Cumulatively in the first 8 months of 2021, Vietnam's tuna export value to China reached US$3.6 million, up 63% over the same period. From the end of May 2021, Zhanjiang - one of the major transshipment hubs in China has announced to suspend the import of frozen food from major seafood producing countries including India, Vietnam and Thailand. , along with 8 other Asian countries from June 20 to July 15, 2021. In addition, the outbreak of the fourth Covid-19 wave in Vietnam from the end of July has caused Vietnam's tuna exports to this market to tend to slow down from the beginning of the third quarter.
According to statistics of Vietnam Customs, China is increasing imports of frozen tuna meat/fillets with HS code 0304 and canned tuna from Vietnam. Among the tuna products exported from Vietnam to this market, frozen tuna meat/fillets with HS code 0304 accounted for 66% of the total export value, followed by canned tuna with 19%.
China imports a lot of tuna species, in which frozen whole skipjack tuna , purchased by tuna loin factories, accounts for the largest proportion. The majority of this tuna loin is exported to EU canning plants under an annual autonomous tariff quota (0%). Canned skipjack or other tuna products came in second, followed by frozen skipjack steaks, including mackerel.
In 2020, due to the impact of the Covid-19 pandemic, China's domestic demand for preserved products increased. The country's canned tuna imports increased by 71% compared to 2019, reaching 7,320 tons. However, entering 2021, experts expect canned tuna imports of this country to decrease, but will still be higher than 2019. In the first half of 2021, China's canned tuna imports only reached 2,218 tons. .
In addition, Chinese consumers continue to worry about corona virus infection from imported seafood. Therefore, this country increases domestic seafood consumption and will raise trade barriers in the near future. Even the control of Covid-19 through border gates and import ports will be tightened. Exports of frozen seafood products, including tuna, from Vietnam to this market are likely to slow down.
Currently, there are more than 23 Vietnamese tuna processing and exporting enterprises participating in exporting to the Chinese market.
(seafood.vasep.com.vn) On the evening of December 24, 2024, in Hanoi, the Central Youth Union, Viet nam Youth Federation and the Vietnam Young Entrepreneurs Association held the Vietnam Golden Star Award Ceremony 2024, with the theme "Reaching Vietnam", honoring 200 outstanding enterprises. Deputy Prime Minister Nguyen Hoa Binh attended.
(seafood.vasep.com.vn) In the first ten months of 2024, 448 Vietnamese companies were involved in exporting pangasius to international markets. Vinh Hoan remains the top exporter, holding a 14% share of Vietnam's total pangasius export value.
(seafood.vasep.com.vn) Vietnam's seafood sector is making impressive strides as it nears the end of the year. Aquaculture has maintained steady growth, while fishing activities have recovered thanks to favorable weather conditions.
(seafood.vasep.com.vn) To ensure sustainable shrimp farming and environmental protection, Soc Trang Province emphasizes raising awareness and improving the capacity of shrimp farmers through various forms of communication and by developing and replicating effective models.
(seafood.vasep.com.vn) To achieve the goal of making the province a national hub for high-quality shrimp post-larvae production and producing 50 billion shrimp post-larvae by 2025, Ninh Thuan has focused on implementing a comprehensive set of measures.
(seafood.vasep.com.vn) The seafood processing company Kyokuyo has just opened a seafood processing plant in Vietnam to reduce its reliance on China. In Japan, Kyokuyo ranks as the third-largest seafood producer, following Maruha Nichiro and Nissui.
(seafood.vasep.com.vn) Vietnam's total fishery production in the first 10 months of 2024 is estimated at 7,889.8 thousand tons, a 2.5% increase compared to the same period last year. Aquaculture contributed approximately 4,612.5 thousand tons, while capture fisheries accounted for 3,277.3 thousand tons.
(seafood.vasep.com.vn) Ms. To Thi Tuong Lan, Deputy Secretary General of the Vietnam Association of Seafood Exporters and Producers (VASEP), forecasts that pangasius export turnover could reach the target of USD2 billion in 2024. However, the industry will still face numerous challenges in the coming year.
(seafood.vasep.com.vn) Vinh Hoan Corporation has recently announced its business results for October, reporting over VND 1,200 billion in revenue, a 60% increase compared to the same period last year.
(seafood.vasep.com.vn) According to statistics from Vietnam Customs, Vietnam's tuna exports in October reached nearly $93 million, marking a 22% increase compared to the same period in 2023. In the first ten months of 2024, the total export value exceeded $821 million, up 18% compared to the same period last year.
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