Bac Lieu earns US$288 million from seafood exports
The Mekong Delta province of Bac Lieu earned US$288 million from seafood exports in the first eight months of 2016, fulfilling 55% of its yearly target, but dropping nearly 5% compared to the same period last year.
According to the provincial Department of Agriculture and Rural Development, despite the fall in exports, the locality’s seafood production has remained stable.
Currently, the price of material seafood for processing is rising as some traders have bought and exported raw materials, which affected small businesses. However, larger enterprises have managed to collect between 650-900 tonnes of seafood materials per week for processing to ensure their operation.
Meanwhile, the local power sector has pledged to ensure their supply in the rest of the year, while banks also vowed to provide capital for businesses to expand their production, according to the department.
At the same time, management agencies of Bac Lieu have made great efforts to update local exporters with market developments and give them advices on how to adjust their production.
Local seafood processors and exporters have applied measures to implement their commitments on enhancing their products’ quality, the department added.
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Meanwhile, the local power sector has pledged to ensure their supply in the rest of the year, while banks also vowed to provide capital for businesses to expand their production, according to the department.
At the same time, management agencies of Bac Lieu have made great efforts to update local exporters with market developments and give them advices on how to adjust their production.
Local seafood processors and exporters have applied measures to implement their commitments on enhancing their products’ quality, the department added.
