VOV.VN - A number of domestic seafood enterprises have begun implementing a range of solutions aimed at reducing the damage caused by the impact of novel coronavirus (COVID-19), including making financial arrangements, ensuring reasonable resources, and balancing the market.
The US Department of Commerce (DOC) has lowered anti-dumping duties on tra fish (pangasius) products from Vietnam following its official conclusion of its 15th period of review (POR15) from August 1, 2017 to July 31, 2018, according to the Trade Remedies Authorities of Vietnam under the Ministry of Trade and Industry (MoIT).
The US was the largest importer of Vietnam in the first seven months of 2019 with a turnover of 32.5 billion USD, a year-on-year surge of 25.4 percent, according to the Ministry of Industry and Trade.
Vietnam earned about US$9 billion from exports of aquatic products in 2018, an increase of 8.4% year-on-year, said Acting Director General of Directorate of Fisheries Nguyen Ngoc Oai.
Vietnam’s tra fish export value has exceeded US$2 billion for the first time, with the figure hitting US$2.05 billion in the first 11 months of this year, a year-on-year increase of 27.4%, according to the General Department of Customs.
Vietnam’s tra fish producers and exporters should consider their future as Chinese enterprises move into the market.
Positive signals in key Vietnamese markets for tra fish exports like China, the EU and the US, have pushed material and fillet prices to the highest level to date.
Tra fish (pangasius) exports are likely to surpass US$2 billion for the first time this year, presenting an opportunity for Vietnam’s aquatic product exports to realise or even exceed its yearly goal of US$9 billion.
The domestic business sector earned roughly US$33.1 billion in outbound sales in the first half of the year, increasing by 19.9% year-on-year, according to a newly released report by the Ministry of Industry and Trade (MoIT) on its website.
The Mekong Delta province of An Giang has expanded breading areas for material tra fish (pangasius) due to increasing export demand since the start of the year, said Chief of the Office of the provincial Department of Agriculture and Rural Development Tran Dac Mau.
The US Department of Agriculture’s Food Safety and Inspection Service (FSIS) will inspect Vietnam’s pangasius quality control system in the next few months, according the National Agro-Forestry-Fisheries Quality Assurance Department (NAFIQAD).
The Vietnamese tra fish (pangasius) and seafood fair is scheduled to take place at the Hanoi-based Agricultural Exhibition Centre from October 6-8.
Domestic price of tra fish (pangasius) is rising due to increasing demand for exports at year’s end while supply source is limited, according to the Ministry of Agriculture and Rural Development.
VOV.VN - On October 14, 2016, the US Department of Commerce initiated its 13th administrative review of an antidumping duty order on frozen fish fillets from Vietnam for the period August 1, 2015, through July 31, 2016.
The Ministry of Agriculture and Rural Development plans to organize a fair for Vietnam’s tra fish (pangasius) and seafood in Hanoi in October in an effort to promote their sales in the country’s northern market, and expand exports, especially to China.
VOV.VN - Vietnamese farm raised pangasius catfish sales in the European Union have hit troubled waters in recent months following the airing of a damaging Spanish exposé in early January, say leading seafood distributors.
The future looks challenging for Hung Vuong Joint Stock Company (HoSE: HVG), dubbed “the King of Pangasius,” after the audit of the company’s financial reports showed a big discrepancy between the audited and self-reported profit, revenue, and liabilities.
Differences between audited and unaudited financial statements areunavoidable, however, a difference of up to trillions of VND caught Hung Vuong Joint Stock Company (HVG)’s investors by surprise.
VOV.VN - Vietnamese catfish exports to the EU continue to plummet amid long-standing concerns with respect to the quality of the controversial farm-raised pangasius species, commercially sold as basa, tra or swai products.
An international conference on aquaculture, fisheries and seafood supply chains – Aquaculture Vietnam 2016 - will be organised in HCM City in the middle of next month.