Shrimp farmers in the Mekong Delta are facing difficulties after prices have plummeted due to falling global demand due to the COVID-19 pandemic (Photo: VNA)
Can Tho (VNS/VNA) - Shrimp prices haveplummeted in the Mekong Delta since global demand has been hit severely by theCOVID-19 pandemic.
For instance, white leg shrimp of 100 shrimp per kilogrammesize now cost 5,000 – 70,000 VND (2.74 - 2.95 USD), around 20,000 – 25,000 VND lessthan a year ago.
The price of giant tiger shrimp in Ca Mau province hasdecreased by 40,000 – 70,000 VND compared to just a week ago.
Chau Cong Bang, deputy director of the province Department ofAgriculture and Rural Development department, said in the last 10 days theprices of shrimp are falling due to European markets being affected by thepandemic.
Many seafood exporters said their shrimp orders have fallenby 30 – 50 percent, according to Sai Gon Giai Phong newspaper.
Farmers are being advised to stay calm, follow the latestdevelopments and weather changes, sell their goods to distributors and traderswho offer market prices and do not resort to panic selling.
Farmers who have completed their harvest are advised toconsider carefully before beginning a new shrimp crop or temporarily switch tofarming something else./.
The Mekong Delta province of Kien Giang plans to increase the area under industrial and semi-industrial shrimp farming models to 3,200ha and annual output to 28,000 tonnes this year, according to its Department of Agriculture and Rural Development.
Fishermen in coastal communes of Duy Hai and Duy Nghia in the central province of Quang Nam are happy with the ongoing bumper ruoc bien (sea shrimp)-season, as a fishing boat can earn a few million of dong per trip.
With Vietnam’s main agro-forestry-fishery export markets after China such as the US and Europe being hit by the new coronavirus-caused acute respiratory disease (COVID-19), Vietnamese exporters are suffering.
As shrimp exporters and farmers in Ca Mau are feeling COVID-19 headwinds, the southernmost province is seeking ways to mitigate impact of the pandemic that is ravaging around the world.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
The Prime Minister emphasised the significance of maintaining macroeconomic stability, controlling inflation, promoting growth, and improving the harmony between monetary and fiscal policies.
Petrovietnam will step up the development of new products and the expansion of international markets to reduce reliance on the domestic market. It also plans to optimise capital use, manage cash flow and costs, streamline operations, and enhance workforce quality to achieve its 2025 goals.
Vietnam has so far attracted 43,346 valid FDI projects with a total registered capital of 517.14 billion USD. The accumulated disbursed capital is estimated at nearly 331.46 billion USD, accounting for 64.6% of the total registered capital.
More than a product showcase, Vietfood & Beverage – Propack Vietnam 2025 is designed as a comprehensive ecosystem where businesses, experts, and consumers can share knowledge, explore technologies, and connect for collaboration.
Both sides expressed their hope that the outcomes of the discussion will continue to improve the efficiency of customs clearance activities at the customs clearance points and dedicated transport routes of the Huu Nghi – Youyi Guan international border gate pair.
The maximum retail price of E5 RON92 petrol has increased by 207 VND to 19,608 VND (0.75 USD) per litre while that of RON95-III rose by 234 VND to 20,074 VND per litre.
Shrimp farmers in the Mekong Delta are facing difficulties after prices have plummeted due to falling global demand due to the COVID-19 pandemic (Photo: VNA) 
