The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) was officially signed in March 2018 by 11 countries, including Vietnam and Chile. Accordingly, Vietnamese tuna products such as frozen tuna meat/fillets with HS code 030487 or processed and canned tuna with HS code 160414 are committed to reducing tax to 0% from the date of entry into force of the agreement. force.
According to statistics of Vietnam Customs, among tuna products exported to Chile, frozen tuna meat/fillets with HS code 0304 is Vietnam's main export product group to this market, accounting for more than 75% of total export value. Followed by canned tuna products. Exports of frozen tuna meat/fillets with HS code 0304 increased, the rest of other products decreased compared to the same period in 2020.
The average price of frozen tuna meat/fillet products from Vietnam with HS code 030487 exported to Chile in the first 6 months of this year fluctuated at $6,526 - $7,166/ton.
The entry into force of the CPTPP Agreement has created a positive effect, promoting Vietnam's tuna exports to this market. However, due to the impact of the pandemic, plus the relatively long geographical distance, in the context of the current high sea freight rates, which reduces the competitiveness of enterprises in terms of price and delivery time, so Vietnam's tuna export turnover to Chile has not been able to break through.
Currently, Vietnam is the fourth largest tuna supplier to Chile after Thailand, Ecuador and China. In general, this year, Chile's tuna imports from other countries are not stable.
Currently, there are 10 Vietnamese enterprises exporting tuna to the Chilean market. In which, Hai Vuong Company Limited (Havuco) is the enterprise with the largest export value to this market, followed by Nha Trang Bay Joint Stock Company (Nha Trang Bay) and Binh Dinh Seafood Joint Stock Company (Bidifisco).
Vietnam raked in over US$200 million from exporting tuna to 86 markets worldwide during the first quarter of the year, representing a rise of 19% against the same period from last year.
Vietnam’s pangasius export to the United Arab Emirates (UAE) reached more than 7 million USD in the first quarter of this year, a rise of 67% against the same period last year. UAE mainly imported frozen fillets from Vietnam.
(seafood.vasep.com.vn) According to data from General Department of Vietnam Customs, the UK imported nearly $3 million worth of pangasius from Vietnam in the first half of March 2024. Cumulative pangasius exports to this market reached $12 million as of March 15, 2024, down 3% from the same period last year.
Total export revenue from agro-forestry-fisheries products in the first three months of this year is estimated at 13.53 billion USD, up 21.8% over the same period last year; and this results in a trade surplus of 3.36 billion USD, a rise of 96.5%, according to the Ministry of Agriculture and Rural Development (MARD).
The southernmost locality is developing shrimp farming models that generate large outputs but are environment-friendly.
(seafood.vasep.com.vn) An Giang province's aquaculture output is predicted to reach 172.3 thousand tons in the first quarter of 2024, up 6.37% (+10.3 thousand tons) from the same time the previous year.
(seafood.vasep.com.vn) According to data from Vietnam Customs, as of March 15, 2024, Vietnam's cephalopod exports reached more than 109 million USD, a slight decrease of 3% compared to the same period in 2023. In the first quarter of this year, Vietnam's cephalopod exports are expected to reach about 136 million USD, down 2% over the same period last year.
(vasep.com.vn) According to statistics from the International Trade Centre (ITC), Portugal is the 6th largest tuna importer in the EU. In 2023, the country's tuna imports from other countries increased by 9% compared to 2022, reaching nearly 241 million USD.
(vasep.com.vn) Vinh Hoan Corporation has just announced supplementary documents for the 2024 Annual General Meeting of Shareholders, scheduled to be held on April 17.
(seafood.vasep.com.vn) Sao Ta Food Joint Stock Company (FIMEX VN) has just announced that in March 2024, finished shrimp output reached 2,000 tons and finished shrimp consumption reached 1,693 tons, an increase of 74%, and 42% over the same period in 2023, respectively.
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