April 8, 2011

Vietnam's seafood shipments amount US$1.1 billion

The Vietnam Association of Seafood Exporters ad Producers (VASEP) stated that the export turnover of aquatic products from January to March 2011 hit US$1.1 billion, an increment of 22% in contrast to the same period last year.

The increase in export value was due to the increase of 15% in the price of shrimp compared to 2010, a surge of US$9.20/kg.

However, the export of aquatic products will face difficulties in the near future due to the high cost of materials and high production costs, and the drop of aquatic product exports to Japan.