The Mekong River

Reported by Thanh Nien staff

Doan Toi, general director of the Nam Viet Corporation in the Mekong Delta province of An Giang, says the company has slashed 5,000 jobs, or nearly half of its workforce, over the past several months. Nam Viet, the country’s largest exporter of pangasius (tra and basa catfish), has earned more than US$200 million in export turnover this year.

Tran Thien Hai, chairman of the Vietnam Association of Seafood Exporters and Producers, says with demand low in Vietnam’s major shrimp export markets such as US and Japan, many companies have had to cut production and are trying to penetrate into other markets like Russia, the Republic of Korea and Australia. …

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