On August 19, the Vietnam Association of Seafood Exporters and Producers (VASEP) cited data from Japan’s Ministry of Finance, stating that in the first half of 2024, exports of scallops in shells to Vietnam reached 13,075 tons, surging by 2,078% compared to the same period last year. The average price stood at 231 JPY/kg, almost halving from the previous year.
Aside from Vietnam, Japan has been boosting scallop exports to the US and other Southeast Asian countries, including Thailand and Indonesia.
Japanese Scallops promoted at a trade event in Ho Chi Minh City
However, Japan’s overall scallop exports during the six-month period dropped by 52% year-on-year, indicating that new markets have yet to make up for the lost market share in China.
In August 2023, China imposed a ban on Japanese seafood due to the release of treated wastewater from the Fukushima nuclear plant into the ocean.
Annually, China imported up to 95,000 tons of raw scallops from Japan. These scallops were consumed domestically and also processed for export to other markets.
According to seafood experts, the dramatic increase in scallop exports to Vietnam, a 20-fold rise, is mainly for re-exporting after processing; domestic consumption has not grown at such a rapid pace.
In early 2024, 12 seafood processing and trading companies from Hokkaido, Japan’s scallop-producing region, visited Vietnamese seafood processing factories to forge cooperation and replace traditional processing partners in China.
The most extensive bribery case ever in Thanh Hoa: Numerous suspects prosecuted for “Giving and Receiving Bribes”
The Provincial Security Investigation Agency (PSIA) of Thanh Hoa province announced on January 31st that it has made the decision to initiate a prosecution against 23 individuals in connection with the offenses of “Accepting bribes” and “Giving bribes” as stipulated in Article 354(3) and Article 364(2) of the Criminal Code.
Accelerating disbursement of the 120 trillion VND credit package for social housing
Deputy Prime Minister Trần Hồng Hà has recently issued directives regarding the implementation of the 120,000 billion VND credit package for investors and buyers of social housing, workers’ housing, and projects for the renovation and construction of apartment buildings.
“Prosecution of government officials, land registration officers, and tax department employees in the largest bribery case ever”
The Thanh Hoa Police Investigative Agency has initiated legal proceedings against 23 individuals involved in the crimes of “Bribery” and “Receiving bribes”. This is the largest bribery case in terms of the number of suspects ever discovered and apprehended by the Thanh Hoa Police.
Mobile World achieves revenue of VND118,000 trillion: TVs, tablets, and phones all decrease by 10% – 50%, while one product grows in both quantity and revenue.
Mobile World Investment Corporation (MWG) has recently announced its 2023 business results. According to the report, the company’s consolidated revenue reached over 118 trillion Vietnamese dong, equivalent to 89% of the revenue in 2022.
Vietnam’s Irresistible ‘Specialty’ That China Desperately Wants to Revive: Highly Popular from the US to Asia, Bringing in Millions of Dollars
Vietnam is one of the largest exporting countries in the world, along with China and the Philippines.
