Currently, the export value of Vietnam's tuna product groups increased over the same period, except for frozen tuna meat/loin code HS0304. Compared to the same period last year, Vietnam's frozen tuna meat/loin exports decreased by 42%, reaching nearly 281 million USD.
In August this year, tuna exports to main markets had many fluctuations. The highlight in August was the growth of the US market after a period of continuous decline. Tuna exports to the US in August increased slightly by 2% over the same period. This growth is due to Vietnam's canned tuna exports increasing by 24% in August. However, the increase is modest, therefore, cumulative tuna exports to the US in the first 8 months of 2023 still dropped by almost 45%, totaling around 208 million USD.
Along with the US, exports to the EU continued to accelerate, with an increase of 37% in August. Notably, in August, tuna exports to Italy increased 45 times over the same period. Along with Italy, tuna exports to Germany and the Netherlands are still increasing, but the growth rate is slowing down.
Tuna exports to other small main markets are also growing well in August, including Thailand and the Philippines.
On the contrary, exports to Israel, after a period of good growth, decreased sharply in August, down 57%. Exports of processed and canned tuna products to this market decreased sharply by 82% over the same period. However, thanks to good growth, cumulatively in the first 8 months of 2023, tuna exports to Israel still increased by 50%.
In August 2023, Vietnam's tuna exports reached more than 87 million USD, down 5% over the same period last year.
In the CPTPP market block, exports to member markets have not yet shown signs of improvement. Exports to Japan, Canada and Mexico all fell sharply in August by 53%, 49% and 14% respectively.
Up to now, Vietnam's tuna exports are gradually narrowing the decrease compared to the same period last year. However, the ability to recover exports to key markets such as the US, Japan or Canada to the level of the same period last year is very difficult. But according to information from businesses, the markets are gradually recovering. Falling prices of raw tuna in the world are boosting importers' demand at the end of the year. Therefore, it is expected that tuna exports in the coming months will return to the same level in 2022.
Compiled by Thuy Linh
In January 2025, Vietnam's shrimp exports to the UK reached over 16 million USD, an 8% increase compared to the same period last year. The UK is the sixth-largest individual market for Vietnam’s shrimp imports, accounting for 5.5% of the total shrimp exports to various markets. Shrimp also holds the largest share (70%) in Vietnam’s total seafood exports to the UK.
Nguyễn Đức Bình, vice director of Quảng Ngãi Province's Department of Agriculture and Rural Development, said that 4,259 out of 5,194 fishing boats (82 per cent) had registered for operations at sea.
(seafood.vasep.com.vn) The first two months of 2025 recorded positive signals in Vietnam's seafood export activities, with total revenue reaching USD 1.423 billion, growing 18.2% compared to the same period in 2024. In February 2025, the export value hit USD 655.197 million, showing an impressive growth of 42.6%.
(seafood.vasep.com.vn) Kiên Giang Province, home to over 13,000 fishing vessels, is intensifying efforts to combat illegal, unreported, and unregulated (IUU) fishing. Faced with challenges from offshore fishing, many vessels have shifted to near-shore fishing using destructive methods, severely damaging marine ecosystems.
(seafood.vasep.com.vn) Vinh Hoan Corporation (HOSE: VHC) continues to solidify its position as the leader in Vietnam's pangasius export industry with impressive business results in 2024 and positive prospects for 2025. Factors supporting growth, such as recovering demand, improved selling prices, and favorable international trade policies, make Vinh Hoan one of the top stocks to watch in investment portfolios for 2025.
Amid global trade uncertainties, Việt Nam is prioritising compliance with international market requirements to maintain and expand its agricultural exports.
On February 26, 2025, VinFast and the Vietnam Association of Seafood Exporters and Producers (VASEP) signed a comprehensive cooperation agreement to strongly promote green transformation goals. The collaboration between the two parties will contribute to the realization of the country’s sustainable development goals and help elevate the Vietnamese brand on the international market.
(seafood.vasep.com.vn) In 2024, the total brackish water shrimp farming area in Ca Mau reached 278,600 hectares, with a shrimp output of 242,000 tons. This output achieved 99.59% of the set target and marked a 4.57% increase compared to the same period last year. The average shrimp yield attained 869 kilograms per hectare per year, representing a 38 kilograms per hectare per year increase compared to 2023. Shrimp export turnover reached USD 1.12 billion, positioning Ca Mau amongst the nation's leading localities in this sector.
(seafood.vasep.com.vn) In 2024, Ben Tre province expanded its high-technology application in aquaculture by an additional 523 hectares, surpassing the planned target of 500 hectares and achieving a fulfillment rate of 104.6%. To date, the province has converted 3,633 hectares to high-tech aquaculture out of the 4,000-hectare goal, representing 90.82% progress towards the 2021-2025 phase plan. This sector yields an average productivity of 60-70 tons per hectare, with a total output reaching 221,282 tons. The average profit margin ranges from VND 700 to 800 million per farming season, delivering substantial economic benefits to the local populace.
(seafood.vasep.com.vn) In 2025 In 2025, Vietnam's brackish water shrimp industry will continue to grow sustainably, enhancing value-added products with strong contributions from local authorities and the business community.
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