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.
Export revenue of tra fish to the Russian market in the first 10 months of this year fell 31 percent compared to last year to 12.5 million USD, reported the Vietnam Association of Seafood Exporters and Producers (VASEP).
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.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
Illustrative image (Source: VNA) 
