Aquatic product exports plunge during social distancing
Production and exports of aquatic products have been hard hit by social distancing measures in place for the past two months in 19 southern localities.
HCM City (VNA)൲ – Production and exports of aquatic products have beenhard hit by social distancing measures in place for the past two months in 19southern localities.
Orders to ship aquatic products to the US and European markets may notbe fulfilled as processing plants cannot run at full capacity due to COVID-19preventive measures.
According to the Vietnam Association of Seafood Exporters and Producers(VASEP), exports to such markets in August plunged between 16 percent and 50percent against the same period last year.
Shipments to China and Japan decreased 36 percent, to theNetherlands nearly 50 percent and Germany 42 percent.
Export turnover hit 588 million USD in August, posting a year-on-yeardecline of about 28 percent.
The January-August exports were valued at 5.6 billion USD, a year-on-year increase of 7.1 percent.
🐻 The Government has issued a resolution which assigns relevant agencies topromptly address bottlenecks for firms and aquatic product exportersin particular, and support them in meeting requirements of export orders./.
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Seafood processors and exporters need to invest in advanced technologies and expand markets to match orientation to restructuring the agro-fisheries sector in the direction of improving added value and sustainable development, said Dr. Dao Trong Hieu from the Ministry of Agriculture and Rural Development’s Agro Processing and Market Development Authority.
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The agro-forestry-fisheries sector's export revenue reached about 32.1 billion USD in the first eight months of this year, up 21.6 percent, while imports were estimated at 28.8 billion USD, up 44.1 percent, resulting in a trade surplus of about 3.3 billion USD, a fall of 48.2 percent over the same period last year, reported the Ministry of Agriculture and Rural Development (MARD).
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Illustrative image (Photo: VNA) 
