Outstanding achievement after 10 years:
From 2017 to 2019, tuna exports to the US grew continuously. In 2019 alone, exports to this market skyrocketed 38%. This is due to the impact of the trade war between the US and China, so US importers have turned to Vietnam, which has helped Vietnam increase its market share in the US tuna market in 2019.
Entering 2020, due to the impact of the Covid-19 pandemic, Vietnam's tuna exports declined. However, the US economic recovery after the stressful period of the pandemic boosted Vietnam's tuna exports to the US peak in 2022.
But then, due to general difficulties in the world market such as inflation, decrease in average export prices, and large inventories has caused tuna imports to the US to slow down. Vietnam's tuna exports to this market in the first 7 months of 2023 decreased by 49%, reaching just over 171 million USD. However, this decrease is temporary and will not be a major trend in the near future.
Frozen tuna meat/loin products with code HS0304 are Vietnam's main export products to the US in recent years
Frozen tuna meat/loin products with code HS0304 are Vietnam's main export products to the US in recent years. While Vietnam's exports of these products have grown steadily in recent years, canned tuna exports have had many fluctuations.
Many opportunities will open up in the near future
Among the world's tuna import markets, the US is the second largest importing country after Japan. Tuna is still the third most consumed product in the US. Therefore, the US will continue to be the leading strategic partner of Vietnam's tuna industry.
Bilateral relations between Vietnam and the US have made remarkable progress in both quality and quantity after 28 years of establishing diplomatic relations and 10 years of establishing comprehensive partnership. Over the past 10 years, the growth rate of Vietnam's tuna exports to the US has increased . And the event of upgrading relations to the level of comprehensive strategic partnership between the two countries during US President Joe Biden's visit to Vietnam will create unprecedented opportunities to promote economic and trade cooperation, including trade. Vietnam's tuna trade with the US will have stronger and more sustainable breakthroughs in the coming time.
Compiled by Thuy Linh
In January 2025, Vietnam's shrimp exports to the UK reached over 16 million USD, an 8% increase compared to the same period last year. The UK is the sixth-largest individual market for Vietnam’s shrimp imports, accounting for 5.5% of the total shrimp exports to various markets. Shrimp also holds the largest share (70%) in Vietnam’s total seafood exports to the UK.
Nguyễn Đức Bình, vice director of Quảng Ngãi Province's Department of Agriculture and Rural Development, said that 4,259 out of 5,194 fishing boats (82 per cent) had registered for operations at sea.
(seafood.vasep.com.vn) The first two months of 2025 recorded positive signals in Vietnam's seafood export activities, with total revenue reaching USD 1.423 billion, growing 18.2% compared to the same period in 2024. In February 2025, the export value hit USD 655.197 million, showing an impressive growth of 42.6%.
(seafood.vasep.com.vn) Kiên Giang Province, home to over 13,000 fishing vessels, is intensifying efforts to combat illegal, unreported, and unregulated (IUU) fishing. Faced with challenges from offshore fishing, many vessels have shifted to near-shore fishing using destructive methods, severely damaging marine ecosystems.
(seafood.vasep.com.vn) Vinh Hoan Corporation (HOSE: VHC) continues to solidify its position as the leader in Vietnam's pangasius export industry with impressive business results in 2024 and positive prospects for 2025. Factors supporting growth, such as recovering demand, improved selling prices, and favorable international trade policies, make Vinh Hoan one of the top stocks to watch in investment portfolios for 2025.
Amid global trade uncertainties, Việt Nam is prioritising compliance with international market requirements to maintain and expand its agricultural exports.
On February 26, 2025, VinFast and the Vietnam Association of Seafood Exporters and Producers (VASEP) signed a comprehensive cooperation agreement to strongly promote green transformation goals. The collaboration between the two parties will contribute to the realization of the country’s sustainable development goals and help elevate the Vietnamese brand on the international market.
(seafood.vasep.com.vn) In 2024, the total brackish water shrimp farming area in Ca Mau reached 278,600 hectares, with a shrimp output of 242,000 tons. This output achieved 99.59% of the set target and marked a 4.57% increase compared to the same period last year. The average shrimp yield attained 869 kilograms per hectare per year, representing a 38 kilograms per hectare per year increase compared to 2023. Shrimp export turnover reached USD 1.12 billion, positioning Ca Mau amongst the nation's leading localities in this sector.
(seafood.vasep.com.vn) In 2024, Ben Tre province expanded its high-technology application in aquaculture by an additional 523 hectares, surpassing the planned target of 500 hectares and achieving a fulfillment rate of 104.6%. To date, the province has converted 3,633 hectares to high-tech aquaculture out of the 4,000-hectare goal, representing 90.82% progress towards the 2021-2025 phase plan. This sector yields an average productivity of 60-70 tons per hectare, with a total output reaching 221,282 tons. The average profit margin ranges from VND 700 to 800 million per farming season, delivering substantial economic benefits to the local populace.
(seafood.vasep.com.vn) In 2025 In 2025, Vietnam's brackish water shrimp industry will continue to grow sustainably, enhancing value-added products with strong contributions from local authorities and the business community.
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