Business

Tra fish export to China enjoys strong growth

Vietnam’s tra fish export to China and Hong Kong (China) recorded a strong growth in January-October, hitting 122 million USD, representing a year-on-year increase of nearly 50 percent.
Tra fish export to China enjoys strong growth ảnh 1Processing tra fish for exports (Photo: VNA)

Can Tho (VNA) - Vietnam’s tra fish export to China and Hong Kong (China) recorded a strong growth in the first ten months of this year, hitting 122 million USD, representing a year-on-year increase of nearly 50 percent.

With this pace, it is forecast that China will become one of the three largest importers of Vietnamese tra fish apart from the US and Europe, said Deputy Chairman and General Secretary of the Vietnam Pangasius Association Vo Hung Dung.

In the January-October period, Vietnam’s tra fish export value reached over 1.2 billion USD, 9.6 percent lower than that of the same period last year due to remarkable tumble in shipments to the US and Europe.

According to Dung, most of tra fish exports to China are through cross-border trade, which do not require strict quality standards. But when the exports rise, the country is expected to apply various regulations to the product, he said, urging domestic exporters to pay due attention to factors related to quality standards and payment safety when selling to China.

The Association will work to promote aquaculture models under the Vietnamese Good Agricultural Practices (VietGAP) standards and strictly implement Decree No 36/2014/ND-CP on growing, processing and exporting catfish, towards ensuring quality and increasing competitiveness of tra fish products in new markets.

Vietnam’s tra fish products have been sold in 113 countries and territories worldwide. Tra fish export volume and value in new markets such as China, Brazil and Mexico have been rising, while those in traditional markets show downfall.-VNA

VNA
#tra fish export #growth #importers #cross-border trade #VietGAP China
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