Vietnam earned US$369.1 million from exporting tra fish to the US in the first nine months of this year, up 42.9% year-on-year.
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 export value is expected to exceed US$2 billion this year, higher than the industry’s target, according to experts.
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.
Vietnam’s tra fish export turnover to the US surpassed that to China to hit US$58.5 million in July, making up 30% of the country’s total export value of tra fish.
Tra fish exports to the European Union (EU) have recovered following incorrect news published by overseas media, said General Secretary of the Vietnam Association of Seafood Exporters and Processors (VASEP) Truong Dinh Hoe.
The Vietnam Association of Seafood Exporters and Producers (VASEP) on August 15 published an article on its website saying inaccurate information about Vietnamese tra fish on several Romanian websites could affect Vietnam’s tra fish exports to this market.
VOV.VN - Many countries are intensifying their safeguard measures and imposing new food safety regulations and environmental protection criteria, creating difficulties for Vietnam’s exports of domestic products.
The Mekong Delta province of Dong Thap has issued identification numbers to ponds that breed tra fish under a government decree on aquaculture management that went into effect last July.
Export turnover of the Mekong Delta province of An Giang hit US$455.9 million in the first seven months of 2018, a rise of 6.59% year-on-year and meeting 54.2% of the year’s plan.
The Vietnam Association of Seafood Exporters and Producers (VASEP) has urged domestic enterprises to maintain strict quality control of aquatic products exported to China amidst the fast growth of tra fish export to this market recently.
China’s reduction of import tax on tra fish will help domestic firms boost exports to the country – the largest market for Vietnamese tra fish.
The Middle East has recently been touted as a potential market for Vietnamese seafood exporters due to its rising demand for seafood products, high payment ability, and less strict product standards as compared to the EU, the US and Japan.
Good prospect is forecast in the export of several agricultural products, including rice, in the rest of the year as demand in importing markets has shown optimistic signs, according to the Ministry of Agriculture and Rural Development (MARD).
Building national trademarks for tra fish and shrimp was the highlight of a conference of the Vietnam Association of Seafood Processors and Exporters (VASEP) held in Ho Chi Minh City on June 12.
The Mekong Delta province of Tien Giang is developing intensive tra fish farming in alluvial areas along rivers to produce high quality fish for export.
Authorities in the Mekong Delta have tightened management of breeding areas for Tra fish as prices continue to rise.
Vietnam’s tra fish (pangasius) exports to China continued to record year-on-year strong growth of 43% to US$145 million in the first four months of 2018.
Export turnover of tra fish reached US$438.2 million in the first quarter of 2018, an increase of 18% year-on-year, according to the Association of Seafood Exporters and Producers (VASEP).
Vietnam’s tra fish exporters can still access the US market despite the US Department of Commerce (DOC)’s imposition of high anti-dumping duties on Vietnamese tra fish, said Secretary General of the Vietnam Association of Seafood Exporters and Producers (VASEP) Truong Dinh Hoe.