Pangasius processing for exports. (Photo: Stock File)
Pangasius exports grow despite difficult market conditions
(VIET NAM, 4/7/2018)
Vietnamese pangasius (tra fish) exports reached USD 430 million in the first three months of the year, representing a year-on-year increase of 16 per cent despite the many challenges the industry had to face, according to Việt Nam Association of Seafood Exporters and Producers (VASEP).
Given the many obstacles the industry needs to overcome in order to achieve its export target for 2018, such as low raw material supply and US catfish inspection programme and a high anti-dumping tariff, VASEP highlights the sector should receive the State’s support to establish a healthy business environment.
Trương Đình Hòe, VASEP general secretary, points out that to ensure the export target this year meets at least USD 2 billion in value, the local enterprises can increase the export value of tra fish by developing high-quality processed products.
According to the sector enterprises, the growth in pangasius exports to other markets such as China, Japan and the ASEAN, can support the export growth of the industry and offset the decline in the major markets of the EU and the US.
However, a strong export growth to the Chinese market has a hidden risk, Hòe warns. In this regard, he explains the enterprises should solve negative factors in price competition to have a sustainable development in this market in the future.
In the first quarter of this year, the value of Việt Nam’s tra fish exports to China saw a year-on-year increase of 42 per cent, surpassing the US to become the largest export market for Vietnamese tra fish.
To maintain the stability of pangasius exports to China and avoid dependence on one market, VASEP has proposed that the Ministry of Agriculture and Rural Development manage the quality of exports to China in the next three months, when the supply of this fish the domestic market will be higher.
According to the proposal, the ministry should grant product quality certificates before transporting the pangasius exports to China via road at the border gates.
The VASEP also requested the ministry to conduct a programme to inspect fish processing facilities and ensure the quality of tra fish products are maintained.
At the same time, the State should undertake a long-term development strategy to export this fish to China and conduct marketing and advertisement programmes for the product in this large market.
editorial@seafood.media
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