Fishing output gains 2.7 percent in Jan-Apr

Vietnam’s fishing output in the first four months of 2018 totalled nearly 1.08 million tonnes, an increase of 2.7 percent from a year ago thanks to favourable weather conditions and increased fish population.
Fishing output gains 2.7 percent in Jan-Apr ảnh 1Vietnam’s fishing output in the first four months of 2018 increases by 2.7 percent. (Photo: VNA)

Hanoi (VNA) – Vietnam’s fishing output in thefirst four months of 2018 totalled nearly 1.08 million tonnes, an increase of2.7 percent from a year ago thanks to favourable weather conditions andincreased fish population.

According to the Ministry of Agriculture and RuralDevelopment, over 95.4 percent of the fish, or about 1.03 million tonnes, werecaught at sea, up 2.8 percent year on year while 49,000 tonnes were capturedfrom rivers.

However, the total tuna catches of the country’s largest tunafleets in Phu Yen, Binh Dinh and Khanh Hoa provinces declined in January –April. The three provinces brought ashore a total of over 7,420 tonnes of tuna,down 14 percent from the same period last year. Binh Dinh reported the highestdecrease of 18 percent to nearly 1,590 tonnes of tuna.

Meanwhile, the aquaculture output during the periodexceeded 1 million tonnes, up 6 percent from the same time last year.

The Mekong Delta region harvested some 373,000 tonnes oftra fish, a year-on-year surge of 8 percent.

With tra fish fetching high prices, local farmers have rushed to dig ponds andbreed more fish, leading to the scarcity of fish fry and increase in theirprices.

In a stark contrast, farmers have been rushing off their feet to harvest shrimpfor fear of price drop. Each kilogramme of white-leg shrimp is being sold at110,000-120,000 VND (4.84- 5.28 USD), decreasing 10,000-20,000 VND (0.44-0.88USD) per kg from the previous month.

The country earned some 2.4 billion USD from exporting aquatic products in thefirst four months of 2018, representing a year-on-year rise of 13 percent.

In April alone, the country raked in 650 million USD from the export of aquaticproducts.

The US, Japan, China and the Republic of Korea were the biggest importers inJanuary-March, making up 52 percent of the Southeast Asian country’s totalaquatic product exports. The highest growth was reported in the Netherlands(55.7 percent), China (44.6 percent) and the UK (33.8 percent).

In the four-month period, Vietnam imported 536 million USD worth of aquaticproducts, up 27.4 percent against the same period last year. Of the figure, 130million worth of aquatic products were imported in April.

Aquatic product exports in 2018 are expected to exceed 8.5 billion USD, upabout 3 percent compared to 2017, though Vietnam's exports to the US and EUmarkets will continue to be affected by catfish inspection, anti-dumping andillegal, unreported and unregulated fishing (IUU), according to the Vietnam Association of SeafoodExporters and Producers.-VNA
VNA

See more

Prime Minister Pham Minh Chinh and Thai Prime Minister Paetongtarn Shinawatra witnessed the exchange of the MoU between the Ministry of Industry and Trade and Thailand's Central Group. (Photo: VNA)

MoIT, Thailand’s Central Group forge partnership to boost Vietnamese exports

The MoU, signed as part of Thai Prime Minister Paetongtarn Shinawatra’s official visit to Vietnam from May 15-16, was the result of extensive discussions between the two sides, aimed at enhancing the presence and competitiveness of Vietnamese products, particularly consumer goods, and agricultural and aquatic products.

Chu Lai Port welcomes the Chana Bhum, a Singapore-flagged vessel operated by RCL, marking the opening of the Chu Lai–India shipping route. (Photo: VNA)

Vietnamese firm, Thailand-based shipping line cooperate to launch Chu Lai - India direct call service

The direct call service helps cut transportation time, reduce costs, increase competitiveness by bypassing major transshipment ports in northern and southern Vietnam. At the same time, it opens up new trade opportunities, promotes logistics activities, develops supply chains, strengthens regional connectivity, and enhances the position of Chu Lai Port on the international maritime map.

Deputy Minister of Finance Cao Anh Tuan grants an interview to the Vietnam News Agency (VNA). (Photo: VNA)

Vietnam, US foster bilateral economic, financial cooperation

Strengthening the Vietnam - US economic and financial cooperation will open new avenues for collaboration and serve as a symbol of trust and a substantive Comprehensive Strategic Partnership for mutual prosperity, a Vietnamese official has said.

Ba Ria-Vung Tau seaport (Photo: VNA)

Resolution 68: A game-changer for Vietnam’s private sector

Beyond regulatory reform, Resolution 68 provides support policies for access to land, capital, and high-quality human resources, while also promoting digital transformation, innovation, sustainable development, and global value chain integration.

A booth at VietOffice 2024. The first VietOffice held in May last year was a success, generating positive results. (Photo: VNA)

VietOffice 2025 expected to attract 100 exhibitors

The event will see the participation of about 100 exhibitors from eight countries and territories, namerly India, Taiwan (China), China, the Republic of Korea, Japan, Hong Kong (China), the US, and Vietnam.

Illustrative image (Photo: VNA)

Exporters diversify orders to reduce reliance on single market

Facing the risks posed by trade barriers and potential reciprocal tariffs from the US, many businesses have proactively shifted their market strategies, stepped up trade promotion, and diversified their orders to reduce reliance on a single market.

A customer buys petrol at a station in Hanoi. (Photo: VNA)

Government proposes 2-pp VAT reduction on select goods and services until 2026

A 2-percentage-point reduction in the value-added tax (VAT) for goods and services will lead to a decrease in state revenue by approximately 121.74 trillion VND (over 4.69 billion USD) over the proposed period. This includes an estimated 39.54 trillion VND in the second half of 2025 and 82.2 trillion VND in 2026.

Illustrative photo (Photo: VNA)

Petrol prices up in latest adjustment

E5 RON92 petrol is now capped at 19,180 VND (0.74 USD) per litre, up 403 VND from the previous adjustment, while RON95-III petrol costs 19,594 VND per litre, up 415 VND.

Delegates at the groundbreaking ceremony. (Photo: VNA)

Ba Ria-Vung Tau: New phase of luxury resort project kicks off

The nearly 1 billion USD subdivision includes a system of 5-star hotels, resort villas, entertainment facilities, a casino, and an international convention and exhibition centre, with more than 6,000 rooms, serving over 18,000 guests at the same time.