Seafood exports increase 20%

All items such as catfish, shrimp, tuna and mollusk o exploit othersof Vietnam have recovered strongly after the recession last year.

According to VASEP, in the first four months of 2010, seafood export of the country reached 375,026 tons, valued at 1.268 billion, increasing by 22.1% in volume and 20.1% in value over the same period last year. This increase shows a good signal for the return of seafood after two years  of the world economic crisis.

U.S., Japan and EU markets are three major import markets, accounting for nearly 60% of the total seafood export turnover of Vietnam with the respectively growing rate: 26.3% ($215.754 million) , 21.5% (227.129 million) and 17% (317.403 million).

EU is at the head of importing seafood from Vietnam with the value of $317.403 million and 106.192 tons in value.

However, VASEP considers that this growth is difficult to maintain when the debt crisis in Europe could decrease the confidence of importers. Pessimism from the European market might entail inflation fears and reduce the consumption of people in this area.

Source: VOV

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