Last year, the central province exported over 8,100 tonnes of ocean tuna, nearly 73 per cent higher than the previous year, bringing in revenues of about US$51.3 million.
In the first month of this year, local fishermen caught over 618 tonnes of ocean tuna, an increase of 54.5 per cent compared to the same period of last year.
Hao said offshore fishing and tuna export had become major contributors to the province’s economic growth, with the catch increasing year after year.
Having seen decent profits accrued from offshore tuna fishing, locals have become more and more confident bout investing and upgrading their vessels for longer fishing trips that also go further out to the sea.
As many as 242 fishing groups have been formed in the locality with the participation of over 800 local vessels with engine capacities ranging from 250HP to 900HP.
”When the fishing vessels work in groups, each vessel can be given timely support including information about fishing grounds and weather conditions, supply of fresh water, food and fuel during long trips,” Hao said.
Nguyen Van Ai, a fisherman from the province’s Phu My District, said that his fishing group had one 99HP, an 800HP and two 450HP vessels. Together, they generated revenues of VND20 billion last year from catching ocean tuna.
Each member in his crew enjoyed an annual income of VND150-160 million, making them high income-earners in the locality, he said.
However, Ai was worried about falling tuna prices. Enterprises were paying VND 60,000 – 70,000 for a kilo of tuna now, just half of the price they offered last year, he said.
Many fishermen had to borrow money from processing enterprises to prepare for their fishing trips, so they were reluctantly selling tuna to the lenders at prices offered by the latter, Ai said.
Pham Van Truong, Vice Chairman of the Hoai Nhon District People’s Committee, said local authorities need to help fishermen assess the quality of tuna and find suitable prices. Until now, fish quality and prices had been decided predominantly by the enterprises with farmers having little say, he noted.
However, Cao Thi Kim Lan, director of the Binh Dinh Fishery Joint Stocks Company, said local tuna prices were low because they were mostly being caught manually in shallow waters, despite assertions by officials that offshore fishing has increased of late.
In coastal
The fisheries sector in the province has several other problems.
Several ports, including the
Furthermore, sedimentation at the estuary is preventing vessels, especially ones with high capacity, from reaching the ports.
According to Hao the province is spending billions of Vietnamese dong each year to dredge the estuary around the ports. The sedimentation also poses difficulties for vessels to find shelter during the storm season.
Phan Trong Ho, director of the provincial agriculture and rural development department, said investors from
To make the sector more attractive to foreign investors and expand fisheries, the province would have to improve its port infrastructure, price management and logistics sector, he emphasised.
(seafood.vasep.com.vn) Nearly US$1.7 billion is the projected gap in 2029 between the baseline scenario and a scenario in which Vietnam’s seafood exports grow by 10% annually, according to calculations by VASEP to be presented at Vietnam Seafood Summit 2026. This gap raises a key question for the entire industry: Which markets, products and supply chain improvements will generate the additional growth?
(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.
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