In 2018, the US increased the import of fresh, frozen and dried tuna products from Vietnam. Frozen fillets/loin tuna were the main export products from Vietnam to the US in 2018, accounting for 63%. During this period, the export of canned tuna to the US continued to decline. Meanwhile, exporting other processed tuna products went up.
Imported canned tuna to the U.S is increasing. Including canned tuna from the three largest suppliers, Thailand, Ecuador and China, Vietnam is currently the 4th largest canned tuna supplier to the US market, out of 37 countries exporting this product line.
The trend of products made from tuna to the US continues to increase. China supplied the largest share of this product line to the US market. According to statistics from the US National Oceanic and Atmospheric Administration (NOAA), the average FOB price of this product imported to the US increased by 11% over the same period last year, but the products of tuna family still have a lower price than skipjack.
Import tax has increased from 4% to 10% for products imported from China. Meanwhile, Import taxes from other countries remain at 4% lower than 12.5% of traditional skipjack tuna, yellowfin tuna, or longfin tuna. This is creating an unfair competition for traditional canned tuna products.
In the market segment of frozen fillet/loin tuna, export from Vietnam continued to increase. Currently, Indonesia and Vietnam continue to be the largest tuna suppliers to the US market, with the proportion of 38% and 36% respectively. In the first 10 months of 2018, the average price of frozen tuna fillet/loin in the US ranged from US$ 11-12/kg, the price of imports from Indonesia also fluctuated in this range. Meanwhile, Vietnam's price of frozen filet/loin tuna ranged from US$ 9.96 to US$ 11 /kg.
(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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