9 highlights of Vietnam seafood industry in the first three months of 2012
(vasep.com.vn) In the first quarter of 2012, Vietnam seafood export reached total value of US$1.324 billion, a 15.3 percent rise compared to the same period of 2011. This period, challenges in supply of raw materials still dominated national export-driven seafood industry. Additionally, local seafood processors had to face a large range of rising costs, as well as challenges from importing markets.
Generally, it is likely to see 9 highlights in Vietnam seafood industry in the first three months:
1. Lack of raw material
2. Lack of capital, negative impact on production
3. Higher production cost and weak competitiveness due to inappropriate policies
4. Numbers of seafood exporters down 40 percent
5. Export to the EU slowing down due to regional financial downturn
6. Pangasius companies boosting export to the U.S
7. Increase trend in export to Asian markets
8. Australia recording the highest growth of 42.3 percent
9. Rise in raw material import