Vietnam’s tra fish export is expected to hit $2 billion this year, the Vietnam News Agency quoted the Ministry of Agriculture and Rural Development (MARD) as reporting.

As of October 15, total export revenue of tra fish reached $1.56 billion, up 8.9% compared to the same period last year, the MARD reported at a conference held in the Mekong Delta’s Dong Thap province on November 17 to review the industry in 2024 and discuss 2025 tasks.

The total tra fish farming area is estimated at 5,370 ha in 2024, with an expected output of 1.67 million tons.

Addressing the event, Deputy General Secretary of the Vietnam Association of Seafood Exporters and Producers To Thi Tuong Lan said limited supply of raw materials that may extend to the first quarter of 2025 could present an opportunity for businesses to improve export prices during the year-end peak season.

She said robust signs for the industry include a reduction in inventory in key markets, the US’s economic recovery, and growth opportunities in traditional and smaller markets.

Deputy bMinister of Agriculture and Rural Development Phung Duc Tien urged ministries, sectors, and localities to develop industrial-scale farming with a focus on biosafety, tight control over antibiotic use, green production, the formation of a supply chain, and the development of potential markets.

Source: VnEconomy