Vietnam News Network

Vietnam News: Local, National, Business, Sport, Entertainment and Technology

Trade XRPUSD, Bitcoin and Cryptocurrencies

BUY & SELL XRPUSD | View XRPUSD News & Updates

Buy Sell XRPUSD, Bitcoin and Cryptocurrencies

Tra and basa catfish export turnover estimated at US$1.2 bil this year   2008-07-17 - VOV

Vietnam’s tra and basa catfish exports will reach over 500,000 tonnes, earning a total of more than US$1.2 billion this year, according to a forecast from the Vietnam Association of Seafood Exporters and Producers (VASEP).

VASEP Vice Chairman Ngo Phuoc Hau described the consumption of large-sized tra and basa catfish in the Mekong River Delta as very positive.

He said in an effort to stabilise the market, the VASEP has asked the government to provide an additional capital of around VND3,500 billion to the Bank for Investment and Development of Vietnam so that processing enterprises can borrow loans to buy oversized fish. It has also asked the electricity sector to supply enough power for the enterprises to operate at full capacity.

In the long term, the Ministry of Agriculture and Rural Development will re-adjust breeding zones to keep pace with the market development. There will be strict control of processing and exporting enterprises to prevent trade frauds and anti-dumping lawsuits.

Although the tra and basa market is not stable, total exports, since the beginning of the year, have reached 260,000 tonnes, estimated at US$610 million, or 35 percent more than the same period last year.

Other news

BUSINESS IN BRIEF 17/7   2008-07-17

Exchange rate may be VND17,200/US$1 at the highest   2008-07-17

Bach Tuyet Cotton Corp’s magic turns loss into profit   2008-07-17

No worry about high VND/US$ exchange rate   2008-07-17

CPI to slow down between 1.5 -1.7% in remain months   2008-07-17

More and more bank securities firms equitising   2008-07-17

Interest rates decreasing, quietly   2008-07-17

Economic corridor plan approved   2008-07-17

Another bank director dismissed for interest rate impropriety   2008-07-17

US assists with textile development   2008-07-17

Gold fails to crack global market   2008-07-17

Tra fish problem needs to be settled to the roots   2008-07-16

Rally continues for Vietnam exchange   2008-07-16

Cotton maker revival chances shrink, CEO walks out of meeting   2008-07-15