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Vietnam Evidence Network reported on August 31 that, according to statistics from the Vietnam Association of Aquatic Products Production and Export (VASEP), after the rapid growth in the first four months of this year, the export of aquatic products showed signs of cooling again
.
Rising inventories and inflation impacted US import demand, so Vietnam's seafood exports to the US fell by 8% in June and continued to decline sharply by 23% in July
.
Some aquaculture companies said they expected export growth to slow in the third quarter
.
Nguyen Huai Nam, deputy secretary-general of the Vietnam Association of Aquatic Products Processing and Export (VASEP), said many importers will not sign new orders between now and October
.
Export of aquatic products.
Rising inventories and inflation impacted US import demand, so Vietnam's seafood exports to the US fell by 8% in June and continued to decline sharply by 23% in July
.
Some aquaculture companies said they expected export growth to slow in the third quarter
.
Nguyen Huai Nam, deputy secretary-general of the Vietnam Association of Aquatic Products Processing and Export (VASEP), said many importers will not sign new orders between now and October
.