Hanoi (VNS/VNA) — Vietnam was the second largest supplier of white fish (mainly tra fish or pangasius) to the United States in the first half of 2024.
The Vietnam Association of Seafood Exporters and Producers (VASEP) cited data from the International Trade Center (ITC) which showed Vietnamese white fish export turnover to the US in the first half of 2024 reaching 184 million USD, accounting for 21% of the total.
Latest data from VASEP also shows Vietnam’s pangasius export turnover to the US in July 2024 reached 31 million USD, up 69% year-on-year. The surge brought the value in the first seven months of 2024 to 190 million USD, up 20% over the same period last year.
The US is currently the second largest export market for pangasius of Vietnam (behind mainland China and Hong Kong). Vietnamese pangasius products exported to the US include frozen fillets, value-added products from pangasius, dried pangasius and other frozen products.
According to VASEP, pangasius exports from Vietnam to the US recovered since the beginning of this year because the inventory in this market in 2023 has decreased significantly. In addition, preparations for festivals and year-end holidays have also increased consumer demand. It is forecast that pangasius export orders to the US will increase in the last months of the year.
🍬 VASEP reports that in the first seven months of 2024, Vietnam's pangasius export turnover reached more than 1.1 billion USD, up 9% over the same period last year. Mainland China and Hong Kong continued to be the largest export markets with 313 million USD, but down 4% year-on-year. The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP)’s market was the third largest pangasius export market with 155 million USD, up 15% year-on-year, followed by the EU with 99 million USD, down 2% year-on-year./.
Thanks to good communications strategies, Vietnamese tra fish (pangasius) products have been known to domestic and foreign consumers, and the export of these products has continuously increased in recent times, creating new breakthroughs.
Vietnam raked in 114 million USD from tra fish export to the signatory nations of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) as of June 15, a year-on-year increase of 10%, according to the General Department of Vietnam Customs.
Vietnamese tra fish export has roared back to growth after a significant drop recorded earlier this year as countries have scaled up their imports, according to insiders.
China’s Laoling city, in coordination with VINEXAD, hosted a series of events in Ho Chi Minh City from August 7-9 to seek trade and economic cooperation with Vietnam.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
