Shrimp exports to drop to $3.5 billion this year: VASEP

The representative of the Vietnam Association of Seafood Exporters and Producers (VASEP) forecast that shrimp exports would be around US$3.2-3.5 billion this year, much lower than that of $3.95 billion last year because excessive shrimp supply has caused export price to drop.

The prediction was released at a conference within the framework of Vietfish 2015 in Ho Chi Minh City
According to VASEP, beside three largest shrimp importers comprising of the US, the EU and Japan, South Korea will be a potential market.
 
Although the price of Vietnamese shrimps is higher than that of India and Indonesia, the country will overcome this obstacle gradually. Besides, Vietnam has many advantages that can meet diversified demand of global market.
 
The Vietfish 2015 which takes place from August 24 to 26 has attracted local as well as global seafood producers from India, England, Canada, Japan, Germany, South Korea, and the US with 317 pavilions.

By Dang Cong – Translated by Thuy Doan

Other news

Banking-finance

VNPT & SeABank cooperate to enhance connections

The Vietnam Posts and Telecommunications Group (VNPT) and SeABank just co-signed cooperation agreement, aiming to develop the two sides’ economic, business and investment potential.


Self - introduction

VNPT targets to be leading digital service provider in Vietnam

The grand opening ceremony of the VNPT-Information Technology Company (VNPT-IT), a new member of the Vietnam Posts and Telecommunications Group (VNPT), was held yesterday in Hanoi. With thousands of IT engineers and the focus on developing state-of-the-art technological products related to Artificial Intelligence (AI), Bigdata, and Blockchain, the new company is considered the main force to help VNPT fulfill the goal of becoming a leading digital service provider in Vietnam and an important Digital Hub of the neighborhood as well as the world.

Stock market

SAS profits VND 118bln

The Southern Airports Service Joint Stock Company (Sasco) which is listed under code SAS on the Unlisted Public Company Market (UPCoM), announced its second quarter’s financial report with net revenue at VND 634.5billion, an increase of 14 percent compared to last year.