The Mekong Delta province of Bac Lieu earned nearly 351 million USD from seafood exports in the first 10 months of this year, 100 million USD higher than that of the whole 2014.
Processing shrimp for export at Gia Rai company in Bac Lieu. Photo: VNA
Bac Lieu (VNA) – The Mekong Delta pro🃏vince of Bac Lieu earned nearly 351 million USD from seafood exports in the first 10 months of this year, 100 million USD higher than that of the whole 2014.
The money came from the shipments of 42,300 tonnes of seafood products, with 97 percent being frozen shrimp, a 7 percent rise year on year.
Local processors and exporters have been pledged to have adequate power supply and financial bank support to ensure their stable production until the end of this year.
They are requiring more input materials for their next year’s orders.
So far, Bac Lieu has earned 381 million USD in exports, fulfilling 85 percent of its yearly target, but experiencing a drop of 5.8 percent over the same period last year.
The locality’s rice exports reached only 26 percent of the target for the whole year due to fierce competition from Thailand, India and Pakistan.-VNA
Some 50 fishery logistics teams with over 100 vessels have been established in Bac Lieu province in addition to investments in 520 high-capacity fishing boats, promoting efficiency of fisheries sector
Bac Lieu province, which boasts over 53 kilometres of coastline, earmarked substantial funding for tapping and turning its maritime potential into an advantage for the locality's economic development.
Vietnam’s agro-fishery-forestry product exports during the first ten months of this year were estimated at 24.61 billion USD, a year-on-year decrease of 3.8 percent.
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Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
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Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
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Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
While the US market has become more difficult to access due to new tax policies, Australia could play the role of a trade cushion, helping to reduce shocks and maintain export momentum for Vietnam's shrimp industry.
Vietnam Cycle Expo 2025 will coincide with the Vietnam Sport Show 2025, an international exhibition on sports and outdoor entertainment, expected to attract more than 20,000 visitors in the three-day event.
Processing shrimp for export at Gia Rai company in Bac Lieu. Photo: VNA
