The suspension of trade in seafood and agriculture products at some northern border gates with China as a measure against the novel coronavirus (Covid-19) has caused a demand-supply imbalance in the market.

As tra fish export has been on the decline in recent years due to a rise in trade protectionism in large traditional markets such as the US, Vietnamese firms are looking to bring the fish back home.

 Vietnam’s export of tra fish is forecast to reach US$2.06 billion this year, decreasing by 9 per cent year-on-year, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

Vietnam’s shrimp exports continued to shrink over the last 11 months in the face of fierce competition from other major exporters. But it is expected to make its way back next year with the EU-Vietnam trade deal coming into force.

Vietnam’s aquatic export revenue is estimated to reach $778 million in November this year, pushing the total earnings in the first 11 months of 2019 to about $8 billion.

The Vietnam Fisheries International Exhibition (Vietfish) 2019 is scheduled to take place in Ho Chi Minh City from August 29-31, reported the Vietnam Association of Seafood Exporters and Producers (VASEP).