Vietnam seafood giants struggle

The seafood companies’ workers in the Tra Noc Industrial Zone of Can Tho City and the Hoa Trung Industrial Zone in Ca Mau province come to factories irregularly these days.

On the Highway No. 1A, which goes through the biggest shrimp material areas — Soc Trang, Bac Lieu and Ca Mau, there are no more bustling shrimp markets gathering in the afternoon after the working hours like in the previous years.

These are all the bad signals for the seafood industry. A lot of seafood companies in the region have fallen into insolvency; others have been operating at a moderate level. Only a few companies have luckily escaped the biggest difficulties and now try to resume the production.

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