Tuesday, November 12, 2019 12:18:10 PM - Markets open
VN-INDEX 1,021.00 +4.25/+0.42%
HNX-INDEX 106.88 +0.12/+0.11%
UPCOM-INDEX 56.86 +0.14/+0.24%
Tra fish exports surge to set new record
VietnamPlus - 12/28/2018 9:45:34 AM
 (0 ratings. You must sign in to rate.)
Tra fish exports posted an impressive growth rate of 26.4 percent this year to hit a record of 2.26 billion USD, according to the Directorate of Fisheries of Vietnam.
 
Nguyen Ngoc Oai, Acting Director General of the directorate, said tra fish exports have leapt from 1.78 billion USD in 2017 to 2.26 billion USD this year, compared to revenue of only about 1.5 – 1.8 billion USD over the last five years and the 1.9 – 2 billion USD target initially set for 2018.
 
The breakthrough growth is attributable to numerous factors, said the Vietnam Association of Seafood Exporters and Producers (VASEP).
 
Aside from high prices since 2017, businesses have improved their product quality and organised production chains to ensure sufficient supplies.
 
Additionally, growing demand in many markets, particularly major ones like the US, China (including Hong Kong), the EU and ASEAN, has helped boost tra fish exports.
 
VASEP elaborated that this year, the US returned to top spot among Vietnam’s tra fish markets, with shipments surging by 54.5 percent to make up 24.2 percent of total revenue. Tra fish exports to China and the EU have hiked 23.7 percent and 17.1 percent year on year, respectively.
 
Oai said Vietnamese tra fish has suffered from anti-dumping duties imposed by the US over the years. However, in 2018, several delegations of inspectors from the US Department of Agriculture visited Vietnam. After examinations, this department’s Food Safety and Inspection Service proposed Vietnamese tra and basa fish be recognised as eligible for export to the US. 
 
Moreover, anti-dumping duties on some tra fish exporters have been reduced, even to zero percent for some firms, helping tra fish shipments to this market enjoy breakthrough growth, the official added.-VNA
 
Read original article here
 
 
Newer News
11/11 Vietnam’s exports estimated at 217.05 bln USD in 10 months
09/11 Livestock exports expected to fetch US$1.2 billion this year
07/11 Vietnam’s export tunover surges 7.4 percent in 10 months
03/11 Vietnamese telcos target 5G chipsets and devices
02/11 US forecasts bright outlook for trade with Việt Nam
02/11 EVFTA must bring benefits to people: INTA chief
29/10 Anti-dumping duties on steel products extended for 5 more years
26/10 VN needs foreign aid to develop renewable energy
25/10 VN needs foreign aid to develop renewable energy
23/10 US cuts antidumping duties on Vietnamese tra fish fillets
Older News
26/12 Deputy PM calls for Japanese investment in automobile, energy
26/12 Hanoi continues to be most attractive FDI destination
25/12 Seafood exports rake in about 9 billion USD in 2018
24/12 PM works with advisory team on 2019 growth targets
24/12 Tien Giang province’s export turnover hits 2.7 billion USD
21/12 Middle East, Africa as potential destinations for Vietnamese goods
18/12 Việt Nam’s tra exports exceed $2b for first time
18/12 Vietnam becomes Asia’s hottest investment destination: Forbes
17/12 Local firms prepare for CPTPP’s strict regulations
12/12 Vietnam’s growth rate at nearly 6.8 percent this year: WB
 
Newsletter Signup
Top Stories
VN-Index slides for second day
Reference exchange rate reverses downward trend on October 23
Prices of Grade A office space rise due to low supply
VN stocks to beat 1,000 points in Q4
Consumer price index to be controlled at low level of 3.3-3.5% in 2019
Market Update
Last updated at 12:15:00 PM
VN-INDEX 1,021.00 +4.25/+0.42%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Your most recently viewed tickers will automatically show up here if you type a ticker in the Get Quotes box on the top of the page.
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Portfolio
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.