September 30, 2011

Chinese traders have been hoarding various kinds of seafood in Vietnam's Mekong Delta region, state media reported Tuesday (Sep 27).

These traders are ready to buy seafood at high prices at any quality, or even encourage local sellers to inject substance in shrimps to increase the volume.

The Chinese hoarding of seafood in Mekong Delta causes difficulties for local processing plants in purchasing material for their production.

However, many Vietnamese firms reported that they have been cheated by Chinese traders as they took food and did not pay additionally except the advanced payment of 30%.

Cheated Vietnamese sellers could not find them because Chinese traders use wrong addresses.

Vietnamese are advised to do business with famous Chinese traders but not retailers.