Vietnam Expects Seafood Exports to Fall for Rest of 2015 on Declines in Shrimp, Pangasius Shipments
SEAFOODNEWS.COM [Vietnam News] July 24, 2015
Vietnam’s seafood exports will continue to decrease in the remaining months of this year after experiencing a 16% drop in the first half, said the Vietnam Association of Seafood Exporters and Producers (VASEP).
The forecast is made based on higher supply of seafood products and lower demand on the global market, the association said, adding local seafood exporters are facing fierce competition from other rivals in seafood exporting countries.
In the first half, Vietnam earned $3 billion from seafood export, down 16% from the same period last year. The country’s shrimp export revenue dropped by 29.2% on year to $1.2 billion during the period, the association said...
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