This marks the first investment by Thai Union and its two partners Century Pacific and Frabelle Fishing from the
PNG Prime Minister, Peter O'Neill, says the opening of the Majestic Seafoods plant could create close to 7,000 jobs.
Mr. O’Neill says his government wants to see all fish processed on shore to create jobs and economic benefits for Papua New Guineans.
National Fisheries Authority managing director, Sylvester Pokajam, says PNG’s tuna industry has the potential to become a big player on the global stage.
“We can be number one in the world,” Mr. Pokajam said. “
Better access
Martin Dihm, European Ambassador to PNG, says PNG’s other big advantage in its bid to bring tuna processing onshore is the fact it has better access to Europe than Asian countries, through its Economic Partnership Agreement.
“That allows full free duty free access of all Papua New Guinean goods to the European market,” Mr. Dihm said.
Maintaining standards
Mr. Dihm says the Majestic Seafoods plant will need to maintain environmental and other standards.
“What we have to consider, of course, is we look ... very closely at stock conservation issues and at any labor issues and social issues,” he said.
“We have a regular committee... that is foreseen by the trade agreement where we discuss all these issues together.”
Abundant workforce
Mr. Pokajam says companies won’t have trouble finding workers. “That is why most investment is going into Lae because that is where the workforce is in abundance,” he said.
“The beauty of it is that most of the workforce are females, about 90% are female.” However, Mr. Pokajam thinks the job targets will not be easy to achieve.
“Last year or the year before that I said 5 years but it is going to be more than 5 years,” he said. “I would say 10 years.”
(seafood.vasep.com.vn) Although Germany’s tuna imports have declined, Vietnam’s tuna exports to the market continue to show positive signs. Notably, export value recovered strongly in Q3/2026, and German import data also show Vietnamese products strengthening their position amid competition among suppliers.
(seafood.vasep.com.vn) Seafood exports are holding double-digit growth, but the opportunities are not spread evenly across product groups and markets. As businesses draw up their plans for 2027, Vietnam Seafood Summit 2026 (VSS2026) offers a chance to look ahead together: what to sell, where to sell it, and how to prepare for growth in the coming years.
(seafood.vasep.com.vn) With less than two weeks to go, the Vietnam Seafood Summit 2026 (VSS 2026) will officially take place in Can Tho. Under the theme “Seafood Market Outlook 2027–2029 – Opportunities and Potential for Double-Digit Export Growth,” the Summit is organized by VASEP at a time when seafood businesses are facing rapid market shifts, changing buyer demand, trade policy changes and growing competitive pressure all at once.
(seafood.vasep.com.vn) On October 28, 2026, the China Fisheries & Seafood Expo opened in Qingdao, China. The expo takes place over three days from October 28 to 30, 2026. This is a prestigious specialized seafood exhibition organized annually by Sea Fare Exposition Inc.
(vasep.com.vn) In the first nine months of 2026, Vietnam’s tilapia exports to the CPTPP bloc reached $7 million, marking a 51% year-on-year increase. The bloc rstands as the fourth-largest market for Vietnamese tilapia, trailing Brazil, the US, and Saudi Arabia.
(vasep.com.vn) VASEP has officially announced the program for Vietnam Seafood Summit 2026 (VSS 2026), featuring five in-depth sessions covering industry outlooks, trade barriers, buyer demand, the domestic market, and solutions to improve productivity and reduce costs across the seafood value chain.
(vasep.com.vn) Vietnam’s shrimp exports reached US$3.7 billion in the first nine months of 2026, up 11% year on year. Although growth has been supported by China and several markets within the CPTPP, momentum is slowing as exports to the United States and the European Union decline. Tariff pressures, international competition, and raw material challenges are creating significant hurdles for exporters in the final months of the year.
(vasep.com.vn) Markets are changing faster, buyer requirements are becoming more demanding, and trade barriers are growing increasingly complex. In this environment, seafood businesses need more than an understanding of current market conditions. They need a longer-term perspective to answer a critical question: Where will growth opportunities come from in 2027–2029, and what should businesses do now to prepare? This is one of the key reasons why VASEP is organizing Vietnam Seafood Summit 2026.
(vasep.com.vn) In the first eight months of 2026, Vietnam’s pangasius exports to the Middle East reached US$113 million, up 7% year on year from the same period in 2025. Growth has become more pronounced in recent months. In August alone, exports to the region totaled US$20 million, an increase of 24%. This indicates that demand for Vietnamese pangasius in the Middle East is gradually recovering after a slowdown in March, although the pace of recovery varies across markets.
(vasep.com.vn) China’s shrimp imports continued to grow strongly in 2026, while Vietnam’s shrimp exports to the market also recorded notable growth. However, behind these positive figures lie two distinct trends: Chinese consumption is growing more slowly than imports, and lobster accounts for a substantial share of Vietnam’s shrimp exports to China, making its product mix significantly different from those of Ecuador and India. Exporters therefore need to assess each segment carefully to understand the opportunities and risks.
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