Trade barriers may seriously affect Vietnam’s seafood industry
A number of seafood companies have been dissolved or have halted operation, while trade barriers from import countries are expected to.pose challenges to Vietnam’s fishery sector. Thuan An, Hung Vuong, Camimex, Viet An, Phuong Nam, Binh An and Thien Ma, once famous names in the seafood sector, have been meeting with difficulties.
Thuan An still cannot pay bank debts, while the general director has disappeared. Hung Vuong, a big player in the industry, has unexpectedly reported a loss of VND49.3 billion, while Camimex has reported a loss of VND51 billion for 2016. Meanwhile, Carrefour, the French retail group, has unexpectedly announced the stop of the sale of Vietnam’s catfish in Spain, Italy, France and other countries.
