From the middle of 2009, Consumer Price Index (CPI) of European region has developed quite slowly; by the end of June, 2010, CPI only rose 1.4% compared to the same period of last year. The main reason was that the EUR continously devalued to the USD and the government cut down its expenditure. Accordingly, European people are suffering from a higher price for imported products in general and imported seafood from Vietnam in particular.
Although mollusk price and demand from Vietnam is still quite high, economic experts predict “the shadow” of debt crisis in EU will continue to cover all economies of the region in the next time. It has negative influence on mollusk export situation of Vietnam enterprises. Therefore, to solve this difficulty, the enterprises need to shift to non-traditional and new emerging markets such as the Middle East, Romania…
By August 15, 2010, Vietnam exported more than 59,400 tons of mollusk valued at 227.6 million USD, up 0.3% in volume and 7.1% in value compared to the same period of 2009.