Tra fish exports to China on sharp rise
(VOV) - Vietnam’s tra fish (pangasius) exports to China jumped 50.7% to US$70.15 million for the first half of this year, according to statistics released by the General Department of Vietnam Customs.
The Vietnam Association of Seafood Exporters and Producers (VASEP) said the rise is attributable to the following reasons:
First, difficulties in exporting seafood to major markets like the US, the EU, ASEAN, Mexico and Brazil forced businesses to shift to a new and huge market – China.
Second, Chinese processing businesses imported raw tra fish to make processed products for the US.
Finally, the Chinese Government has implemented many new policies to develop its seafood industry in a sustainable manner, including incentive policies to encourage importers.
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According to VASEP, although China is a potential market for Vietnamese tra fish, most transactions are carried out through unofficial channels. As a result, due attention is not paid to the product quality. This posed a challenge to Vietnamese seafood, particularly tra fish exports to the market.
VASEP said China is a potential export market but might not be sustainable in the future.
However, there are many opportunities for Vietnamese businesses to spur tra fish exports to China from now to the end of this year, VASEP concluded.