Vietnam’s tra exports exceed US$2 billion for first time
Wednesday, December 19,2018AsemconnectVietnam - 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 of this year, a year-on-year increase of 27.4%, according to the General Department of Customs.
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.
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.
Many enterprises have invested in processing high added-value tra fish products for export, boosting the export price and export value of tra fish, he said. In China, the volume of Vietnam’s added-value tra fish products accessing supermarkets, restaurants and fast food chains has increased strongly.
Now, when exporting to the EU local enterprises focus on product quality, added-value products and food hygiene and safety standards instead of competitiveness in price, according to the association.
That has brought profit for tra fish producers, processors and exporters.
However, the high price of tra fish has made many people rush to rear tra fish.
Meanwhile, the domestic tra fish industry still faces many challenges such as a lack of quality fingerlings and slow innovation in technology and methods of rearing tra fish, according to the association. Vietnamese tra fish also lacks a strong brand.
Processors should use automation technology for processing and build a transparent traceability system.
Meanwhile, State management agencies need a market development fund to have a long-term strategy in building up brand of Vietnamese tra fish, build a database of catfish production and forecast for farmers and enterprises and suitable plans of farming tra fish and other kinds of freshwater fish.
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