On-the-Ground Updates

Uncertain times for Vietnamese seafood suppliers

Regulation & Compliances
Innovation & Technology
Nguyen Quan
Published Apr 23, 2020
Due to the COVID-19, in March 2020, the production and export of Vietnamese seafood products have been stagnant. Vietnam's seafood exports to Europe decreased by 40% and to China decreased by 25%. Currently, only 30-50% of the orders are still delivered to customers on schedule and the number of orders for cancellation or postponement is 20-30%. Currently, Vietnamese seafood suppliers can only maintain operations in moderation as a result of unstable market conditions.
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