Tra Fish Exports Targeting Potential Markets

In April, while exports of tra fish to markets such as China – Hong Kong, Brazil, EU, Thailand, etc., grew compared to the same period in 2024, exports to the United States decreased by 15% (reaching 40 million USD). Previously, in March, tra fish exports to the US had also slightly declined after a strong increase in February. This is a sign that countervailing duties have begun to impact tra fish exports to the US market, although in April, taking advantage of the duty suspension period, many tra fish companies rushed to ship goods to this market. The response from Vinh Hoan Joint Stock Company – the largest tra fish exporter to the US – reveals concerns about the impact of countervailing duties. Entering 2025, Vinh Hoan sets an annual revenue target of 13,800 billion dong (a 9.7% increase from 2024) and a parent company after-tax profit of 1,500 billion dong (a 22.3% increase). After the US government announced countervailing duties, Vinh Hoan proposed two scenarios for 2025 ...