VOV.VN - Despite being exported to nearly 140 countries globally, Vietnamese Tra fish (pangasius) continues to face fierce competition in the international market.

Vietnam raked in US$114 million from tra fish export to the signatory nations of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) as of June 15, a year-on-year increase of 10%, according to the General Department of Vietnam Customs.

The Vietnam Trade Office in Singapore has advised Vietnamese exporters to carefully study and keep updated on new regulations in Singapore, a market that is becoming more cautious in trade policy, in order to further exploit this market.

The export of Vietnamese tra fish (pangasius) has roared back to growth after a significant drop recorded earlier this year as countries have scaled up their imports, according to insiders.

Vietnam’s aquatic product exports will experience only a slight recovery in the first half of this year due to market volatility and a host of challenges to the global economy, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

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.