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Update news Seafood industry
No longer depending on a certain market is the target of Vietnamese seafood firms and Vietnamese businesses in general.
With a relatively attractive valuation and a bullish industry outlook, seafood stocks are expected to grow positively in 2022.
The shortcomings in the Vietnam seafood industry have been exaggerated by foreign media, placing obstacles on domestic seafood exports.
If the US-China trade war escalates, Vietnam would have opportunities to boost exports to both markets. Meanwhile, the US is considering allowing Vietnam to continue exporting catfish to the country.
The Ministry of Industry and Trade (MoIT) recently announced high expectations for expanded exports of Vietnam seafood and other aquaculture exports to the ASEAN Economic Community (AEC) region as a result of its formation.
VietNamNet Bridge – Obstacles in the shipbuilding process are being blamed for the slow implementation of policies intended to develop the seafood sector and the offshore fishing industry.
VietNamNet Bridge – The upper reaches of the Mekong River are now seeing the operation of 100 out of 300 hydropower projects, which scientists warn of a threat to the Mekong Delta.
Vietnam’s catfish has to satisfy a series of requirements set up by import countries to reach out to foreign consumers.