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.
Many Vietnamese businesses have been reportedly tricked by foreign partners from Morocco, Canada, New Zealand and the US recently.
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.
Minister of Agriculture and Rural Development Nguyen Xuan Cuong has urged the Mekong Delta provinces, especially An Giang, to apply advanced technologies in tra (pangasius) fish production.
Vietnam’s tuna export revenue is likely to reach the target of US$500 million in 2018 as the figure already hit US$351 million in the first seven months of this year, while growth has been seen in the majority of markets.
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.
The Vietnam Fisheries International Exhibition (Vietfish) 2018 will be held at the Saigon Exhibition and Convention Centre from August 22-24, the Vietnam Association of Seafood Exporters and Producers (VASEP) has announced.
Young Vietnamese scientists gathered in the Mekong Delta city of Can Tho on August 10 to introduce new technologies for aquaculture – a major industry generating export products of the country.
Vietnamese shrimp exporters need to improve quality of their products, and update procedures and requirements in the Republic of Korea (RoK) to overcome technical barriers that hinder the shipments, experts have said.
VOV.VN - Vietnam’s tra fish (pangasius) exports in July soared 13.5% to US$182 million, bringing total export turnover in seven months to US$1.18 billion, up 19.5% against the same period last year, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
Various challenges face Vietnam’s shrimp exports to the US, as aside from high anti-dumping duties, Vietnamese businesses have to tackle harsh policies the US uses to protect domestic production.
Export revenue of aquatic products is estimated to hit US$2.7 billion in the third quarter, a 13% rise year-on-year, said the Vietnam Association of Seafood Exporters and Producers (VASEP).
With the US tightening import rules for shrimp and abalone at the end of this year, Vietnamese processors and exporters need to start preparing data now, an American expert has said.
Vietnamese seafood companies need to work harder to realise the export target of US$10 billion set by the Ministry of Agriculture and Rural Development (MARD) when oversea shipments in during January-July were estimated at only US$4.66 billion.
Vietnam’s catfish exports have been robust this year but the country’s overwhelming dependence on the increasingly competitive Chinese market remains a matter of risk.
Vietnam has become one of the three largest white-fleshed fish suppliers for Brazil, with the export value of Tra fish to the market reaching 104.7 million USD in 2017, up 54 percent against 2016.
Prime Minister Nguyen Xuan Phuc has asked ministries and sectors to review and submit their plans to cut 50 per cent of their business conditions before August 15.
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.
The price of material shrimps is forecast to recover in August and September after suffering drops over the past months, especially in the second quarter of 2018, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).