Clearing and developing the pangasius export market in Vietnam

Published 2023년 4월 28일

Tridge summary

The Vietnamese pangasius export industry is facing challenges due to the Covid-19 pandemic, global inflation, and the world's largest pangasius importer, the US, imposing anti-dumping laws. As a result, exports have decreased by 35% in the first quarter of 2023. Despite these challenges, there is potential for growth in the Chinese market if a separate strategy is developed for export quality control. The industry is also facing high input costs and tight credit, leading to negative growth for most pangasius enterprises. However, there are positive growth trends in pangasius exports to the EU, Singapore, and the UK, despite the UK's high inflation rate. The article emphasizes the need for government and stakeholder support to overcome these challenges and achieve growth in the pangasius industry.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Need a separate strategy for pangasius Ms. Tran Thi Van Loan, Chairman of the Board of Directors, Cuu Long An Giang Seafood Company, said that pangasius is an exclusive fish species of Vietnam, which should bring invaluable value. great for the farmer, for the business, and above all for the nation. But so far, we have not made the Vietnamese pangasius show its inherent position. The fluctuations of the world such as the Covid-19 pandemic, the war, as well as the global inflation situation have made Vietnam's pangasius export industry more ups and downs in the past time. In the first quarter of 2023, pangasius exports decreased by 35% compared to the same period last year because of difficulties in the consumption market. According to Ms. Loan, now has overtaken the US to become the world's largest pangasius import market, although it has been completely opened, there has been no sign of a strong recovery. China is an extremely difficult market, the way to use pangasius is ...

Source: Haiquanonline