Vietnamplus

Vietnam’s tra fish exports to the US is expecting a better outlook in the remaining months of this year after getting some good news.

The Vietnam Association of Seafood Exporters and Producers (VASEP) said that it has received preliminary results of the US Federal Register’s 19th anti-dumping duty review (POR19) on Vietnam’s frozen fish fillet in the period from August 1, 2021, to July 31, 2022, with positive features.

Aquatic product exporters have been advised to make the most of every market opportunity in the remaining months of this year to speed up the recovery process.

Vietnam’s aquatic export recovery has yet to meet expectations although the negative growth rate has been eased, prompting businesses to further explore small markets in order to raise their sales.

The Vietnam Association of Seafood Exporters and Producers (VASEP) forecast tuna export orders will increase sharply in the last months of the year due to decreasing inventories in major export markets and the recently signed Vietnam-Israel Free Trade Agreement.

The Vietnam Fisheries International Exhibition – Vietfish 2023 kicked off in Ho Chi Minh City on August 23.

Vietnam’s aquatic product exports are likely to suffer a drop in 2023 although market prospects are better than last year's end, the Vietnam Association of Seafood Exporters and Producers (VASEP) has reported.

The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), put into effect over three years ago, is expected to open up new export opportunities for Vietnamese goods, including aquatic products, according to insiders.

Vietnam’s export turnover is estimated to reach 29.3 billion USD in June, a month-on-month rise of 4.5%, which shows that the market is gradually recovering thanks to trade promotion activities, according to the General Statistics Office.

Vietnam is predicted to face challenges in realising its 10-billion-USD goal in aquatic export value in the third quarter of 2023, heard a conference held by the Vietnam Association of Seafood Exporters and Producers (VASEP) held in Ho Chi Minh City on June 12.

Although the aquaculture industry have been facing many challenges, it continues to receive support from the Government, Director in charge of communications of the Vietnam Association of Seafood Exporters and Producers (VASEP) Le Hang told Lao dong newspaper.

Export enterprises must make reasonable adjustments and diversify their export products based on the specific demands of each market, and seek to take advantage of free trade agreements and explore new markets in order to compensate for drops in farm product exports to existing markets, said Minister of Agriculture and Rural Development Le Minh Hoan.

Vietnam’s aquatic product exports in April plummeted 28% year-on-year to 810 million USD, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

Fishery products shipped overseas earned 2.63 billion USD for Vietnam between January and April, down 27.7% year-on-year, according to the Ministry of Agriculture and Rural Development.

Vietnamese seafood are being introduced at the Seafood Expo Global that is underway in Barcelona, Spain from April 25-27.

Prime Minister Pham Minh Chinh on April 13 stressed the need to ease difficulties and remove obstacles, especially in terms of market, institutions, and credit capital, for the production, processing and export of forest and aquatic products.

Prime Minister Pham Minh Chinh on April 13 chaired a conference where he worked with the Vietnam Timber and Forest Product Association (VIFOREST) and the Vietnam Association of Seafood Exporters and Producers (VASEP) to seek solutions to hurdles facing forestry-fishery production and exports.

Fisheries export value was estimated at 1.85 billion USD in the first quarter (Q1) of this year, a fall of 27% compared to the same period last year due to lower consumption and import demand under the impacts of inflation and economic recession, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

Domestic tuna exporters are targeting promising small markets to get out of current difficulties amid economic fluctuations in big importing countries.

Thanks to better input material supply and the application of a closed production process, tra fish industry is expected to overcome difficulties and become profitable again in the third quarter of this year, according to analysts.