Vietnamplus

The UK-Vietnam Free Trade Agreement (UKVFTA) will open up more opportunities to boost the export of Vietnam’s key agricultural products with the commitments to market opening the same as the EU-Vietnam FTA, Minister of Industry and Trade Tran Tuan Anh has said.

Diversifying products and adapting quickly to market fluctuations will help create growth momentum and remove difficulties for seafood exports, experts have said.

This year is believed to be a brighter year for the domestic tra fish industry with exports inching up in the first quarter, according to an official from the Vietnam Pangasius Association.

Export revenue of tra fish to the Russian market in the first 10 months of this year fell 31 percent compared to last year to 12.5 million USD, reported the Vietnam Association of Seafood Exporters and Producers (VASEP).

Vietnam shipped a total 34.18 million USD worth of tra fish to Malaysia this year to mid-October, a year-on-year surge of 23.6 percent, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

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).

According to the director general of the MM Mega Market Vietnam, in 2019, the company will double its farm produce imports from Vietnam, to 200 tonnes each month.

The Ministry of Industry and Trade (MoIT) and wholesaler MM Mega Market Vietnam, a subsidiary of Thailand-based TCC Group, on August 8 agreed to strengthen cooperation that will allow more Vietnamese goods to enter the firm’s retail chains, both at home and overseas.

The Mekong Delta province of Ben Tre will develop its maritime economy over the next decade, focusing on fishing, tourism and renewable energy, according to the provincial People’s Committee.

Vietnam’s tra fish exports to the UK in the first quarter increased by 69.5 percent to 11.9 million USD, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

Export turnover of the Mekong Delta province of An Giang hit 455.9 million USD in the first seven months of 2018, a rise of 6.59 percent year-on-year and meeting 54.2 percent of the year’s plan.

The Vietnam Association of Seafood Exporters and Producers (VASEP) has urged domestic enterprises to maintain strict quality control of aquatic products exported to China amidst the fast growth of tra fish export to this market recently.

China’s reduction of import tax on tra fish will help domestic firms boost exports to the country – the largest market for Vietnamese tra fish.

Export value of aquatic products was estimated at 732 million USD in June, bringing the figure for the first half of the year to 3.94 billion USD, up 10.5 percent annually, according to the Ministry of Agriculture and Rural Development.

The US’s recent ruling to impose unprecedentedly high anti-dumping duties on tra fish fillets from Vietnam lacks a legal basis, said the Agro Processing and Market Development Authority (APMDA) under the Vietnam Ministry of Agriculture and Rural Development (MARD).

The US’s recent ruling to impose unprecedentedly high import duties on frozen Tra fish fillets from Vietnam shows a level of unfairness and is not in line with the usual antidumping law provisions.

Vietnam’s frozen Tra fish fillets will be subject to antidumping duties of 2.39 – 7.74 USD per kilogramme from the United States, according to a US decision which the Ministry of Industry and Trade (MoIT) claimed unfair and providing unduly excessive protection.

Vietnam will not see high year-end growth in exports of tra fish and shrimp to US by this year because trade barriers have reduced their value, according to the national seafood association.

The US Department of Commerce has imposed anti-dumping duty of 2.39 USD per kilogramme on frozen tra fish fillets which were imported from Vietnam between August 1, 2015 and July 31, 2016.