Tra fish exports surge in seven months

13:40 | 11/08/2018 Trade Follow Ven.vn on

The export turnover of tra fish soared 19.5 percent to US$1.18 billion in the first seven months of 2018, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

Processing tra fish for exports - Photo: cafef.vn

In July alone, the country exported US$182 million worth of tra fish, representing a year-on-year rise of 13.5 percent.

Major consumers of Vietnamese tra fish include China, the US, the European Union (EU), the Association of Southeast Asian Nations (ASEAN), Mexico, Brazil, Colombia, and the United Arab Emirates (UAE).

High export growth was seen in the UAE (up 133.5 percent), China (up 45.2 percent) and ASEAN (up 36.5 percent).

China remained the biggest importer of Vietnamese tra fish with US$290 million, up 45.2 percent year-on-year, making up 24.7 percent of the total export turnover for this product.

The US came second with US$250 million (up 11.5 percent) followed by the EU with US$137.5 million (up 15.3 percent), accounting for 20.4 percent and 11.7 percent of the total figure, respectively.

Notably, the UAE surpassed Saudi Arabia to be among top 8 importers of Vietnamese tra fish with US$32.5 million, recording a considerable growth of 133.5 percent.

In 2017, the UAE was the third largest importer of Vietnamese tra fish in the Middle East market with a value of US$23 million, down 13.2 percent compared to the previous year.

However, Vietnam’s tra fish exports to the UAE reversed with a sharp upturn in export value in the first months of this year, with increases shooting up by between 117-221 percent a month since March.

The strong growth was attributed to the Saudi Food & Drug Authority (SFDA)’s decision to suspend imports of fish, crustacean and other aquatic products from Vietnam.

The temporary suspension was based on the World Organization for Animal Health (OIE)’s "Quarterly Aquatic Animal Disease Report (Asia-Pacific Region) April - June 2017", and the outcomes of the working visit to Vietnam by SFDA in late 2017.

Vietnam is the world’s largest exporter of tra fish, making up more than half of the global tra fish output.

There is increasing demand for Vietnamese tra fish in Russia, the Middle East, and Asian countries.

VNA

See more news

Vietnam targets textile-garment export growth

06:00 | 03/01/2023 Major exports

(VEN) - Free trade agreements (FTAs), especially new-generation ones, are expected to help Vietnam reach a textile and garment export value of US$45-47 billion in 2023.

The path to fostering green exports

06:00 | 30/12/2022 Trade

(VEN) - Data from the recent Vietnam Export Promotion Forum 2022 organized by the Ministry of Industry and Trade and the European Chamber of Commerce (EuroCham) in Vietnam show that businesses in various sectors have renewed production to meet green manufacturing standards for exports, enhancing the competitiveness of Vietnamese goods in the international market.

Agro-forestry-fishery exports to UK overcome barriers

06:00 | 28/12/2022 Major exports

(VEN) - The UK-Vietnam Free Trade Agreement (UKVFTA), effective since May 1, 2021, has created favorable conditions as well as challenges for Vietnamese agro-forestry-fishery exports to this market.

Trade promotion helps export growth

06:00 | 23/12/2022 Foreign trade

(VEN) - Trade promotion has significantly contributed to Vietnam’s export achievements. Vietnam Economic News’ Viet Nga spoke with Vu Ba Phu, Head of the Ministry of Industry and Trade’s Vietnam Trade Promotion Agency (VIETRADE) about the agency’s work.

Trade deals: The good, bad and unpredictable

06:00 | 20/12/2022 Trade

(VEN) - Free Trade Agreements (FTAs) provide ample opportunities for trade. However, since many countries are constantly changing their policies with the aim of sustainable growth, businesses need to be more innovative to effectively penetrate these markets.

Vietnamese goods increase foreign presence

06:00 | 06/12/2022 Trade

(VEN) - The volume of Vietnamese goods in the global trading system is on the rise, but their competitiveness remains weak. Vietnam Economic News’ Hoang Lan spoke about this issue with Deputy Director of the Ministry of Industry and Trade’s Domestic Market Department Le Viet Nga.

Global supply chains: Risks and opportunities

06:00 | 02/12/2022 Trade

(VEN) - At a recent workshop on opportunities and challenges for global value chains (GVCs) held by the Ministry of Industry and Trade, domestic and foreign economists agreed that the COVID-19 pandemic has severely affected GVCs and at the same time created opportunities for them.

Accelerating year-end exports

06:00 | 01/12/2022 Trade

(VEN) - Many sectors of the Vietnamese economy achieved impressive export growth in the first three quarters of 2022 and fulfilled their annual export plans ahead of schedule, despite the complex global economic situation. However, signs have emerged of export slowdown in the fourth quarter.

Exporters urged to use int’l distributors

06:00 | 30/11/2022 Trade

(VEN) - International distributors are opening a world of opportunities for Vietnamese manufacturers and exporters, including new markets, improved consumer access and profitable revenue streams.

Global supply chain disruptions persist

06:00 | 23/11/2022 Trade

(VEN) - The COVID-19 pandemic created opportunities and challenges for the global supply chain. To ensure uninterrupted trade flows, countries need to take advantage of the new opportunities to overcome the challenges facing the global supply chain.

Latest Most Read

Positive prospects for Vietnam’s stock market this year

14:48 | 31/01/2023 Stock Market

2022 was an eventful year for the Vietnamese stock market with many records set.

January FDI nears US$1.7 billion

14:46 | 31/01/2023 FDI

Vietnam attracted foreign direct investment (FDI) worth US$1.69 billion as of January 20 this year, down 19.8 percent annually, according to the General Statistics Office (GSO).

ABB E-mobility delivers millionth EV charger

10:40 | 31/01/2023 Companies

ABB E-mobility has announced the delivery of its one millionth electric vehicle charger, the latest milestone in the company’s ongoing mission to enable an emission-free future through smart and reliable EV charging solutions.

Vietnam posts trade surplus of 3.6 billion USD in January

10:03 | 31/01/2023 Foreign trade

Despite decreases in both imports and exports, the country still enjoyed a trade surplus of 3.6 billion USD in the first month of 2023, according to the General Statistics Office (GSO).

Cuc Phuong National Park among leading national parks in Asia

09:50 | 31/01/2023 Infographic

The Cuc Phuong National Park, a famous tourist destination in the northern province of Ninh Binh, has once again been named "Asia's Leading National Park".

Shinhan Life Vietnam introduces flexible term life insurance product

14:45 | 03/01/2023 Companies

Shinhan Life Vietnam recently launched life insurance “Shinhan – Song Khoe with Fantastic Four S-Plus”. This is a flexible insurance solution that offers a wide range of options to optimize protection for each customer.

Hanoi firms slash prices to stimulate demand

06:00 | 18/12/2022 Metropolis

(VEN) - The industry and trade sector of Hanoi is implementing numerous activities to assist businesses in capitalizing on high demand for shopping at the end of the year. These stimulus measures are expected to boost production and business activities while ensuring economic development goals.

Screening proposed for improved foreign investment

06:00 | 21/12/2022 FDI

(VEN) - Foreign direct investment (FDI) has contributed significantly to the Vietnamese economy since the Law on Foreign Investment in Vietnam was promulgated in 1987. However, Vietnam is mulling effective screening tools to enhance FDI quality.

Five-color sticky rice, blending nature with culture

06:00 | 17/12/2022 Photo

(VEN) - The northwestern region of Vietnam is famous for various cuisines, most notable among them the five-color sticky rice with its distinctive white, purple, green, yellow and red hues. The dish is served on special occasions, such as new year celebrations, weddings and death anniversaries.

Efforts made to ease stock, corporate bond crunch

06:00 | 16/12/2022 Stock Market

(VEN) - Vietnam is seeking to expand the nation’s corporate bond market in response to diverse business credit needs and efforts to ensure liquidity.

Multimedia

Video Longform Infographic Photo

Cuc Phuong National Park among leading national parks in Asia

09:50 | 31/01/2023 Infographic

The Cuc Phuong National Park, a famous tourist destination in the northern province of Ninh Binh, has once again been named "Asia's Leading National Park".

Tet impressive in foreign ambassadors' eyes

14:49 | 30/01/2023 Lifestyle

Tet (Lunar New Year holiday) is always an interesting experience for foreigners in Vietnam. Enjoying the Tet atmosphere, foreign ambassadors have shared their feelings about the biggest traditional festival in the country.

Digital economy hoped to make up 20 percent of Vietnam’s GDP by 2025

09:44 | 30/01/2023 Infographic

Vietnam expects its digital economy to account for 20 percent of GDP by 2025.

Norwegian Ambassador experiences Vietnamese Tet traditions

06:00 | 28/01/2023 Lifestyle

Norwegian Ambassador to Vietnam Hilde Solbakken and her family are enjoying a lot of Vietnamese traditions during their first Tet (Lunar New Year) in the country, including “xin chu” (asking for calligraphy from scholars).

Fireworks soar across Vietnam ringing in Year of the Cat

13:07 | 22/01/2023 Photo

Colourful fireworks lit up major cities across Vietnam Sunday night in an exuberant celebration of the Lunar New Year.

Policy

Việt Nam supports expansion of UN Security Council

06:00 | 30/01/2023 Policy

Addressing the first meeting of the Intergovernmental Negotiations on Security Council reform at the 77th UN General Assembly on January 26 (local time) in New York, Ambassador Nguyễn Phương Trà also emphasised improving the working method of the UNSC and limiting the use of veto power.

Prime Minister assigns tasks to Deputy Prime Ministers

07:00 | 17/01/2023 Policy

Prime Minister Pham Minh Chinh has signed decision 19/QD-TTg assigning tasks to the Deputy Prime Ministers.

Taking advantage of growth opportunities: Party leader

09:18 | 04/01/2023 Policy

Party General Secretary Nguyen Phu Trong suggested promoting national digital transformation, digital economy and digital society in association with environmental protection while attending the teleconference between the Government and 63 provinces and cities.

Financial mobilization for development of circular economy

17:02 | 03/01/2023 Policy

As one of the countries heavily affected by climate change, the development of a circular economy is an important solution for Vietnam, towards the development of a green and low-carbon economy.

Industry & Trade

Binh Lieu mountain region powers up

06:00 | 28/01/2023 Province

(VEN) - The mountainous border district of Binh Lieu in the northeastern province of Quang Ninh is changing rapidly due to investment in infrastructure of roads, electricity and schools, greatly improving the lives of the predominantly ethnic minority population.

Steel industry to gradually recover in 2023

15:48 | 27/01/2023 Industry

HCM CITY — Domestic steel demand is expected to keep falling due to the property market slump and tightened monetary policy, economic downturn in many export markets and a rise in supply making the outlook for the industry in 2023 poor, analysts said.

Quang Ninh ships first tonne of coal on first day of Lunar New Year

18:16 | 23/01/2023 Energy

The northern coastal province of Quang Ninh shipped the first tonnes of coal on January 21, the first day of the Lunar New Year, from the Cam Pha port.

Support industries vital for global integration

06:00 | 18/01/2023 Support industries

(VEN) - “Entering 2023, Vietnam needs to promote the development of support industries to help the country’s industrial sector effectively participate in the global supply chain,” said Deputy Director of the Industry Agency under the Ministry of Industry and Trade (MoIT) Ngo Khai Hoan in an interview with Vietnam Economic News’ Lan Anh.

Investment

January FDI nears US$1.7 billion

14:46 | 31/01/2023 FDI

Vietnam attracted foreign direct investment (FDI) worth US$1.69 billion as of January 20 this year, down 19.8 percent annually, according to the General Statistics Office (GSO).

Viet Nam calls for more investment in green growth

16:52 | 22/01/2023 FDI

Deputy Prime Minister Tran Hong Ha called on foreign businesses to boost investment, support Viet Nam in green growth, and well implement international commitments on sustainable development and climate change, including UNCOP26 commitments to achieving net-zero emissions by 2050.

Hanoi attracts nearly US$1.7 billion in FDI in 2022

17:43 | 03/01/2023 Metropolis

Hanoi attracted US$1.69 billion in foreign direct investment (FDI) last year, still among the localities leading the nation in this field.

FDI disbursement exceeds US$20 billion

06:00 | 01/01/2023 FDI

(VEN) - Foreign direct investment (FDI) disbursement reached more than US$20 billion in 2022 - the highest level in five years, aiding post-pandemic recovery.

Finance-Banking

Positive prospects for Vietnam’s stock market this year

14:48 | 31/01/2023 Stock Market

2022 was an eventful year for the Vietnamese stock market with many records set.

Positive 2023 securities market forecasts

06:00 | 20/01/2023 Stock Market

(VEN) - Vietnam’s securities market experienced strong volatility in 2022, stemming from investor caution in the face of global economic and political uncertainties.

Banking sector stable, but challenges abound

06:00 | 16/01/2023 Finance-Banking

(VEN) - The banking sector will confront challenges in 2023 both from the international and domestic economies, requiring stabilized macroeconomic conditions and balances.

PM directive to ensure payment demands during Tet

17:55 | 03/01/2023 Finance-Banking

The State Bank of Vietnam (SBV) must direct commercial banks to meet all payment and cash demands of individuals and firms during Tet (Lunar New Year).

Environment

Vietnam looks ahead to 2023 climate summit

06:00 | 25/12/2022 Environment

(VEN) - World leaders are hoping the COP28 Climate Change Summit, scheduled for November 30 to December 12, 2023, in the UAE will achieve expectations not met at the COP27 summit held in Egypt in November 2022.

Preserving nature, facilitating business

06:00 | 10/12/2022 Environment

(VEN) - In the past few years, the natural resources and environment sector of Hung Yen Province has advised authorities on state management of natural resources and the environment, contributing to provincial economic growth, industrialization and modernization.

AkzoNobel Vietnam protects Cu Lao Xanh lighthouse against harsh weather

11:40 | 24/11/2022 Environment

AkzoNobel, a leading global paints and coatings company and the major producer of Dulux brand, has completed repainting the Cu Lao Xanh Lighthouse project with Dulux Weathershield®. It is the third lighthouse in Vietnam recoated under the “Lighthouse Protection Campaign” of AkzoNobel.

JTI Vietnam commits to net zero greenhouse gas emissions

16:25 | 15/11/2022 Environment

Climate change is the most urgent issue of our time, and to limit its impact on life on earth, the rise in mean global temperature should not exceed 1.5°C above pre-industrial levels. The private sector plays a huge role in helping to achieve this goal, and companies must commit and take concrete action in accordance with the Paris Agreement.

Science - Technology

Managed security provides IT talent gap solution for businesses in SEA

16:34 | 30/01/2023 Information technology

Global cybersecurity company Kaspersky today reveals the state of MSSP in the region, particularly the main benefits that local SMBs and enterprises gain from this outsourcing model.

Headquarters of Vietnam-Korea Institute of Science and Technology inaugurated

09:23 | 30/01/2023 Science - Technology

An inauguration ceremony of the headquarters of the Vietnam-Korea Institute of Science and Technology (VKIST) was held at the Hoa Lac Hi-tech Park in Ha Noi on January 17.

WHO to share mRNA vaccine technology with VietNam

09:14 | 30/01/2023 Science - Technology

Vietnam, along with Bangladesh, Indonesia, Pakistan and Serbia will receive support from the World Health Organization (WHO)'s mRNA technology transfer hub in South Africa, announced the World Health Organization (WHO) on February 23.

Welcoming the year of digital data for Vietnam

16:57 | 22/01/2023 Digitalization

(VEN) - In 2022, the government assigned more important functions and tasks in digital transformation, government, economy, society, technology, and electronic transactions to the Ministry of Information and Communications.

Society

PM inspects national key transport projects

09:36 | 31/01/2023 Society

The first phase of the 652.86km North-South Expressway has 11 component projects, three of which are invested in public-private partnerships (PPP). The rest, including the Mai Sơn-National Highway 45 project, are funded with public investment.

A great chance to invest in commercial property

10:46 | 30/01/2023 Property

Vietnam's commercial real estate sector is still in its infancy and is mostly focused on Ho Chi Minh City and Hanoi. However, industry analysts assert that the market area has a great deal of untapped potential.

Prime Minister launches New Year tree planting festival

15:36 | 27/01/2023 Society

Prime Minister Pham Minh Chinh offered incense to President Ho Chi Minh and launched the annual New Year tree planting festival at K9-Da Chong relic site, Hanoi’s outlying district of Ba Vi, on January 27, the sixth day of the Year of the Cat.

Vietnamese celebrate Tet overseas

09:00 | 26/01/2023 Society

The Vietnamese community in the Republic of Korea (RoK), Belgium, and Germany has been enabled to mark the biggest and long annual traditional event of their homeland – the Lunar New Year festival (Tet) – via associated visits and gatherings over the past few days.

Vietnamese Brands

Nestlé Vietnam and the journey to sustainable development

13:00 | 10/01/2023 Companies

(VEN) - With nearly three decades of operation in Vietnam, Nestlé Vietnam has been implementing many initiatives to improve human health and protect the planet through its commitments and sustainable development strategy. Recently, the company has continued to be honored as the Most Sustainable Business in Vietnam.

VIMC embarks on strong recovery

06:00 | 10/01/2023 Companies

(VEN) - In the context of the strong recovery of the maritime transport market, the Vietnam Maritime Corporation (VIMC) has brought into play its internal strength to achieve successful business results in 2022.

MM Mega Market launches a new modern Giá tốt business model

16:18 | 30/12/2022 Vietnamese Brands

Recognizing changes in shopping behaviors, MM Mega Market has publicly launched its new business model – Giá tốt. Giá tốt is currently present in big cities and provinces in Vietnam with more than 250 Giá tốt partners, including Ho Chi Minh City, Hanoi, Da Nang, Binh Duong, Bien Hoa, Quy Nhon, Buon Ma Thuot, Rach Gia, etc.

Tra fish exports surge in seven months

See also

See more news

Multimedia