Greater opportunities for Vietnam’s tuna industry as the UK joins CPTPP

News 09:01 25/03/2025
(seafood.vasep.com.vn) After three years of implementation, the UK-Vietnam Free Trade Agreement (UKVFTA) has yielded positive results for Vietnam’s tuna exports. The United Kingdom officially became a member of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) on December 15, 2024. This is expected to bring significant benefits for seafood enterprises, particularly in terms of tariffs and intra-bloc origin regulations - especially for tuna products.

Strong demand for tuna in the UK

According to the UK Committee on Toxicity of Chemicals in Food, Consumer Products, and the Environment (COT), the average seafood consumption per capita in the UK is approximately 217 grams per person per week. Among this, fatty fish (excluding canned tuna) accounts for about one-quarter, equating to over 50 grams per person per week. Notably, changes in consumer behavior following the COVID-19 pandemic have led to increased demand for processed and canned food products due to their convenience.

In 2024, tuna ranked as the third highest-selling seafood in UK retail markets, following salmon and cod. In the UK, tuna is primarily consumed in quick meals such as sandwiches and travel-friendly meals. According to data from Seafish, tuna accounts for 69% of all canned seafood choices among British consumers. Moreover, given the versatility of fatty fish in various culinary applications, other processed tuna products - such as salads, tuna-based sauces, and sandwiches - are also highly favored. Similar to other European markets, UK consumers are increasingly focused not only on the origin and quality of seafood but also on labor standards, environmental impact, and the sustainability of supply chains. Additionally, fundamental factors such as pricing, processing methods, meal compatibility, and usage settings remain key considerations.

In the tuna sector, the largest suppliers to the UK currently include Ecuador (accounting for approximately 29% of total imports), Mauritius (over 13%), Seychelles (11%), Ghana (10%), and Spain (nearly 6%). Meanwhile, several Southeast Asian suppliers hold smaller market shares but still rank among the top 15 tuna exporters to the UK, including the Philippines (7%), Indonesia (2%), Thailand (6%), and Vietnam (1.4%).

Vietnam’s tuna industry needs momentum to boost exports to the UK

Vietnam Customs data shows that Vietnam’s tuna exports to the UK have maintained continuous growth since the implementation of the CPTPP. Export value increased from $5.1 million in 2021 to nearly $7.9 million in 2024, marking a 54% rise. Entering 2025, the UK remains one of the few markets where Vietnam’s tuna exports continue to grow, with a 24% increase year-on-year.

The CPTPP and UKVFTA agreements have created substantial growth momentum for bilateral trade while opening new development opportunities for Vietnam’s tuna industry, particularly as key export markets face declines due to geopolitical tensions and global economic challenges.

A key change in tariff regulations under the CPTPP is the gradual reduction of tariffs on Vietnam’s processed and canned tuna exports to the UK from 20% to 0% over seven years. Meanwhile, under the UKVFTA, these products currently benefit from a 0% tariff only within a quota of 11,500 tons. In the long run, leveraging tariff preferences from these agreements will provide a competitive advantage for Vietnamese tuna exports in the UK market.

According to industry experts, both the CPTPP and UKVFTA are next-generation free trade agreements that require exporting countries and enterprises to enhance their internal capacities. The most significant advantage of the CPTPP is its rules of origin, which allow greater flexibility for exporters. Following the UK's accession, five other economies have formally applied to join the CPTPP: China, Taiwan (September 2021), Ecuador (January 2022), Costa Rica (August 2022), and Uruguay (December 2022). Among them, Ecuador and China are formidable competitors to Vietnam’s tuna industry. Therefore, Vietnamese enterprises must act swiftly to seize the early mover advantage and capture market share. Additionally, securing a stable domestic tuna supply will be a decisive factor in enhancing Vietnam’s competitiveness in this market.

However, to achieve this, the tuna industry requires further incentives to accelerate growth. Specifically, for fishermen, it is crucial to ensure that, alongside compliance with legal regulations - including IUU fishing rules - they are motivated to expand offshore fishing operations and reinvest in their fleets. Moreover, fishermen must be able to harvest and sell raw materials under normal market conditions. As for businesses, efforts should continue to improve the business environment and simplify administrative procedures.

TOP 15 TUNA SUPPLIERS TO THE UK, 2023 - 2024

(Unit: USD thousand, Source: ITC)

Exporters

2023

2024

Change (%)

Total

501.117

581.112

16

Ecuador

144.258

168.409

17

Mauritius

76.037

75.286

-1

Seychelles

55.497

64.687

17

Ghana

50.743

55.343

9

Philippines

26.333

40.505

54

Thailand

18.492

34.062

84

Spain

29.95

33.43

12

Peru

21.719

30.925

42

Maldives

22.581

21.337

-6

Korea

12.866

13.805

7

Indonesia

11.661

12.922

11

Portugal

6.287

9.981

59

Vietnam

6.316

8.056

28

Japan

1.574

2.273

44

tuna vietnam uk cptpp tariffs demand export

TIN MỚI CẬP NHẬT

In the first six months of the year, Ha Tinh province earned over 1.2 trillion VND from seafood exploitation

 |  14:55 28/07/2026

(seafood.vasep.com.vn) Fishermen in Ha Tinh are gradually overcoming difficulties to maintain the efficiency of seafood exploitation. In the first six months of 2026, the entire province achieved a production of more than 23,000 tons of seafood, worth more than 1,200 billion VND.

Tuna exports in the first half of 2026: One month of strong growth is not enough to ease mounting pressure

 |  08:35 26/07/2026

(seafood.vasep.com.vn) June 2026 brought encouraging signs for Vietnam's tuna exports, with export value rising 20% year-on-year to nearly USD 72 million. However, this increase has yet to offset the prolonged slowdown seen in key markets such as the European Union (EU), where import demand remains weak. The outlook for the second half of the year is expected to become more challenging as freight rates continue to climb.

Vietfish 2026 Domestic B2B Program: connecting supply and demand to bring high-quality Vietnamese seafood closer to local consumers

 |  15:24 24/07/2026

(vasep.com.vn) As part of the Vietnam Fisheries International Exhibition (Vietfish 2026), the Vietnam Association of Seafood Exporters and Producers (VASEP), in collaboration with the Agency for Domestic Market Management and Development under the Ministry of Industry and Trade, will organize the Domestic Seafood Supply–Demand Matching Program on the morning of August 20, 2026, at the Saigon Exhibition and Convention Center (SECC), Ho Chi Minh City. The program aims to foster direct business connections between Vietnamese seafood producers and processors and domestic distributors, retailers, and foodservice channels.

Vietfish 2026 Cooking Show: Telling the story of Vietnamese seafood through culinary experiences

 |  15:15 24/07/2026

(seafood.vasep.com.vn) The Cooking Show will be one of the most engaging experiential highlights of Vietfish 2026. Taking place over three days, from August 19–21, 2026, at Hall B1, SECC, Ho Chi Minh City, the event will offer visitors a vibrant culinary space where Vietnamese seafood is showcased through its flavors, stories, and real-life culinary applications.

Vietnam's pangasius exports reach USD 1.1 billion in the first half of 2026

 |  08:16 23/07/2026

(seafood.vasep.com.vn) Vietnam's pangasius exports reached USD 205 million in June 2026, up 5% compared with the same month in 2025. Cumulative export value for the first six months of the year totaled USD 1.1 billion, an increase of 12% year-on-year. Growth was primarily driven by strong demand from China and CPTPP markets, while exports to the United States and Brazil continued to decline.

Strengthen control over fishing vessels and trace the origin of harvested seafood.

 |  09:34 21/07/2026

(seafood.vasep.com.vn) In the first six months of 2026, Ha Tinh province continued to implement comprehensive solutions to combat IUU fishing; strictly manage the fishing fleet, control fishing vessels entering and leaving ports, operate vessel tracking devices, trace the origin of seafood, and severely punish violations.

Tilapia Exports Surge but Begin to Slow in June

 |  14:45 20/07/2026

(seafood.vasep.com.vn) Vietnam's tilapia exports reached USD 7 million in June 2026, down 32% compared with the same month in 2025. Nevertheless, thanks to strong growth in the first five months of the year, cumulative tilapia exports in the first half of 2026 totaled USD 69 million, up 67% year on year.

Sa Giang Honored with "Famous Brand - Competitive Vietnamese Brand 2026" Certification

 |  14:48 18/07/2026

(seafood.vasep.com.vn) Sa Giang Import-Export Joint Stock Company, a member of the Vietnam Association of Seafood Exporters and Producers (VASEP), has been honored with the "Famous Brand - Competitive Vietnamese Brand 2026" certification at an award ceremony organized by the Vietnam Intellectual Property Association (VIPA).

China has become the largest importer of Vietnamese seafood.

 |  12:47 17/07/2026

(seafood.vasep.com.vn) China imported nearly $1.4 billion worth of Vietnamese seafood in the first half of the year, a 40% increase compared to the same period last year, surpassing the US to become the largest export market for the industry.

International Seafood Hosted Buyer Program at Vietfish 2026: Connecting Global Buyers with Vietnam's Value-Added Seafood Supply Hub

 |  17:35 16/07/2026

(seafood.vasep.com.vn) As part of Vietfish 2026, the International Seafood Hosted Buyer Program has been designed as a dedicated B2B matchmaking initiative for selected international buyers. The program provides opportunities to meet directly with Vietnamese seafood companies, gain market insights, and experience Vietnam's seafood supply chain firsthand.

VASEP - HIỆP HỘI CHẾ BIẾN VÀ XUẤT KHẨU THỦY SẢN VIỆT NAM

Chịu trách nhiệm: Ông Nguyễn Hoài Nam - Phó Tổng thư ký Hiệp hội

Đơn vị vận hành trang tin điện tử: Trung tâm VASEP.PRO

Trưởng Ban Biên tập: Bà Phùng Thị Kim Thu

Giấy phép hoạt động Trang thông tin điện tử tổng hợp số 138/GP-TTĐT, ngày 01/10/2013 của Bộ Thông tin và Truyền thông

Tel: (+84 24) 3.7715055 – (ext.203); email: kimthu@vasep.com.vn

Trụ sở: Số 7 đường Nguyễn Quý Cảnh, Phường An Phú, Quận 2, Tp.Hồ Chí Minh

Tel: (+84) 28.628.10430 - Fax: (+84) 28.628.10437 - Email: vasephcm@vasep.com.vn

VPĐD: số 10, Nguyễn Công Hoan, Ngọc Khánh, Ba Đình, Hà Nội

Tel: (+84 24) 3.7715055 - Fax: (+84 24) 37715084 - Email: vasephn@vasep.com.vn

© Copyright 2020 - Mọi hình thức sao chép phải được sự chấp thuận bằng văn bản của VASEP

DANH MỤC