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Update news vasep

Catfish prices tumble as exporters scramble for clients

VietNamNet Bridge - Vietnamese exporters continue to sell catfish at low prices to maintain their edge as the world's top catfish exporter. 

’Cast not the first stone’

 VietNamNet Bridge – Right after buying Big C - the biggest supermarket chain in Viet Nam - for more than US$1 billion, Thai’s Central Group allegedly requested higher rates of discount from Vietnamese suppliers.

The seafood tycoons who have taken hard knocks

VietNamNet Bridge - Taking losses in business, wasting money and incurring trillions of dong debts, some ‘seafood kings’ in Mekong River Delta have fallen from their pinnacle of prosperity into insolvency.

Serious drought, high salinity threaten aquaculture in Mekong Delta

VietNamNet Bridge - Damage to a large brackish-shrimp farming area in the Mekong Delta, caused by prolonged drought and saline intrusion, could cause a shortage of shrimp materials for export.

Vietnam may sue the US at WTO

VietNamNet Bridge - The Ministry of Agriculture and Rural Development (MARD) has mentioned the possibility of suing the US at the World Trade Organization (WTO) at working sessions with the US side.

Signing huge contracts, exporters feel both joy and worry

VietNamNet Bridge - Though having received orders big enough to ensure jobs until mid-2016, Vietnamese export companies still are not satisfied.

Seafood companies struggle, rush to finalise M&As

VietNamNet Bridge - Seafood companies are experiencing tough days, but they are still spending big money to take over companies in the same field to prevent their situation from becoming even worse.

Shrimp exports forecast to fall sharply this year

The Vietnam Association of Seafood Exporters and Producers (VASEP) has revised down its shrimp export forecast to US$2.9 billion for this year, over US$1 billion lower than last year.

Regulations on Tra fish amended

The government has approved the Ministry of Agriculture and Rural Development (MARD) plan to amend Decree 36/2014/ND-CP to resolve difficulties of management offices, enterprises and farmers in implementing the decree over the past one year.

DOC eases anti-dumping duties, but shrimp exporters still unsatisfied

VietNamNet Bridge - Vietnam’s shrimp exports to the US are now taxed less than one percent, but shrimp exporters are not optimistic about exports.

Farmers give up raising shrimp after exports of seafood drop

VietNamNet Bridge - The fisheries industry has fallen into deadlock: shrimp and fish farmers have left ponds idle because of high production costs and low selling prices, while seafood exports are on the decrease.

Strong dong deals blow to exporters

VietNamNet Bridge - Vietnamese export companies have seen a sharp fall in export orders recently.

Vietnam rebuilds tra fish industry strategy

VietNamNet Bridge - The Communist Party Central Economic Committee has proposed building a new development strategy for tra fish (catfish) farming and export, though many policies related to the industries already exist.

Shrimp exporters win top world award

VietNamNet Bridge - Viet Nam takes the lead among the world's shrimp supplier community for the highest number of businesses that have been granted four-star Best Aquaculture Practices (BAP) certification.

Vietnamese shrimp and fish exports found to have antibiotic residue

VietNamNet Bridge - Vietnamese seafood exporters have spent a lot of money on programs to control antibiotic residue in exports, but they still face problems in the world market.

Self-certification of product origin puzzles businesses

VietNamNet Bridge - From 2015, Vietnamese businesses must declare and certify the origin of their export products themselves instead of obtaining C/O (certificate of origin) from management agencies.

Low prices of Vietnam’s catfish lead to export dilemma

VietNamNet Bridge – Though Vietnam’s catfish is believed to be the best in the world, it has been experiencing difficulties in major export markets like the US and Europe.

BUSINESS IN BRIEF 6/2

Seafood exports to hit 8 billion USD in 2015; Consumer confidence rises in last quarter; FPT Software targets 1 billion USD in revenue in 2020; Shipbuilding corporation healthier after restructuring

Businesses oppose ministry’s catfish-export regulation

The Ministry of Agriculture and Rural Development (MARD) has insisted on no more than 10 percent of ice and 83 percent of moisture in seafood exports, but businesses have vowed they will fight the regulation.

BUSINESS IN BRIEF 11/11

 VASEP proposes 0% import tariff on salmon; Scenarios for crude oil exports; Can Tho zones lure $1.92 billion; High-end properties attract buyers; Real estate sector draws foreign investors; Danang seeks to attract more FDI sources