According to statistics from Vietnam Customs, the export value of Vietnamese tuna to Italy has been declining continuously month by month since June. Export turnover decreased from USD 6 million in June to just over USD 281,000 in November 2024, and is lower than the same period in 2023.
Currently, Italy is reducing imports of processed and canned tuna products from Vietnam compared to the same period. Among these, exports of frozen steamed tuna loin (HS code 16) have decreased the most sharply, by 50% compared to the same period. Canned tuna products have decreased by 16%.
According to businesses, the EU-Vietnam Free Trade Agreement (EVFTA), which officially came into effect, created opportunities for Vietnamese tuna products to penetrate the Italian market more deeply. Benefiting from the agreement, Vietnamese businesses have an advantage due to reduced tariffs and expanded export opportunities to this market. In addition, favorable geographical location, competitive labor costs, and extensive participation in the global value chain are important factors consolidating Vietnam's role and position in the Italian market.
Tuna industry faces difficulties right from the "input" stage
However, since Decree No. 37/2024/ND-CP, effective from May 19, 2024, came into effect, it has caused a shortage of domestic skipjack tuna supply, affecting businesses' export activities to various markets.
Moreover, with less than one month left until the 2025 Lunar New Year, according to information from local fisheries sub-departments, many tuna fishing vessels in key provinces are still docked, with no clear date for returning to sea.
According to feedback from fishermen, while previously wholesalers purchased skipjack tuna at VND 30,000/kg, they are currently only buying at VND 17,000-19,000/kg. With this purchase price, if they do not lose money on fuel, they will lose money on labor costs, so ship owners have decided to keep their vessels docked.
According to the regulations in Decree No. 37/2024/ND-CP, the smallest permissible length for harvested skipjack tuna is 50cm. However, the output harvested by fishermen is mainly tuna under 2kg/fish and with a size of 30cm or less. Meanwhile, the output of fish that can meet the minimum size specified in Decree 37 accounts for only about 10%, leading to harvested fish not meeting the standards, so businesses do not purchase them.
This situation is causing difficulties for fishermen and will also cause businesses to lack a supply of raw materials with purely Vietnamese origin to enjoy tariff preferences under the EVFTA agreement. Therefore, it is expected that exports of frozen steamed tuna loin and canned tuna from Vietnam, not only to Italy but also to other markets in the first months of 2025, will hardly be able to maintain growth.
(vasep.com.vn) Vietnam’s tuna exports sustained their upward trajectory in August 2026, though the pace remained modest at just 2%. The month saw divergent trends across key markets: the US maintained its leading position, Japan and Canada improved, Russia surged and the EU continued to experience a steep downturn. These developments suggest that exporters are entering the final months of the year amid a market environment marked by greater uncertainty.
(vasep.com.vn) Vietnam’s shrimp exports reached $3.3 billion in the first eight months of 2026, up 12% year on year. However, growth momentum is moderating and market divergece is becoming more pronounced, while the US and EU continue to present significant challenges. The latest insights from the Global shrimp forum 2026 (GSF 2026), held in early September, also indicate that the final months of the year will remain highly competitive as global supply continues to expand and buyers place greater emphasis on quality, product specifications, supply consistency and the ability to meet market-specific demand.
(vasep.com.vn) Vietnam’s pangasius exports continued to grow in August 2026, bringing total export value in the first eight months of the year to US$1.5 billion, up 10% year-on-year. August exports alone reached US$205 million, up 6%. However, market performance has become increasingly divergent, with China and Brazil posting positive growth while the U.S. continued to record a sharp decline.
(vasep.com.vn) Vietnam’s seafood exports reached US$1.14 billion in August 2026, up 6.4% year on year, bringing the total for the first eight months to more than US$8.0 billion, an increase of 11.9%. Monthly export value remained above US$1 billion, but August growth was only around half the rate recorded cumulatively through the first eight months. This indicates that the eight-month result was supported significantly by stronger performance in earlier months, while market conditions are entering a less predictable period.
(seafood.vasep.com.vn) Pangasius is attracting growing interest from Japanese seafood companies as prices of many traditional whitefish species remain high and supply becomes increasingly volatile. Notably, seafood group Kyokuyo has recently continued to feature pangasius among its priority products, highlighting its competitive pricing and stable supply.
(seafood.vasep.com.vn) As Vietnam’s tilapia industry searches for new growth opportunities, venturing into brackish-water aquaculture could unlock a formidable competitive moat. Bypassing the volume-and-price bloodbath against established global heavyweights, Vietnam could differentiate itself through high-quality tilapia products tailored to specific farming conditions and value-added market segments.
(seafood.vasep.com.vn) 2026 is rapidly shaping up to be a formidable stress test for Vietnamese pangasius exports to the United States. While exports to alternative markets maintain a resilient growth trajectory, the U.S market has declined significantly. In the first eight months of the year, pangasius exports to the U.S fell by nearly 14% year-on-year, with August alone recording a decline of more than 50%. The trend shows that difficulties in the U.S. market are not driven solely by weak consumer demand, but also by multiple layers of trade barriers that are intensifying simultaneously, particularly additional import tariffs, anti-dumping duties and growing protectionism for the domestic catfish industry.
(vasep.com.vn) Vietnam’s pangasius exports to Japan are showing positive signals in 2026, indicating that the market is opening up greater opportunities for pangasius products, particularly processed and value-added products. In the first seven months of 2026, Vietnam’s pangasius exports to Japan reached US$31 million, up 20% year-on-year. In July alone, export value reached approximately US$5 million, up 30%.
On July 22, 2026, the Government issued Decree No. 292/2026/ND-CP detailing certain articles and providing measures for the organization and implementation of the Law on Foreign Trade Management. The Decree takes effect on September 5, 2026, replacing Decree No. 69/2018/ND-CP.
(vasep.com.vn) Vietnamese pangasius producer Vinh Hoan has won the top prize at the 2026 Seafood Excellence Asia Awards for its Cured Panga Croquette, highlighting the growing potential of value-added pangasius products in international markets.
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