Vietnam aims to produce 1.7 million tonnes of commercial tra fish and earn US$2 billion from exporting the products in 2024, according to Deputy Minister of Agriculture and Rural Development Phung Duc Tien.

After a tough period with a continuous decline in orders, from September, seafood producers and exporters have become busier thanks to the recovery of orders for year-end festive season.

VOV.VN - The United States Food Safety and Inspection Service (FSIS) recently conducted a thorough review into the food hygiene and safety management system of Vietnamese tra fish exports to the US, according to Deputy Minister of Agriculture and Rural Development Phung Duc Tien.

With the ongoing recovery momentum of agro-forestry-aquatic product exports in recent months, the export turnover of the sector is expected to enjoy a rebound and achieve growth again from the fourth quarter, said Deputy Minister of Agriculture and Rural Development Phung Duc Tien.

Vietnam earned some US$15.66 billion from agro-forestry-aquatic product exports in the first four months of 2023, down 13.3% year-on-year, according to the Ministry of Agriculture and Rural Development.

Thanks to better input material supply and the application of a closed production process, the Tra fish (pangasius) industry is expected to overcome difficulties and become profitable again in the third quarter of this year, according to analysts.

Products of the processing and manufacturing industry of Vietnam now have great chances to enjoy stronger export to the UAE, which has high demand for imports.

A Chinese trader has imported 500 containers of tra fish weighing 12,000 tonnes from Vietnam right after China’s lifting of its zero-COVID policy, showing a positive signal for the sector this year.

Despite experiencing a sharp decline in the last quarter of 2022 and the first month of 2023, tra fish (pangasius) exports still see bright outlook this year, according to insiders.

A surge of 87% was seen in tra fish exports to ASEAN markets in the first 11 months of this year to US$183 million, accounting for about 8% of total export revenue of the product in the period.