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.

Thanks to high demand, Northern Europe is a promising land for Vietnamese agricultural products, according to experts who also underlined the need for domestic firms to ensure product standards to win this potential market.

VOV.VN - Vietnamese exports in August enjoyed growth of 7.7% compared to the previous month, indicating that solutions to trade promotion and market search of local enterprises has produced positive results whilst there remains opportunities and potential markets for Vietnamese exports ahead in the rest of the year.

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.

Vietnamese seafood are being introduced at the Seafood Expo Global that is underway in Barcelona, Spain from April 25-27.

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.

VOV.VN - As of mid-February, Vietnamese Tra fish (pangasius) exports to the Brazilian market reached US$10.5 million, an annual decline of 51%, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).