Speaking at a conference held on August 21 in An Giang province, Cuong said that catfish exports are likely to exceed US$2 billion as no other country has the advantage that Vietnam does in this sector.
He said one of the key solutions for pangasius farming was “sustainable development” through cutting-edge technologies.
“Provinces must re-plan production and diversify their products, with priority given to value-added products. They should also diversify export markets,” he added.
Nhu Van Can, Director of the Department of Aquaculture under the Directorate of Fisheries, said in the first seven months, the catfish industry faced a number of challenges, including barriers from import markets. |
An anti-dumping duty and a catfish inspection programme prevented local seafood enterprises from promoting exports of catfish to the US market.
Vietnam’s catfish exporters found it more challenging to export to this market after the US Department of Commerce (DOC) imposed high anti-dumping duties on frozen catfish fillets imported from the country.
DOC has announced that nine Vietnamese enterprises entitled to separate tariffs will be subject to US$3.87-7.74 per kg, a record-high rate.
Exports of catfish to the EU continue to decline. In addition, Saudi Arabia continues to suspend imports of seafood products from Vietnam.
While China remains a consumer of Vietnamese pangasius products, it is likely to become a potential catfish supplier to the world, which also poses a barrier for the Vietnamese pangasius industry.
Despite challenges, exports in the first seven months continued to increase by 19.3% over the same period last year, reaching US$1.198 billion.
In the first seven months, catfish exports to China reached US$289.8 million, accounting for 24.2% of the market share, and up 40.6% over the same period.
Many businesses at the conference said the quality of the breed is the most important factor. They also proposed producing seed varieties with high technology to limit diseases.
Regarding the high-quality catfish breeding project, most of the participants agreed that it will be a new step for the catfish industry.
It is expected that the catfish chain of Vietnam will be strictly controlled, from the first to final stage in the production chain.
In March, the Ministry of Agriculture and Rural Development approved a project on producing high-quality catfish species in the Mekong Delta.
The project aims to contribute to the development of the catfish industry in a sustainable manner to meet the requirements of national and international markets.
Under the project, the three-level catfish fingerling production chain will meet 50% of the demand for high-quality catfish in the Mekong Delta by 2020, and 100% of demand for high-quality catfish species by 2050.
The project will build up a chain of catfish production in the region, focusing on An Giang and Dong Thap provinces in the region.
The concentrated area for catfish species must be in line with the local land use planning, with an area of 50 hectares or more, convenient for water sources and environmentally sound, in accordance with regulations.
In a recent interview granted to Vietnam News, Truong Dinh Hoe, Secretary General of the Vietnam Association of Seafood Exporters and Producers (VASEP), said in order to export aquatic products to foreign markets, enterprises must comply with requirements on quality, food hygiene and safety.
Vietnamese businesses have been focusing on improving the fisheries production chain, from seed production to cultivation, processing and exporting, he said.
Many companies have been awarded international certificates and are qualified to export catfish fish to high-end markets such as the US and the EU, he said.
Therefore, to maintain export market share, the most important prerequisite is still quality, he said, adding the price of products is also a key factor.
Many companies have updated technology in the value chain, thus the production cost should be further optimised to compete with other aquatic products such as whitefish, tilapia or American catfish, Hoe noted.
VASEP is seeing a recovery in the EU and South America, as well as good growth in the Chinese market with increasing demand for high value products. This shows that Vietnamese catfish is still attractive in the world market.
The seminar was held to review the production and consumption of catfish and implementation of the high-quality pangasius breeding project.