(seafood.vasep.com.vn) Pangasius exports to the United States declined in the first quarter due to a shortage of raw materials, but recovered in the second quarter with an 8.4% increase thanks to rising demand and the increase in raw material supply. Vietnam pangasius exports to the market is still steady after August 2, 2017, when all batches of products of Siluriformes fish that are to be shipped to the United States will have to undergo food safety tests.

(seafood.vasep.com.vn) Reaching out to new markets has always been prioritized in the development strategy of International Development & Investment Corporation (IDI).

(seafood.vasep.com.vn) From 5 first partners in 1998, by 2016, Vinh Hoan Corp had nearly 300 partners from more than 40 countries around the world.

Vietnam’s tra fish sold at Aeon supermarkets in Japan is listed among “TopValu” products, which are goods of superior quality.

(seafood.vasep.com.vn) In the first four months of 2017, Vietnam’s exports of processed pangasius to the EU posted a sharp year-on-year increase of 89.5%. Of that, shipments of processed pangasius (HS code 16) to Spain increased by more than 1,096% and those to the Netherlands rose by 228.3% over the same period in 2016. In order to keep this growth, Vietnamese enterprises have to change their strategies, which will be towards increasing exports of high quality products and raise their products to the EU.

Vietnam’s tra fish sold at Aeon supermarkets in Japan is listed among “TopValu” products which are goods with leading quality.

Operating effectively for 20 years with a fully integrated production model, the self-control of raw material supply and the stringent product quality management, Vinh Hoan is now the leading pangasius producer in Vietnam.

(seafood.vasep.com.vn) According to the ITC, in 2012, Saudi Arabia imported only 192 MT of frozen pangasius (HS 030324) with the value of about US$365,000. After five years, Vietnam’s pangasius exports to Saudi Arabia showed the 57-time increase in volume to hit nearly 11 thousand MT and 49-time rise in value to touch US$17.7 million.

(seafood.vasep.com.vn) Vinh Hoan Corp, the leading pangasius company of Vietnam, expected to achieve an average annual revenue and profit growth rate of 15% per year in the context of scarce raw material and high prices.

Regulations concerning exporting pangasius from Vietnam towards the US will be tightened from September onwards. This is stated by Mr Luan (Deputy Director) of Directorate of Fisheries of the Ministry of Agriculture and Rural Development (MARD) from Vietnam - at a pangasius stakeholders meet-up at the Seafood Expo Global trade show in Brussels.

Accurate and detailed information about the production and trade of Vietnam’s tra fish was provided to the Spanish press at a press conference held in the Vietnamese Embassy in Spain on May 25.

The Government has issued a decree on aquaculture management, and tra fish products processing and export, the Government Office reported.

(seafood.vasep.com.vn) In the first 3 months of 2017, Vietnam’s pangasius exports valued at US$371.3 million, up 1.6% over the same period last year. There was a shift in the importing market structure, in which, exports to China continued to increase by 56.8%.

Vietnamese pangasius producer and processor Vinh Hoan Corporation will invest in its recently-acquired Thanh Binh Dong Thap Fisheries plant in late 2017 and early 2018, to raise its capacity by 15%, Vinh Hoan CEO Nguyen Ngo Vi Tam told Undercurrent News.

Vietnam’s pangasius industry has seen its European sales plummet in the months following a damaging expose that aired on Spanish television in January 2017, but at a roundtable at Seafood Expo Global, the sector’s leaders began to formulate a comprehensive strategy to regain its market share.