Hung Vuong reports 'outstanding' quarterly result amid background of struggling industry.
The ongoing economic and financial crisis in Europe is affecting the global seafood demand with exporters turning to new markets in Asia.
Tuna export value to Japan in the first quarter of 2012 saw a sharp year-on-year increase of 99.5 percent to $26.4 million.
In the first quarter, Viet Nam’s squid, octopus exports totaled over US$113.3 million, an increase of 25.4% over the same period last year.
According to VASEP, seafood exporters will face more challenges on EU market this year. The demand for expensive products such as shrimp and tuna will decline and there are the risks of delayed payment. However, this market will continue to be the potential market place for Viet Nam seafood this year.
Vol 9, Issue 02(46) | Mar - Apr 2012 
Until now, in the coastal provinces, tuna is often called “bo gu” (hunchedbacked cow) by local people, perhaps because of its shape. Unlike many other places in the world where tuna have been caught and eaten since 2000 B.C, tuna had been considered as a crappy food item in Viet Nam until 1990s.
Vol 9, Issue 02(46) | Mar - Apr 2012 
Viet Nam recorded a 23.1 per cent year-on-year increase in value of tuna exports in the first three months, compared to the same period last year, bringing it to a total of US$101 million.
According to Ministry of Agriculture and Rural Development, Viet Nam earned US$1.9 billion in the first four months from exporting fishery products, up 16.4% year on year.
Many seafood enterprises hesitate to export their products into the US market despite the exemption of anti-dumping duty on Vietnamese shrimps and Pangasius into this country.
Vol 9, Issue 02(46) | Mar - Apr 2012 
The Republic of Korea (RoK) is becoming a lucrative destination for Vietnamese seafood.