The US Department of Commerce (DOC) has announced the preliminary results of the 17th period of review (POR17) for the period from August 1, 2019 to July 31, 2020, regarding Vietnam’s tra and basa fish (pangasius) exported to the US.

Aquatic exports in the first half of August were strongly impacted by the COVID-19 pandemic, reaching only US$263.8 million, down 41% compared to the second half of July and 30.1% from the same period in 2020.

Vietnam’s aquatic export is hoped to hit US$9 billion in 2021 thanks to the recovery of consumption in key markets such as the US, the European Union (EU), and other potential markets.

Vietnam earned US$790 million from exporting aquatic products in May, lifting the total figure in the first five months of this year to nearly US$3.3 billion, a year-on-year rise of 14%.

Vietnam is expected to make breakthroughs in exporting aquatic products in the coming time thanks to its good performance of biological safety, and benefits brought by free trade agreements (FTAs), according to the Ministry of Agriculture and Rural Development.

VOV.VN - Vietnam’s tra fish (pangasius) exports during the first quarter of the year recorded an increase of 0.6% to US$336 million compared to the same period from last year, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

Vietnam’s export turnover of aquatic products in March has been estimated at around US$640 million, bringing the total for the first quarter of the year to US$1.64 billion, up 3% year-on-year.

VOV.VN - The total export value of tra fish (pangasius) to China by mid-February plummeted by 38.6% on-year to US$13.55 million, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

The Vietnam Sanitary and Phytosanitary Notification Authority and Enquiry Point (SPS Vietnam Office) has expressed the country’s concern over Brazil’s application of regulations that go beyond international practices on shrimp and tra fish imported from Vietnam.

The Vietnam Association of Seafood Producers and Exporters (VASEP) said it plans several measures to help its members further penetrate the global supply chain and enable the fisheries sector to reach its export target of US$12 billion in 2025, 40% higher than this year.