Processing shrimps for export in the Mekong Delta. (Photo: SGGP)

Seafood export rushes to achieve target

The Ministry of Agriculture and Rural Development set seafood export target at US$10 billion for this year, but after the first eight months of this year, seafood exports merely reached $5.4 billion, down 2.6 percent over the same period last year. Therefore, from now until the end of this year, authorities and enterprises must promote seafood export in order to achieve the target.
Pangasius fish export turnover this year is forecast to be difficult to meet the target. (Photo: SGGP)

Pangasius fish prices plummet, farmers suffer huge losses

In 2018, the prices of pangasius fish fluctuated at VND29,000 per kilogram and sometime in September and October jumped to VND34,000-VND36,000 per kilogram, helping export turnover of pangasius fish to reach VND2.26 billion, up 26.5 percent. However, in the first eight months of this year, the situation was fairly gloomy.