return icon Vietnamnet.vn

CPTPP gives great chances for Vietnam’s tra fish exports

The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is opening the door wide for Vietnamese tra fish to enter the markets of 10 other members of the deal.

 

 

{keywords}
Vietnam’s tra fish exports to the CPTPP members totalled 328.3 million USD in 2018, up 17.3 percent year on year

 

According to the Vietnam Association of Seafood Exporters and Producers (VASEP), the 10 countries are importing Vietnamese tra fish with the turnover ranging from over 1 million USD to about 100 million USD.

Mexico is currently the biggest purchaser, importing more than 99.4 million USD worth of tra fish from Vietnam in 2018. It is followed by Canada (48.04 million USD), Australia (46.84 million USD), Singapore (45.98 million USD), Malaysia (38.33 million USD) and Japan (32.2 million USD).

Last year, Vietnam’s tra fish exports to the CPTPP members totalled 328.3 million USD, up 17.3 percent year on year. The shipments to most of these markets enjoyed strong growth, particularly Malaysia up 72.2 percent, Australia 34.4 percent, Singapore 20.7 percent, and Canada 19.5 percent.

Under the agreement, import tariffs on most of aquatic products, including tra fish, will be eliminated. Therefore, businesses believe that this is a chance for Vietnam to bolster tra fish exports to both traditional and potential markets in the CPTPP bloc.

Among the CPTPP members, Mexico is the most important market of Vietnamese tra fish because it is not only the biggest importer in the grouping but also ranks first in Latin America and fifth in the world in this regard.

Although the tra fish shipment to Mexico fell 4.65 percent in 2018, it has been rising sharply this year, reaching 40.8 million USD in the first four months – up 31.5 percent year on year.

Meanwhile, Japan has yet to be a major market of the Vietnamese product, but exports to it have reported impressive growth in recent years. The tra fish export value to Japan soared 37.6 percent in 2018 compared to the previous year.

The revenue continued to surge 38.6 percent to 8.58 million USD between January and April of 2019, making Japan one of the top 10 markets of Vietnamese tra fish in the first quarter.

Though Chile is still is a small purchaser, good growth has also been seen in tra fish exports to this market, 15 – 24.3 percent between 2016 and 2018.

Despite the modest turnover, Vietnam has become the biggest supplier of white flesh fish for this country.

Insiders believe that there remain much potential for the Southeast Asian nation to expand its tra fish market share in Chile. Additionally, with the CPTPP, Chile has great potential to become a bridge helping Vietnamese tra fish enter 33 markets in Latin America.-VNA

VN Tra fish breeders face heavy losses from low prices

VN Tra fish breeders face heavy losses from low prices

After racing to breed tra fish, farmers in the Mekong Delta region, mainly in the Tien Giang and Long An provinces, suffered heavy losses because of the rock-bottom prices of tra fish in the market.  

Tra fish shipments to US, China fall

Tra fish shipments to US, China fall

Shipments of Tra fish from the Mekong Delta to the US and China, two of the biggest buyers of the products, have dropped compared to the figure last year.  

Japan among top 10 importers of Vietnam’s tra fish for first time

Japan among top 10 importers of Vietnam’s tra fish for first time

Vietnamese tra fish, a major foreign currency earner, has gradually won the trust of Japanese consumers as seen in the market’s emergence as one of the 10 biggest tra fish importers of Vietnam.  

MORE NEWS

Only in Vietnam: Shrimp-chip straws, dragon-fruit noodles

VietNamNet sums up the “odd news” in Vietnam last week.

Vietnam in need of more village-based midwives

Vietnam is in need of village-based midwives as the country has more than 7,000 remote and disadvantaged villages where women do not regularly get antenatal care at medical facilities.

Fuel supply estimated to surge 10-15% in 2023

The Ministry of Industry and Trade has drawn up two scenarios for the minimum fuel supply in 2023, requiring key fuel enterprises to increase the overall figure by 10-15% in 2023, according to the local media.

Da Nang to hire more IT staff to meet digital transformation goals

In the 2022-2025 period, Da Nang needs at least 7,500 more information technology (IT) workers a year and in the 2026-2030 period, the figure is 8,000.

Ho Chi Minh City looks to cash in on new travel trends

Ho Chi Minh City expects to fully exploit bleisure travel - a novel type of tourism combining business travel with leisure time.

A special English class in Hanoi for the older generation

For the past four years, a special English class has been held in Hai Ba Trung District in Hanoi for students 60 to 90 years old.

VIETNAM BUSINESS NEWS DECEMBER 3

Strong economic growth creates platform for M&A market

VIETNAM NEWS HEADLINES DECEMBER 3

Hanoi Tourism Ao Dai Festival 2022 opens

Use of e-cigarettes by youth rockets with easy availability at shops

Many students and young people have been hospitalized in a deep coma after using e-cigarettes, which are easy to buy.

How will telecom carriers fare in a highly competitive market?

The traditional telecom market is getting saturated and facing upheavals, including a drop in revenue from traditional calls and SMS, a tighter management policy and changes in technology.

Number of international visitors to Vietnam sets 'record' after pandemic

Vietnam welcomed 2.95 million foreign visitors in January-November 2022, 21.1 times up year on year, but still down 81.9% compared with pre-pandemic levels in 2019.

Su-30MK2, Mi helicopters rehearse in Hanoi

On December 2, Su-30MK2 fighters performed in a rehearsal to prepare for the upcoming Vietnam International Defense Exhibition 2022.

Vietnam sends condolences over passing of former Chinese leader Jiang Zemin

Vietnamese leaders on December 2 cabled messages of condolences to Chinese leaders over the death of former General Secretary of the Communist Party of China (CPC) Central Committee and former President of China Jiang Zemin.

Ministry proposes canceling funding plans over disbursement delays

Disbursements of public funds sourced from foreign loans in the year through November had moved at a snail’s pace, reaching only slightly more than 25% of the full-year plan.

Hanoi to pilot bike rental service in six urban districts

Hanoi has approved a year-long pilot bike rental service programme in Hoan Kiem, Tay Ho, Dong Da, Ba Dinh, Hai Ba Trung, and Thanh Xuan districts.
back_to_top