The US Department of Commerce (DOC) has lowered anti-dumping duties on frozen tra fish (pangasius) fillets from Vietnam in the 15th period of review (POR15), according to the Ministry of Trade and Industry (MOIT).
The export value of tra fish in July continued to drop for the fifth consecutive month, down 12.7 percent year-on-year, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
The EU-Vietnam free trade agreement (EVFTA) is expected to bring great opportunities for exporters of Vietnam and the Mekong Delta region in particular. However, insiders have advised Vietnamese firms to improve their products’ quality to overcome barriers in the choosy EU market.
With the Comprehensive and Progressive Agreement for Trans-Pacific (CPTPP) officially coming into force, Vietnamese exporters should make the most use of the opportunities it brings in Japan, one of Vietnam’s leading trade partners.
The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is opening the door wide for Vietnamese tra fish, a major foreign currency earner, to enter the markets of 10 other members of the deal.
Vietnamese tra fish, a major foreign currency earner, has gradually won the trust of Japanese consumers as seen in the market’s emergence as one of the 10 biggest tra fish importers of Vietnam.
Vietnamese tra fish exporters are confident that their business will continue to thrive in the coming time despite facing anti-dumping duties and expansion of farming areas in many rival countries.
The US Department of Commerce (DOC) has announced its final decision of the DOC’s 14th Period of Review on anti-dumping tariffs on Vietnam’s tra fish batches imported into the country during the period from August 1, 2016 to July 31, 2017.
Vietnam’s tra fish (pangasius) industry has been urged to strongly improve its quality so as to compete with not only traditional rivals, but also its biggest tra fish importer – China.
The aquaculture sector makes up nearly 10 bln USD in exports each year but the sector is facing several challenges, including the threat of completely losing markets for Vietnamese tra fish products.
Tra fish exports posted an impressive growth rate of 26.4 percent this year to hit a record of 2.26 billion USD, according to the Directorate of Fisheries of Vietnam.
Minister of Agriculture and Rural Development Nguyen Xuan Cuong has called for more efforts to push aquatic product export turnover to 10 billion USD in 2019.
Exports to China have surged in recent years, with the trend forecast to continue, so Vietnamese enterprises have been urged to keep tabs on the huge market.
Vietnam’s tra fish export value has exceeded 2 billion USD for the first time, with the figure hitting 2.05 billion USD in the first 11 months of this year, a year-on-year increase of 27.4 percent, according to the General Department of Customs.
Positive signals in key Vietnamese markets for tra fish exports like China, the EU and the US, have pushed material and fillet prices to the highest level to date.
The Seafood Fair will take place in Hanoi from October 6-10, a representative of the Trade Promotion Centre for Agriculture under the Ministry of Agriculture and Rural Development told a press conference on September 28.
Prime Minister Nguyen Xuan Phuc has said that among 12 targets assigned by the National Assembly (NA) this year, eight are likely to be surpassed and the four others to be met.
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