1.9 per cent on year.
Vietnam’s agricultural and aquatic products are expected to see a big jump in exports to the United Kingdom on the back of the newly-enforced UK-Vietnam Free Trade Agreement.