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Vietnam’s tuna exports to US, EU forecast to rise as people stock up amid pandemic
March 26, 2020, 08:47 AM
Vietnam’s canned tuna exports could boom since the EU countries and the US are stocking up amid the COVID-19 epidemic uncertainty.

The outbreak of COVID-19 is causing EU and the US to stock up on canned tuna, and this is likely to increase demand from Việt Nam this year, the Việt Nam Association Seafood Exporters and Producers has said.

VASEP forecast tuna exports to increase by around 15 per cent this year from more than US$719 million last year.

Exports to the US were worth $316 million, up nearly 38 per cent from 2018.

Demand for tuna is rising in the US, especially for canned products, leading to an increase in the country's imports in recent years.

Besides, after the US-China trade war began, importers in the country have been looking for alternative sources of supply, including Việt Nam. Last year Vietnam remained the second largest tuna supplier to the US after Thailand.

But Vietnam’s tuna exports to the EU fell 11 per cent to $140 million due to the bloc’s yellow card.

VNS

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Specialist on Tuna market
Ms Van Ha
Tel: +84 24 37715055 (ext. 216)
Portal of Vietnam Association of Seafood Exporters and Producers (VASEP)
Head office in HCM city: No 7, Nguyen Quy Canh Road, An Phu Ward, District 2, Ho Chi Minh City, Vietnam
Tel: (+84 28) 62810430 / Fax: (+84 28) 62810437 - Email: vasephcmcity@vasep.com.vn
Rep. office in Ha Noi: 10 Nguyen Cong Hoan Street, Ngoc Khanh Ward, Ba Dinh District, Ha Noi City, Vietnam
Tel: (+84 24) 37715055 / 37715318 - Fax: (+84 24) 37715084 - Email: vasephn@vasep.com.vn
In charge of content: Nguyen Hoai Nam (Mr) – Deputy General Secretary of VASEP
Managing Editor: Phung Thi Kim Thu (Ms.) Tel: (+84 24) 37715055 (ext: 203)
Email: kimthu@vasep.com.vn
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