VASEP General Secretary Truong Dinh Hoe said exports grew by 10 percent last year to 653 million USD.
Despite being affected by the EC yellow card warning for failing to make progress in fighting illegal, unreported and unregulated (IUU) fishing, the country managed to increase exports though the growth rate was lower than in the previous year, he said.
Vietnam exported tuna products to 105 markets last year, with the US, the EU, Israel, ASEAN, Japan, Canada, China, and Mexico being the major ones. The US topped the list with nearly 230 million USD worth of purchases.
Frozen tuna fillet was a key export item to the US last year as shipments of processed tuna increased significantly while those of canned tuna products fell, VASEP said.
Vietnam was the fourth largest supplier of canned and processed tuna products to the US behind Thailand, Ecuador and China, and the second largest supplier of frozen fillet after Indonesia.
Tuna exports to the EU fell by 10.7 percent in the fourth quarter of last year, but thanks to good growth in the first three quarters, exports were still up 11.5 percent from 2017 to 158 million USD.
Similarly, exports to Japan fell by 25.6 percent in the fourth quarter, but overall exports were up by 1.7 percent to nearly 25 million USD.
Frozen fillet was Vietnam’s key export item to Japan.
With their strong fishing capacity, the competitiveness and supply capacity of countries with “thousands of islands” were much higher than that of Vietnam, the association said.
In the canned tuna segment, Thailand, Indonesia, the Philippines, China, and Vietnam were the biggest global suppliers.
Vietnam’s market share fell sharply to just 2 percent while that of Thailand was nearly 61 percent and Indonesia and the Philippines’s was 17 percent each.
Enterprises also imported tuna worth 349 million USD last year, an increase of 31 percent, to process for export.
They imported from 49 countries and territories, with Taiwan (China), the Republic of Korea, China, the US, Indonesia, Papua New Guinea, and Japan being the largest suppliers.
VNS/VNA
(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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