Vietnam raked in an estimated 4.5 billion USD from exporting aquatic exports in the first five months of 2022, up over 44.5 percent over the same period last year, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
Demand for Vietnam’s tra fish (pangasius) is up in major markets, driving the export of the catfish overseas, reports the Vietnam Association of Seafood Exporters and Producers (VASEP).
The Vietnam Association of Seafood Exporters and Producers (VASEP) has forecast a bright future for the tra fish industry this year on the back of strong demand from major markets including the US, Europe and Asian countries.
Vietnam’s Pangasius (tra fish) exports in January 2022 surged nearly 73 percent year-on-year to 213.6 million USD, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
A meeting held by the Ministry of Agriculture and Rural Development (MARD) on March 9 pointed out the urgent need to shift from unofficial and small-scale shipment to export through official channels to China.
That Russia is excluded from the Society for Worldwide Interbank Financial Telecommunication (SWIFT) will pose certain but possibly temporary difficulties for payments of Vietnam’s trade transactions, and agricultural traders will find out new payment methods soon, insiders said.
There remains large room for Vietnam’s shrimp industry to strive for greater export growth in the next few years, said the Vietnam Association of Seafood Exporters and Producers (VASEP).
Tuna exports enjoyed a three-digit growth rate in the first month of this year, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
Pangasius (tra fish) exports topped 1.61 billion USD last year, an 8.4 percent rise from 2020, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
A series of large consignments of many industries have been exported to other countries before and during the Tet (Lunar New Year) festival signal hope for Vietnam’s export.
The three-digit growth rate of Vietnam’s tuna exports to Mexico and Israel is considered a catalyst for a strong increase of over 16 percent of the country’s total tuna export value in 2021.
Revenue from tra fish exports is expected to reach 1.7 billion USD thanks to adaptation efforts of businesses and effective support from the State, Truong Dinh Hoe, General Secretary of the Vietnam Association of Seafood Exporters and Producers (VASEP), has said.
Shrimp export value exceeded 3.8 billion USD in 2021, up 3 percent from 2020 and making up around 45 percent of Vietnam’s earnings from the export of fishery products, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
Three more members have been added to a Domestic Advisory Group (DAG) established under the EU-Vietnam Free Trade Agreement (EVFTA), pushing the total number of its official members to six.
Vietnam would earn 1.54 billion USD from tra fish export this year, up 3 percent from 2020, the Vietnam Association of Seafood Exporters and Producers (VASEP) forecast.
The Vietnam Association of Seafood Exporters and Producers (VASEP) has sent a petition to the Prime Minister proposing the amendment of regulations on quarantine for aquatic products used for food.
Vietnam’s shrimp export earnings will hit around 3.9 billion USD this year, up 4 percent from 2020, according to Le Hang, Deputy Director of the Vietnam Association of Seafood Exporters and Producers (VASEP)’s Training and Trade Promotion Centre (VASEP.PRO).
Business
