Solutions to develop the ornamental fish industry in HCM City were discussed at a recent workshop held by the municipal Department of Agriculture and Rural Development.
Ho Chi Minh City (VNA) – Solutions to develop the ornamental fish industry in HCM City were discussed at a recent workshop held by the municipal Department of Agriculture and Rural Development.
With nearly 300 production establishments turning out around 120 million fish worth 500 billion VND (22.5 million USD) in 2015, HCM City is the industry’s centre, according to Huynh Thi Kim Cuc, deputy director of the department.
The same year, the city exported 13 million ornamental fish to 50 countries and territories, earning 12 million USD. The European market accounts for 70 percent of the sector’s export volume.
The industry has set the goal of producing between 120-180 million fish each year and exporting 40 to 50 million fish with a value of 50 million USD by 2020.
Participants said small-scale and scattered production without cooperation among production establishments of the industry is denting its development.
Le Huu Thien, General Director of the Thien Duc Ornamental Plants and Animals Company, said the city needs to build a market dedicated to ornamental plants and animals to serve both trade and sighting activities.
According to Dr. Nguyen Diem Thu from the Research Institute for Aquaculture, large-scale ornamental fish production needs to pay attention to prevention and treatment of diseases.
The application of science and technology is also important, Vu Thi Thanh Huong, from the HCM City Centre for Biotechnology, said, adding that her centre is researching the creation of new species of fish using the genetic ♑modification method on indigenous ornamental fish.-VNA
The exportation of ornamental fish from Ho Chi Minh City and several Mekong Delta provinces have brought high profits for breeders this year, mostly due to an increase in the number of promotions.
Ho Chi Minh City expects to earn up to 50 million USD from exporting 40-50 million ornamental fish each year, according to the city’s ornamental fish development programme from 2016-2020.
Ho Chi Minh City earned 7 million USD from shipping 7.4 million ornamental fish abroad by mid-June, up 13 percent in quantity and 32 percent in revenue from the same period last year.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Illustrative image (Source: VNA)
