Huge haul in new markets for Vietnam’s tra fish exports
Demand for Vietnam’s tra fish (pangasius) is up in major markets, driving the export of the catfish overseas, reports the Vietnam Association of Seafood Exporters and Producers (VASEP).
Hanoi (VNA) – Demand for Vietnam’s tra fish (pangasius) is up in major markets,driving the export of the catfish overseas, reports the Vietnam Association ofSeafood Exporters and Producers (VASEP).
Tra fishexports are projected to surge a whopping 97 percent year-on-year in the firstfive months of 2022, reaching 1.1 billion USD.
Besidesexporting to traditional markets such as the US and Europe, seafoodexporters have expanded markets to take advantage of the new demand. Specifically, Vietnamhas trolled new fish markets in Mexico, Egypt and Thailand.
VASEP expertTa Ha said that the Mexico market has the largest export value in theComprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP)trade bloc.
Tra fishsales to Mexico topped 50 million USD in the first five months ofthis year, an increase of 70 percent against last year’s figure.
Shipments toThailand hit nearly 50 million USD during the period, a year-on-year spike of80 percent. Vietnam exported over 15 million USD worth of tra fish to Egypt, up85 percent year-on-year.
These arepositive signs that tra fish is a favoured seafood product in these fresh newmarkets.
VASEPreports that the new Thailand market is advantageous in terms of geographicaldistance. The growing demand for tra fish imports has attracted many Vietnamesebusinesses to this Southeast Asia country. There are as many as 60 enterprises currently shipping tra fish to the Thai market.
The USremains one of the key markets of Vietnamese tra fish. It recentlylicensed six more Vietnamese pangasius processing factories to export to themarket.
Tra fishexports to the US were estimated to hit 243 million USD in the first fivemonths of this year, up 130 percent from a year earlier.
Meanwhile,two more Vietnamese enterprises have been permitted to export seafood productsto the Eurasian Economic Union (EAEU) by Russia's Federal Service forVeterinary and Phytosanitary Surveillance (FSVPS).
However,experts said that even though these moves will promote export growth, it isnecessary for enterprises to source enough tra fish for production.
Le Thanh Thuan,Chairman of the Board of Directors of IDI International Development andInvestment Cor♏poration🌞, said strong recovery of consumer demand has made it difficult for manufacturers to fill orders in recent months. They are operating at fullcapacity to meet the sharp increase in orders.
Currently, the corporation hasfull orders until the end of the second quarter, he said, adding that it has begunstockpiling fish for the revival of such big markets as Mexico and Brazil./.
The export of aquatic products recorded strong growth last month although the Russia-Ukraine crisis has disrupted shipments to the two European countries since late February and caused spikes in shipping costs and input expenses, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
The Vietnam Association of Seafood Exporters and Producers (VASEP) has forecast a bright future for the tra fish industry this year on the back of strong demand from major markets including the US, Europe and Asian countries.
The average price of Vietnam’s tra fish (pangasius) exported to the US increased sharply in the first quarter of this year to the highest ever level of 4.5 USD per kilogramme, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
The US Food Safety and Inspection Service under the US Department of Agriculture has just recognized 6 more Vietnamese tra fish processing factories that are eligible to export their products to the US market.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
While German consumers are familiar with Vietnamese products such as coffee, seafood, tea, and spices, many other quality items remain relatively unknown in the market. The Selgros event not only helped introduce Bac Giang lychee to German consumers but also provided them with the opportunity to experience other Vietnamese agricultural products.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
A Nordic delegation to Vietnam International Sourcing 2025 in September will feature leading names in retail, consumer goods, logistics, and sustainable manufacturing, including global fashion giant H&M, offering fresh prospects for partnerships in fashion, textiles, and green supply chains.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
Effective from the date of signing on June 18, the decision halts procedures outlined in the 2005 Memorandum of Understanding (MoU) between the governments of Vietnam and Laos on the initial implementation of the Greater Mekong Subregion (GMS) Cross-Border Transport Facilitation Agreement at the Lao Bao–Densavan border gate.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Tra fish processing for export (Photo: VNA) 
