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After Bianfishco reportedly defaulted on its bank debt payments, commercial banks have unanimously ceased the disbursement for seafood companies, putting a lot of companies at the point of the death.

In Ca Mau province, by mid March 2012, a lot of seafood companies had shut down or just kept production at a moderate level. Enterprises have attributed the production stagnation to the lack of materials. However, in fact, the main reason behind this is the lack of capital. Commercial banks have tightened the lending to seafood companies after Bianfishco missed the due debt payments. Some companies even do not have money to pay their workers.

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Seafood Expo Global

21-23 April 2015
Brussels, Belgium

Seafood Expo Global/Seafood Processing Global is the largest seafood trade event in the world. The event attracts more than 25,800 buyers and suppliers of fresh, frozen, packaged and value-added seafood products, equipment and services. Attendees travel from 150 countries to do business at the expo. Read More