Cuttlefish, octopus exports fall sharply
Export of cuttlefish and octopus since the beginning of the year has
seen a year-on-year decline of about 20 percent in value, inflicting
numerous difficulties on enterprises in the field.
Export of cuttlefish and octopus since the beginning of the year has
seen a year-on-year decline of about 20 percent in value, inflicting
numerous difficulties on enterprises in the field.
According to the Vietnam Association of Seafood Exporters and Producers (VASEP), total earnings from the two products in the January 1 – May 15 period stood at 136.8 million USD, down 22.8 percent from the same period last year.
Export value to six major markets - the Republic of Korea, Japan, the EU, ASEAN, China-Hong Kong, Russia and the US, which together account for 90.4 percent of Vietnam’s total cuttlefish and octopus exports, also saw sharp reductions over the past three consecutive months.
Many processing businesses in coastal provinces reported a shortage of materials, with some forced to cut 40-50 percent of their processing capacity or manufacture without profit in order to maintain jobs for hundreds of workers.-VNA
According to the Vietnam Association of Seafood Exporters and Producers (VASEP), total earnings from the two products in the January 1 – May 15 period stood at 136.8 million USD, down 22.8 percent from the same period last year.
Export value to six major markets - the Republic of Korea, Japan, the EU, ASEAN, China-Hong Kong, Russia and the US, which together account for 90.4 percent of Vietnam’s total cuttlefish and octopus exports, also saw sharp reductions over the past three consecutive months.
Many processing businesses in coastal provinces reported a shortage of materials, with some forced to cut 40-50 percent of their processing capacity or manufacture without profit in order to maintain jobs for hundreds of workers.-VNA
You should also see
Exhibition aims to foster cooperation in smart urban development
More than 500 businesses from many countries and territories are displaying technologies and solutions for smart urban development at the Smart City Asia 2024 exhibition that opened in Ho Chi Minh City on April 17.
See more
Videos
Real estate market thrives, entities ready to re-enter market
The real estate market has witnessed positive developments, with a slew of projects, including billion-dollar projects, being announced and called for investment in the first quarter of 2024.
Business
Forum discusses support for women-owned firms to join supply chains
A forum on supporting women-owned businesses to join supply chains through sustainable development tools took place in Hanoi on April 17.
Business
Satisfaction of administrative services improves
Vietnamese citizens had greater satisfaction with the administrative services provided by State agencies last year, according to the Satisfaction Index of Public Administration Services (SIPAS) 2023 announced by the Ministry of Home Affairs (MoHA) on April 17.
Business
Petrol prices increase slightly on April 17
The retail prices of petrol were adjusted up from 3pm on April 17 by the Ministry of Industry and Trade and the Ministry of Finance.
Business
Central Highlands provinces seek closer trade, investment ties with India
A business and investment conference was held in Dak Lak province’s Buon Ma Thuot city on April 17 with the aim of enhancing connectivity between Indian firms and Central Highlands provinces.
