Tra fish exporters seek stronger foothold in European market
A forum was held in Ho Chi Minh City on August 6 to seek to earn a
sustainable niche for Vietnam’s pangasius (tra) fish in the European
Union now that the shipments of such product to the market have
plunged.
A forum was held in Ho Chi Minh City on August 6 to seek to earn a
sustainable niche for Vietnam’s pangasius (tra) fish in the European
Union now that the shipments of such product to the market have
plunged.
According to Secretary-General of the Vietnam Association of Seafood Exporters and Producers (VASEP) Truong Dinh Hoe, the fish has brought home more than 1.8 billion USD on a yearly basis from 150 countries and territories worldwide, 21 percent of which came from the EU.
Since 2010, tra fish consumption in the EU has, however, faced a downward trend. Key importers such as Spain, the Netherlands, and Germany reduced their imports by 14,300 tonnes averagely over the past three years. In this year’s January-June, tra fish exports encountered a year-on-year decline of 9 percent.
Deputy head of the Import-Export Department under the Ministry of Trade and Industry Duong Phuong Thao said Vietnamese businesses have missed many orders from the market due to their small-scale operation, poor productivity, and financial shortages. Additionally, businesses still remain passive and depend largely on their EU partners, she added.
Despite the fact, the VASEP Secretary-General was optimistic about the possibility of bringing more locally-produced tra fish products to the EU which imports up to 65 percent of seafood since this type of fish is favoured by the market. The UN Food and Agriculture Organisation estimated that an average aquatic consumption in European countries will increase to 24 from 22 kg per year.
Experts have also agreed that local breeders, processors and exporters are making all-out efforts to meet the stricter requirements, including food safety and environmental responsibility, from the EU and other markets around the world.
The Government has recently issued Decree 36/2014/ND-CP, requiring breeders, processors, and exporters of tra fish to meet Vietnam Good Agricultural Practice (VietGap) standards or other international ones such as GlobalGAP and Aquaculture Stewardship Council (ASC) in a move to retain their exports in such markets as the EU and the US .
The Mekong Delta, in particular, is carrying out an EU-funded project on building a sustainable tra fish supply chain in Vietnam, which aims to increase the competitiveness of the product in the global market.
According to the Directorate of Fisheries, as of July this year, the region farmed nearly 4,000 ha of tra fish, a yearly increase of 9.9 percent, harvesting about 594,000 tonnes, up 0.3 percent.-VNA
According to Secretary-General of the Vietnam Association of Seafood Exporters and Producers (VASEP) Truong Dinh Hoe, the fish has brought home more than 1.8 billion USD on a yearly basis from 150 countries and territories worldwide, 21 percent of which came from the EU.
Since 2010, tra fish consumption in the EU has, however, faced a downward trend. Key importers such as Spain, the Netherlands, and Germany reduced their imports by 14,300 tonnes averagely over the past three years. In this year’s January-June, tra fish exports encountered a year-on-year decline of 9 percent.
Deputy head of the Import-Export Department under the Ministry of Trade and Industry Duong Phuong Thao said Vietnamese businesses have missed many orders from the market due to their small-scale operation, poor productivity, and financial shortages. Additionally, businesses still remain passive and depend largely on their EU partners, she added.
Despite the fact, the VASEP Secretary-General was optimistic about the possibility of bringing more locally-produced tra fish products to the EU which imports up to 65 percent of seafood since this type of fish is favoured by the market. The UN Food and Agriculture Organisation estimated that an average aquatic consumption in European countries will increase to 24 from 22 kg per year.
Experts have also agreed that local breeders, processors and exporters are making all-out efforts to meet the stricter requirements, including food safety and environmental responsibility, from the EU and other markets around the world.
The Government has recently issued Decree 36/2014/ND-CP, requiring breeders, processors, and exporters of tra fish to meet Vietnam Good Agricultural Practice (VietGap) standards or other international ones such as GlobalGAP and Aquaculture Stewardship Council (ASC) in a move to retain their exports in such markets as the EU and the US .
The Mekong Delta, in particular, is carrying out an EU-funded project on building a sustainable tra fish supply chain in Vietnam, which aims to increase the competitiveness of the product in the global market.
According to the Directorate of Fisheries, as of July this year, the region farmed nearly 4,000 ha of tra fish, a yearly increase of 9.9 percent, harvesting about 594,000 tonnes, up 0.3 percent.-VNA
You should also see
Noi Bai, Da Nang named in world’s top 100 airports
Hanoi capital’s Noi Bai International Airport and the Da Nang International Airport in the central city of the same name have been listed among the world’s top 100 airports in 2024 by the UK–based aviation consultancy Skytrax.
See more
Business
Vietnam earns 1.43 billion USD from rice exports in Q1
ietnam in the first quarter of 2024 exported 2.18 million tonnes of rice, earning 1.43 billion USD, an increase of 17.6% in volume and 45.5% in value year on year. Meanwhile, the average export rice price also increased by 23.6% to $653.9 per tonne.
Business
Old loans must endure higher interest rates temporarily: central bank
The average lending interest rate for new loans by commercial banks is reported at around 6.4% per year, a decrease of 0.7 percentage point per year compared to the end of last year. However, borrowers with loans issued before the latest rate adjustment still must pay higher rates, according to the State Bank of Vietnam (SBV).
Business
Vietnam among top domestic infrastructure investors: Ambassador
Vietnam is one of the leading countries in Asia in terms of investment for infrastructure development, allocating 5.7% of its Gross Domestic Product (GDP) to projects in this field, said Ambassador Dang Hoang Giang, Permanent Representative of Vietnam to the United Nations (UN).
Business
Vietjet adds more flights to Dien Bien
To meet the rising demands to visit Dien Bien of people and tourists during the celebration of the 70th anniversary of the Dien Bien Phu victory, Vietjet increased the frequencies of flights between Hanoi, Ho Chi Minh City and the northwestern province to 28 per week.
Videos
Agro-forestry-fisheries products nearly double in Q1
Total export revenue from agro-forestry-fisheries products in the first three months of this year is estimated at over 13.5 billion USD, up nearly 22% over the same period last year, according to the Ministry of Agriculture and Rural Development.
