Vietnam’s tra fish exports to reach 2.3 billion USD in 2019
Vietnam is expected to rake in 2.3 billion USD from tra fish exports this year, according to the Directorate of Fisheries under the Ministry of Agriculture and Rural Development (MARD).
Hanoi (VNA) – Vietnam is expected to rake in 2.3billion USD from tra fish exports this year, according to the Directorate ofFisheries under the Ministry of Agriculture and Rural Development (MARD).
Despite market difficulties and low prices, the domestic tra fishsector was given a boost when the US Department of Agriculture officiallyrecognised Vietnam’s Pangasius Food Safety Control System after more than threeyears of negotiations.
The recognition was important for thedevelopment of the pangasius industry, MARD official Phung Duc Tien said,adding that it proved Vietnamhad a system in place that met US market requirements, which were amongthe strictest in the world.
In order to meet US regulations, the MARD saidit had been working closely with stakeholders in Vietnam for three yearsto develop a system that met the US Farm Bill 2014.
“It will help local pangasius firms toaccess and expand their export markets, not only in the US but also in other regions,”said Nguyen Nhu Tiep, Director of Agro-Forestry-Fisheries Quality AssuranceDepartment at MARD, adding that it would also encourage more enterprises toexport pangasius to the US along with the existing 13 export markets.
According to the MARD’s statistics, Vietnam has yearlyproduction of 1.3 million tonnes of pangasius, India 650,000 tonnes, Bangladesh450,000 tonnes, Indonesia 110,000 tonnes and China 10,000 tonnes.
The US Department of Commerce lowered anti-dumpingduties on frozen pangasius fillets from Vietnam in the 15th period ofreview (POR15).
Last year, Vietnam exported 550 million USDworth of pangasius to the US, the country’s second largest market./.
Vietnam shipped a total 34.18 million USD worth of tra fish to Malaysia this year to mid-October, a year-on-year surge of 23.6 percent, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
Vietnam’s aquatic export revenue is estimated to reach 778 million USD in November this year, pushing the total earnings in the first 11 months of 2019 to about 8 billion USD.
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Illustrative image (Source: VNA) 
