Skip to main content

Vietnam’s tra fish exports exceed US$2 billion for first time

Vietnam’s tra fish (pangasius) export value has exceeded US$2 billion for the first time, with the figure hitting US$2.05 billion in the first 11 months of this year, a year-on-year increase of 27.4%, according to the General Department of Customs.


Vietnam’s tra fish export value has exceeded US$2 billion for the first time, with the figure hitting US$2.05 billion in the first 11 months. (Photo: VNA)


Duong Nghia Quoc, chairman of the Vietnam Pangasius Association, said the total export value of tra fish this year is expected to reach a record high at about US$2.2 billion.

In October and November, the consumption of tra fish in the US increased about 40% due to a reduction in anti-dumping duties on Vietnamese tra fish, while tra fish demand recovered in the EU and China maintained good consumption.

To meet demand, Mekong Delta provinces should maintain tra fish output of 1.3-1.5 million tonnes per year, Quoc said. They should focus on improving the quality of fish farming and processing more value added products.

Truong Dinh Hoe, general secretary of the Vietnam Association of Seafood Exporters and Producers (VASEP), said the two main reasons for the growth in tra fish export value in the first 11 months this year included price and added-value products.

This year, tra fish output has not met high demand on the local market, driving the price of raw material for tra fish production and the export price up. This contributed significantly to the value of catfish exports from the beginning of the year, Hoe said.

Hoe said 2019 is expected to be a good year for producers, processors and exporters of tra fish as the export market has stable demand and standards.

dtinews.vn

Popular posts from this blog

In US–China Trade War, Vietnam Stands to Benefit

As the United States considers imposing further tariffs on China amid ongoing trade tensions, foreign companies operating in China are shifting production to its southern neighbor, Vietnam. The disputes between the world’s two largest economies could prove a significant boon for the Vietnamese economy, which this year reached its highest rate of growth in the eight years.



Official data published by the Vietnamese authorities shows that the country’s GDP has grown by 7.1 percent in the first half of 2018, and its export average surged from 17 percent in 2017 to 20 percent through this June.

Foreign direct investment (FDI) into Vietnam increased by 9.2 percent from January to August in 2017 to $11.25 billion in the same period this year, Vietnam’s investment ministry said last month.

Because of geostrategic and commercial factors, Vietnam is unlikely to be a target of Trump’s trade war, despite its having a $40 billion trade surplus with the United States, said Bill Stoops, chief invest…

Tuyển dụng nhân viên sale xuất nhập khẩu

Công ty cổ phần xuất nhập khẩu Gralimex cần tuyển:

01 nhân viên sale xuất nhập khẩu
Làm việc tại thành phố Thanh Hóa
Ngành hàng: đồ hộp và thức ăn đại gia súc

Yêu cầu có kinh nghiệm ngành xuất nhập khẩu

Liên hệ: Mr Tình 0888 864 836

GRALIMEX, JSC.
Tel: +84 237 8655 789 or +84 975 267 425
Head office: No.4, Quang Hung ward, Thanh Hoa city, Thanh Hoa province, Vietnam
Website: www.gralimex.com (main page) www.gralfood.com (canned food) www.gralfeed.com (animal feed & agriculture residue)
E-mail: sale.gralimex@gmail.com

Vietnam seeks foreign capital for renewable energy projects

By the end of 2018, the total capacity of renewable power projects had accounted for 2.1 percent of total electricity output in Vietnam.

However, Deputy Minister of Industry and Trade Cao Quoc Hung affirmed that developing renewable energy to ease the reliance on traditional power generation methods is one of Vietnam’s priority tasks.

Under the national strategy on renewable energy development for 2015-2030, Vietnam’s electricity output from renewable sources would increase from 58 billion kwh in 2015 to 101 billion kwh in 2020, 186 billion kwh in 2030 and 452 billion kwh by 2050, or 42 percent of total electricity output.

To reach that goal, the government has offered a series of preferences to investors, includng credit access, tax and land rent remissions, and the application of the Feed-in-Tariff electricity pricing mechanism for solar, wind, biomass power.

By the end of 2018, more than 10,000 MW of solar power had been registered by investors, while PPAs (power purchase agreemen…