The Việt Nam Association of Seafood Processors and Exporters said the UAE mainly exported frozen fillets from Việt Nam, accounting for around 93 per cent of the country’s tra fish export to this market.
Việt Nam''s tra fish (pangasius) exports are exported to continue the growth in the coming months thanks to the control of the COVID-19 pandemic in importing countries.
As tra fish export has been on the decline in recent years due to a rise in trade protectionism in large traditional markets such as the US, Vietnamese firms are looking to bring the fish back home.
The tra fish export sector was probably the most improved industry this year, but rampant production could lead to excess supplies and price s, according to Viet Dragon Securities Company (VDSC).
Viet Nam’s tra fish export value has exceeded US$2 billion for the first time, with the figure hitting $2.05 billion in the first 11 months of this year, a year-on-year increase of 27.4 per cent, according to the General Department...
Viet Nam’s seafood export turnover in November reached US$852 million, raising the total value in 11 months to $8.1 billion, a year-on-year increase of 6.8 per cent.
Tra fish export value is expected to exceed US$2 billion this year, higher than the industry’s target, due to the US-China trade war, according to experts.
Many Vietnamese exporters are seeking new markets for tra (catfish) as they face new tariffs in the United States, long one of the biggest consumers of Vietnamese tra fish.
Despite a new US requirement that foreign exporters demonstrate their food safety control system is equivalent to American regulations, no backlog has been recorded in Vietnamese tra fish exports to that country.
Exports of tra fish to the United States have remained stable after it imposed a demand that exporting countries demonstrate that their food safety control system is equivalent to that of the US.
Deputy Minister of Industry and Trade Cao Quoc Hung on Wednesday held a press conference at the Vietnamese Embassy in Spain, sharing information on breeding and export of tra fish.