Vietnamese gov't agrees to give tra fish farmers preferential interest rates for loans

News 08:29 30/10/2012 Kim Thu
While tough global conditions mean many sections of the economy are currently swimming upstream, Tra fish farmers have been given the chance to make a splash after the Government agreed to offer them preferential loan interest rates.

A Government instruction issued in early August decreed that Tra fish farmers wishing to expand their business should be able to borrow money at the favourable interest rate of 11 percent, with many provinces already taking action.

The Government decision came after a series of meetings between ministries, the State Bank of Vietnam and the Vietnam Development Bank to discuss solutions for boosting livestock and aquaculture production.

The majority of the Tra fish growers set to benefit are concentrated in the Mekong Delta.

Accordingly, An Giang Province has disbursed roughly VND267 billion (US$12 million) for lending to farmers at the preferential interest rate of 11 per cent annually.

In Vinh Long, the Department of Agriculture and Rural Development said six farming households had been able to borrow loan from the provincial Agribank at the new rate.

Nguyen Huy Dien, Deputy Director General of the Directorate of Fisheries, said most of the outstanding loans that had been taken for the purpose of breeding, collecting and selling Tra fishes have been adjusted to bring rates below 15 percent.

Dien said currently, the cost for breeding Tra fishes is estimated to cost around VND8 billion (US$381,000) per hectare and often takes 8-10 months, forcing growers to ask for loans that take a similar time period to come through. At the same time, banks only permit short-term loans at several million dong per ha.

According to the Directorate of Fisheries, it has suggested that the Ministry of Agriculture and Rural Planning outline a policy that would allow non-governmental joint stock banks to offer preferential loans to Tra fish growers and raisers.

At the same time, it also suggests the Finance Ministry should allow Tra fish growers to recoup VAT taxes for costs related to buying food, as well as adding materials used in the production of livestock food to the price stablisation list.

Vietnam expects to hit its yearly Tra fish export target of US$1.8-2 billion, according to the Vietnam Seafood Exporters and Producers (VASEP).

The Vietnam Tra Fish Association is due to be inaugurated in September, a move expected to provide a further boost to the sector.

TIN MỚI CẬP NHẬT

Vietnam and Brazil Strengthen Economic Ties, VASEP Promotes Seafood Trade Cooperation

 |  18:00 10/07/2026

(seafood.vasep.com.vn) On July 9, 2026, the Embassy of Vietnam in Brazil organized the seminar titled “Sharing Information on Vietnam-Brazil Economic, Trade and Investment Relations in the First Half of 2026” to provide updates on bilateral cooperation and strengthen connections among government agencies, industry associations, and business communities of the two countries.

Seafood exports overcome challenges, impressive growth

 |  09:07 09/07/2026

(seafood.vasep.com.vn) Seafood exports in the first 6 months of the year continued to be a bright spot with a total turnover of 5.7 billion USD, an increase of 11.4% compared to the same period last year. By commodity group, seafood is one of the three groups with a trade balance in the first 6 months of 2026 in a surplus state with 4.13 billion USD, an increase of 17%.

Escaping the low-value raw export trap: Vietnam’s seafood industry embarks on a billion-dollar transformation

 |  08:18 07/07/2026

(seafood.vasep.com.vn) For many years, Vietnam’s seafood industry has been recognized as one of the country’s key export pillars. Products such as shrimp, pangasius, tuna, squid, octopus, and a wide range of other seafood have reached hundreds of markets worldwide. Yet behind these impressive export figures lies a significant challenge: a substantial share of Vietnam’s seafood export value still comes from minimally processed products, contract manufacturing, and raw material exports—segments characterized by low profit margins and high vulnerability to fluctuations in global prices.

Vietfish 2026: The Comprehensive Ecosystem of Vietnam’s Seafood Industry

 |  15:21 05/07/2026

(seafood.vasep.com.vn) In the context of a global economy shifting powerfully toward green and sustainable values, Vietfish 2026 is far more than just a commercial trade fair. It has become a strategic rendezvous and a "comprehensive ecosystem"—a convergence of value, knowledge, and sustainable growth opportunities for the entire industry chain.

Vietnamese pangasius posts strong growth in the Colombian market

 |  08:23 04/07/2026

(seafood.vasep.com.vn) Vietnam’s pangasius exports to Colombia continued their strong upward momentum in May 2026. Export value to the market reached USD 4 million, up 24% compared to the same month in 2025. Cumulative exports in the first five months of 2026 totaled USD 24 million, an impressive 48% increase year-on-year.

Hai Phong promotes high-tech farming of red tilapia and tilapia

 |  08:56 02/07/2026

(seafood.vasep.com.vn) Hai Phong's aquaculture sector is accelerating the adoption of high technologies in aquaculture to adapt to climate change, with red tilapia and tilapia identified as the key cultured species for priority development.

Vietnam’s seafood exports reach US$5.8 billion in H1 2026: Growth maintained despite mounting cost, market, and logistics pressures

 |  09:26 30/06/2026

(vasep.com.vn) Vietnam’s seafood exports reached nearly US$1.1 billion in June 2026, up 21.0% year-on-year. Cumulative exports in the first half of 2026 totaled nearly US$5.8 billion, representing a 12.8% increase compared with the same period last year. Exports to China and Hong Kong continued to accelerate, while shipments to the United States rebounded strongly in June. In contrast, exports to the EU, Japan, and the Middle East remained sluggish or recorded slight declines.

Vietnam’s tilapia industry strengthens management and food safety standards

 |  09:08 29/06/2026

(vasep.com.vn) Tilapia is playing an increasingly important role in Vietnam’s aquaculture sector, driven not only by growing market opportunities but also by its ability to meet increasingly stringent requirements on quality, food safety, and traceability. In practice, tilapia farming in Vietnam is not a spontaneous or loosely regulated activity; rather, it operates under a comprehensive legal and technical framework covering the entire value chain—from hatcheries and farming to processing and exports.

Shrimp exports in the first five months: China drives growth while the U.S. remains under pressure

 |  08:59 26/06/2026

(seafood.vasep.com.vn) Vietnam’s shrimp exports reached USD 1.9 billion in the first five months of 2026, up 12% compared with the same period last year. Amid continued volatility in the global seafood market, this result demonstrates that the shrimp sector has maintained positive growth momentum, supported by improving demand in several Asian markets, particularly China.

Ca Mau mud crab expands official export channels to international markets

 |  09:16 23/06/2026

(seafood.vasep.com.vn) On June 16, the Department of Agriculture and Environment of Ca Mau Province announced that the locality has established a farming area code for nearly 30,400 hectares of mud crab aquaculture and granted export facility codes to five enterprises eligible to export mud crab officially to markets such as China, Cambodia, Singapore, and the United Arab Emirates (UAE).

VASEP - HIỆP HỘI CHẾ BIẾN VÀ XUẤT KHẨU THỦY SẢN VIỆT NAM

Chịu trách nhiệm: Ông Nguyễn Hoài Nam - Phó Tổng thư ký Hiệp hội

Đơn vị vận hành trang tin điện tử: Trung tâm VASEP.PRO

Trưởng Ban Biên tập: Bà Phùng Thị Kim Thu

Giấy phép hoạt động Trang thông tin điện tử tổng hợp số 138/GP-TTĐT, ngày 01/10/2013 của Bộ Thông tin và Truyền thông

Tel: (+84 24) 3.7715055 – (ext.203); email: kimthu@vasep.com.vn

Trụ sở: Số 7 đường Nguyễn Quý Cảnh, Phường An Phú, Quận 2, Tp.Hồ Chí Minh

Tel: (+84) 28.628.10430 - Fax: (+84) 28.628.10437 - Email: vasephcm@vasep.com.vn

VPĐD: số 10, Nguyễn Công Hoan, Ngọc Khánh, Ba Đình, Hà Nội

Tel: (+84 24) 3.7715055 - Fax: (+84 24) 37715084 - Email: vasephn@vasep.com.vn

© Copyright 2020 - Mọi hình thức sao chép phải được sự chấp thuận bằng văn bản của VASEP

DANH MỤC