Vietnamese seafood exports unlikely to meet USD 10 billion target
Tuesday, December 10, 2019, 00:00 (GMT + 9)
Vi?t Nam’s seafood exports are unlikely to meet the USD 10 billion target set by the Government for this year because of the multiple challenges like the US-China trade war, lack of demand and increasing competition.
In the first 10 months of the year, exports were worth only USD 7.09 billion, down 2 per cent from the same period last year, as the prices of major export items like catfish and shrimp fell, Truong Ðình Hòe, secretary general of the Vi?t Nam Association of Seafood Exporters and Producers (VASEP), told a recent conference in C?n Tho City.
Vi?t Nam has this year set targets of achieving USD 4.2 billion in shrimp export value and USD 2.3 billion in tra fish export value, which accounts for nearly 38 per cent of the country's total export value.
However, from January to October this year, the shrimp exports reached only USD 2.78 bill... FULL STORY