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
It is necessary to develop more detailed and consistent regulations on seafood production for export in line with the implementation of solutions towards sustainable and responsible fishing practices.
(seafood.vasep.com.vn) After increasing to the highest level in 2022, Canada's tuna imports in 2023 dropped to the lowest level in the past 10 years, reaching 35 thousand tons, down 24% over the year. Canada is currently one of the 15 largest tuna import markets in the world.
(seafood.vasep.com.vn) Chile, one of the countries participating in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), has tended to increase tuna imports from Vietnam in the past 3 years. According to statistics from Vietnam Customs, this South American country imported nearly 3 million USD of tuna products from Vietnam in the first 2 months of 2024, an increase of 58% over the same period in 2023.
Economic and social development activities, overexploitation, pollution, diseases, and climate change have adversely affected the ecological environment, leading to a severe decline or the extinction of many precious indigenous aquatic species.
(seafood.vasep.com.vn) The prices of pangasius fingerlings and raw pangasius in ponds fell in March, following steady increases in the first two months of this year.
(seafood.vasep.com.vn) In February 2024, the average export price of Vietnamese pangasius to markets increased by 4%, although the volume decreased by 40% compared to the previous month.
(seafood.vasep.com.vn) There was a 6% decline in Vietnam's pangasius exports to Brazil in February 2024 compared to the same period in 2023, with the total value reaching 6 million USD.
(vasep.com.vn) In the first two months of 2024, Poland—which ranks as Vietnam's fourth-largest EU supplier of tuna—became a noteworthy market. Vietnam's tuna exports value to Poland increased by 786% in comparison to the same period last year, totaling over $2 million USD and contributing about 2% of the country's overall tuna exports revenue.
Regulations on the protection and sustainable development of aquatic resources, Việt Nam's legitimate rights at sea in accordance with international law and the achievements that the country has carved out to remove the European Union’s “yellow card” will be brought closer to local people.
(seafood.vasep.com.vn) According to data from Vietnam Customs, in January 2024, Vietnamese pangasius exports to Germany decreased by 30% compared to last year and reached only nearly 2 million USD.
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