Despite a significant fall in exports in 2022, there are bright prospects ahead for pangasius exports this year thanks high demand from China and the United States – the two major markets for Vietnam, according to insiders.
The Russian Federal Service for Veterinary and Phytosanitary Supervision (FSVPS) have recently added two more seafood enterprises to the list of Vietnamese firms permitted
Photo for illustration. (Source: VOV) In the updated list, the two eligible enterprises include Hung Ca Co., Ltd (DL 126) and Vinh Hoan Joint Stock Company (DL 500). One of the key export items to the EAEU market are frozen pangasius fillet that are produced in seafood facilities coded DL 126 and DL 500. In line with this, the Centers for the Agro-Forestry-Fisheries Quality Assurance in Vietnamese localities have been assigned to grant certificates of quarantine for products coded DL 126, DL 500. Furthermore, local businesses have been advised to ensure they follow all regulations on food safety in terms of processing and exporting seafood products to the demanding market. According to statistics compiled by the General Department of Vietnam Customs, despite global trade fluctuations and the negative impacts of the COVID-19 pandemic, trade turnover between the nation and EAEU during the 11-month period last year surged by 13.1% to reach US$12.7 billion. Moreover, Vietnam and countries
Tra fish prices in Vietnam have hit a new high since 2019, but insiders are concerned that high prices do not bode well for farmers. Hung Ca Co Ltd director-general Tran Van Hung said that it had been the case for many years that farmers boosted production too much when they saw prices rising. Consequently, prices normally slumped heavily after reaching record highs.