Wednesday, May 28, 2025 10:16:32 PM - Markets open
VN-INDEX 1,341.87 +2.06/+0.15%
HNX-INDEX 223.56 +1.77/+0.80%
UPCOM-INDEX 98.59 +0.45/+0.46%
VN exports of shark catfish fall sharply
Vietnamnews - 3/6/2023 10:52:51 AM
 (0 ratings. You must sign in to rate.)
 Shark catfish exports fell by 61 per cent year-on-year in January to US$83.6 million, according to the Việt Nam Association of Seafood Exporters and Producers.
 
Exports to all major markets saw double-digit declines, VASEP said.
 
Shipment to the US, among Việt Nam’s top three biggest buyers, decreased by 76 per cent in volume and 40 per cent in value (to below $10 million) from January 2022.
 
Though the rise in seafood prices is relatively modest, higher prices are still affecting its demand, Lệ Hằng, director of VASEP’s communication department, said.
 
But the food inflation rate is projected to fall this year.
 
Retailers are focusing on promoting affordable seafood items, and supermarkets are selling more frozen seafood due to the rising demand for home cooked meals.
 
Việt Nam expects to benefit from this shift in US demand for seafood and lower inflation.
 
Last year’s shark catfish exports were the highest ever at $2.44 billion after growing by 45 per cent, with the US accounting for $537.2 million. — VNS
 
Read original article here
Newer News
27/05 Foreign direct investment continues to pour into Việt Nam
27/05 Maritime transport maintains strong growth
26/05 Việt Nam offers investment potential amid global uncertainty
26/05 Enhancing presence of Vietnamese goods in ASEAN market is essential
20/05 Credit growth in HCM City hits $155b in first four months
16/05 Việt Nam’s plan to cut US car tariffs faces limited short-term impact
16/05 Việt Nam’s auto market gains momentum in early 2025
13/05 2025 FTA negotiation plan to be submitted in May
09/05 Fuel prices cut again
09/05 Việt Nam’s economy needs restructuring amid US tariff shifts
Older News
06/03 Economic institution reform key to breaking through middle-income trap: experts
06/03 Ministry of Industry and Trade calls for stable supply of coal
03/03 HCM City foreign investment surges by 43.1 per cent in first 2 months
01/03 February’s CPI up 0.45 per cent due to fuel and housing price hike
01/03 Fuel price in check despite mounting difficulties: Minister of Industry and Trade
25/02 Domestic airlines doing well but challenges ahead
23/02 Ministry calls on three energy giants to ensure national supply
16/02 Ministry of Transport calls for stronger oversight on construction projects
16/02 Rubber stocks to benefit from China re-opening
14/02 Wood industry associations enhance ties to boost furniture exports
 
Newsletter Signup
Top Stories
Profit-taking pressure grows as market retreats
Open-end funds keep attracting capital inflows
Stock market upgrade expected by September
Stock market starts off May on a positive note as key stocks gain post-holiday
Việt Nam to launch KRX trading system on May 5
Market Update
Last updated at 3:08:52 PM
VN-INDEX 1,341.87 +2.06/+0.15%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Portfolio
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.