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The general concern of Vietnamese food businesses at the moment is the increase in raw material and input costs, along with difficulties in market access, coupled with intense competitive pressure. This calls for effective solutions from regulatory agencies and relevant industry associations to reduce product costs and bring food prices back to a more reasonable […]

Seafood prices are extremely low while farmers are “abandoning” their ponds, leaving a risk of short supply for seafood processing and exports in the last months of the year and affecting the growth target and plan of 2023. The Ministry of Agriculture and Rural Development (MARD) has just sent an official document  to People’s Committees […]

The U.S. dollar rose against the Vietnamese dong Tuesday morning after declining for nearly a week. Vietcombank sold the dollar at VND23,995, up 0.10% from Monday. The State Bank of Vietnam kept its reference rate stable at VND23,886. The dollar was sold at VND24,140 on the black market, unchanged from Monday. It has increased against […]

In July 2023, Vietnam’s shrimp exports reached more than US$320 million, down 16% compared to the same period last year. The 16% drop in July was the lowest since the start of the year. By July 2023, shrimp exports reached US$1.9 billion, down 30% over the same period. Regarding exported products, the decline in export […]