The US surpassed China to become the biggest importer of Vietnamese tra fish in February, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
The fisheries sector of Vietnam is facing an array of difficulties as the acute respiratory disease caused by the novel coronavirus (COVID-19) has led to contracted exports.
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.
The fisheries sector in 2020 will focus on granting certification to brackish shrimp farms (tiger shrimp and white-leg shrimp), tra fish farms and aquaculture in cages, Director of the Directorate of Fisheries Tran Dinh Luan said.
Vietnam is expected to rake in 2.3 billion USD from tra fish exports this year, according to the Directorate of Fisheries under the Ministry of Agriculture and Rural Development (MARD).
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 Food Safety and Inspection Service (FSIS) under the US Department of Agriculture (USDA) has recognised Vietnam as a country eligible to export Siluriformes fish (catfish, including tra fish) and fish products to the US.
The Food Safety and Inspection Service (FSIS) under the United States Department of Agriculture has officially recognised Vietnam’s Pangasius Food Safety Control System after more than three years of negotiations.
Sufficient material supply for processing plants is expected to help the seafood industry rake in 9 billion USD in export revenue in 2019, said the Ministry of Agriculture and Rural Development.
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 Aquaculture Vietnam 2019 opened in the Mekong Delta city of Can Tho on October 16, drawing more than 100 firms of over 20 countries and territories.
The Vietnamese Embassy in the US coordinated with the National Fisheries Institute (NFI) of the US to organise an exchange with NFI members in Washington DC on September 17.
Nearly 100 percent of tra fish ponds used for commercial production in the Mekong Delta province of Dong Thap have been granted identification numbers, reported the provincial Department of Agriculture and Rural Development.
The agro-forestry-fishery sector raked in an estimate 3.64 billion USD from exports in August, raising the total value in the first eight months of the year to 26.6 billion USD.
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).
Prices of tra fish have dropped to the lowest level in 10 years due to export difficulties, according to the Ministry of Agriculture and Rural Development’s Agricultural Market Development and Processing Department.
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.
Many listed tra fish (pangasius) businesses reported a surge in profits in the second quarter of 2019, partially thanks to share sales and export growth.
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