Haunted by the Coronavirus, Vietnam’s Seafood Industry Suffers
The coronavirus outbreak has exerted destructive influence on global seafood trade. Vietnam, one of the greatest victims, has seen about 50% of its overseas orders either canceled or postponed this March, though exporters have cut prices by about 25% to 30%. There is not enough space to hold all the unsold seafood, said one insider.
As the country’s customs statistics show, its aquatic export has contracted by 10% to US$0.989 billion during this January and February compared with the same period last year. Its lower exports to China is...
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