Tra fish is being processed for export in a factory. (Source: VNA)
Hanoi (VNA) – Chinahas become an increasingly lucrative market for Vietnam’s Tra fish (pangasius) butVietnamese enterprises face risks in this market.
In recent years, tra fish exportsto China have grown strongly, helping offset the decline in traditional marketslike the European Union and ASEAN.
In the past five years, tra fishexports to China increased annually by between 24.2 percent and 88.7 percent toreach 304.7 million USD in 2016, more than four times the export value fiveyears earlier and almost double the value in 2015.
Aprt from China, the UnitedStates is Vietnam’s only major market that has seen tra fish exports continueto increase, reaching 387.4 million USD in 2016, up 22.8 percent.
Tra fish exports to the EuropeanUnion have declined over the past three years to 261.1 million USD in 2016. Declineshave also been seen in ASEAN (0.2 percent), Mexico (12 percent), Brazil (12.5percent), Colombia (15.4 percent), and Saudia Arabia (16.6 percent).
However, enterprises who exportcatfish to China still face some risks.
Chinese companies often only pay30 percent of the total value of shipments and logistics costs in advance.Vietnamese exporter only receive the remaining 70 percent if their Chinesepartner receive the shipments.
Most tra fish products exportedto China are butterfly-c💜ut or fillet products, so if Chinese importers do notbuy these products, it is hard for Vietnamese companies to export them to othermarkets.-VNA
Incorrect news broadcast by overseas media can hurt exports of tra fish this year, the Vietnam Association of Seafood Producers and Exporters (VASEP) has said.
Experts have advised tra fish businesses to focus on the Asian market, particularly China and countries from the Association of Southeast Asian Nations (ASEAN) in 2017 in anticipation of difficulties from the current main markets of the US and EU.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
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.
Tra fish is being processed for export in a factory. (Source: VNA)
