date:Apr 12, 2013
in order to be able to sell at higher prices. Meanwhile, Vietnamese companies, which specialize in making products for export to Japan, the US and South Korea, the choosy markets, dont want to do this. Therefore, they remain uncompetitive with the Chinese.
The director of a big shrimp export company in Mekong Delta explained that in case of healthy competition, Vietnamese and Chinese need to buy shrimp at VND85,000-90,000 per kilo to be sure of making profit.
However, Chinese would pay VND500