Spain, Italy, France and the UK were the largest tuna importers in the EU. In particular, Spain's tuna imports accounted for 34% of total EU tuna imports; followed by Italy at 17%, France at 11% and Britain at 10%. Compared to 2017, imports of Spanish and Italian tuna tended to go up, whereas imports to France and Britain went down. With an impressive growth rate, Spain has become the largest tuna import market of Vietnam in the EU.
With the main export product being frozen tuna (HS code 0304), Vietnam is currently the second largest supplier to EU, after Korea. In 2018, exports of this product line to the EU increased 30% compared to 2017. The Netherlands, Italy and Belgium are the 3 largest importers of Vietnamese frozen tuna (HS code 0304) in the EU market.
Exports of frozen tuna loins increased, whereas Vietnamese canned tuna to EU decreased. In addition, other processed tuna products (tuna in oil, frozen tuna flake ...) increased. Specifically, compared to 2017, the export revenue of canned tuna decreased by 14%, while other processed tuna increased by 77%. Vietnam is currently the14th largest processed and canned tuna suppliers to EU.
In 2018, due to the high price of tuna in Malta and the catch in this area fell, causing the supply to be limited. EU countries, therefore, tend to find alternative tuna suppliers from Asian countries like China or Vietnam.
It is expected that this trend will continue in the first months of 2019 due to low capture fisheries production in some EU countries. In addition, the EU still applies duty free quotas for 25,000 tons of pre-cooked tuna fillet/ loins from third countries - those without trade agreements with the EU such as Thailand, Vietnam and China. Therefore, the EU still increase tuna imports from Vietnam, especially in the context of the two sides preparing to officially sign the Vietnam-EU Free Trade Agreement.
(seafood.vasep .com.vn) The return of Donald Trump to the White House for a second term will bring significant impacts on Vietnam, particularly its pangasius export sector. Trump's economic policies, such as raising import tariffs, reducing corporate income taxes, and attracting foreign direct investment (FDI) back to the US, are expected to directly influence various industries in Vietnam.
(seafood.vasep.com.vn) The UAE ranked 16th among importers of Vietnamese shrimp from 2018 to 2022, accounting for approximately 0.5% of Vietnam's total shrimp export value. Annually, Vietnam exported around US$20 million worth of shrimp to this market.
(seafood.vasep.com.vn) The company also announced that its farms are well-prepared and will begin stocking in mid-November when the weather conditions are favorable.
(seafood.vasep.com.vn) To maximize natural advantages and increase the value of local aquatic products, Ca Mau province is promoting the ecological shrimp farming model under mangrove forests. This model not only brings high profits to people thanks to businesses committing to purchasing products at prices 10-20% higher than the market price but also aims for sustainable development and environmental friendliness.
(seafood.vasep.com.vn) The Comprehensive Economic Partnership Agreement (CEPA) between Vietnam and the United Arab Emirates (UAE) was signed after just over a year of negotiations. With high demand for premium seafood in the UAE, particularly for shrimp and tuna products, Vietnam’s tuna industry is expected to gain increased export opportunities and higher product value thanks to the preferential terms of the CEPA.
(seafood.vasep.com.vn) In October 2024, seafood exports from Vietnam are estimated to exceed $1 billion, marking a 28% increase compared to the same period last year. This achievement signifies the first return to the $1 billion milestone in 27 months, since June 2022, providing a significant boost for Vietnamese seafood enterprises.
(seafood.vasep.com.vn) Under the theme "Dong Thap Pangasius: Green Journey - Green Value," the Dong Thap Pangasius Festival 2024 will take place over two days, November 16th and 17th, at Vo Nguyen Giap Square in Hong Ngu City.
(seafood.vasep.com.vn) The Department of Agriculture and Rural Development of Kien Giang has announced a plan to stabilize the biosafety rice-shrimp production area at 117,340 hectares by 2030.
(seafood.vasep.com.vn) According to the Department of Fisheries in Ca Mau, the total aquatic product output in the region is estimated at 536,140 tons as of October 17, achieving 82.23% of the annual plan and marking a 1.74% increase compared to the same period last year. Within this total, shrimp production stands at 208,495 tons, reaching 82.41% of the planned target and showing a 2.23% increase year-over-year.
(seafood.vasep.com.vn) According to data from Vietnam Customs, pangasius exports to Iraq have surged significantly in the first nine months of 2024, marking the highest levels seen in three years. This upward trend has positioned Iraq as a key market for Vietnamese pangasius, even surpassing Iran, traditionally regarded as a gateway for trade between Vietnam and the Middle East.
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