Hung Vuong’s second quarter sales fell by nine percent to VND 1,862 billion (€71 million/$89.4 million) year-on-year as exports to the EU market continue to fare poorly, with customers in eastern Europe failing to pay the pangasius exporter on time.

The company’s earnings before taxes tumbled by 55 percent to VND 81 billion (€3.1 million/$3.9 million).

In the first half of 2012, the company’s sales totaled VND 3,674 billion (€140 million/$176.4 million), a four percent drop year-on-year, with earnings before taxes of VND 212 billion (€8.1