In 2020, Vietnam's tuna industry brought an export turnover of 649 million USD, down nearly 10% compared to 2019. In which, the export of canned tuna and other processed tuna accounted for an outstanding proportion (52%) while frozen tuna accounts for 48%.
Tuna export decreased in the first half of the year, of which the strongest decline in the second quarter (-28%), in the third quarter it recovered slightly (up 2.1%) and in the fourth quarter only decreased by 0.5% over the same period of 2019 (reaching 172 million USD), demonstrating the flexibility of tuna exporters in using the opportunity to increase exports of canned and processed products. In product structure, exports of loin tuna and frozen fillets fell sharply (down 25%), mainly due to a decrease in the first 3 quarters of the year (in which the second quarter fell the most with a decline of 50%). The fourth quarter showed more positive signals with a decrease of only 4%. Meanwhile, canned tuna exports increased by 19% and the highest increase in the third quarter (up nearly 50%) and continued to increase 12% in the fourth quarter.
By the end of 2020, Vietnam's cephalopod exports reached $560 million, down 2.6% compared to 2019. Like tuna, cephalopod exports tended to recover in the second half of the year, whereby exports surged 12% in the third quarter and 10% in the fourth quarter reaching $162 million.
Frozen octopus accounted for the highest proportion (38%) with 216 million USD, down 11% mainly due to the deep drop in the first and second quarter (down 35% and 21%), but since the third quarter it has reversed with the increased by 11% and 3% respectively in the last 2 quarters of the year.
Frozen squid accounted for the second largest proportion (27%) with 154 million USD and surged 12% in the fourth quarter after declining in 3 consecutive quarters. Dried squid exports started to recover from the second quarter with a spectacular increase in 3 quarters: up 36% in the second quarter, 50% in the third quarter and 33% in the fourth quarter, bringing in $131 million in revenue in the past year, up 29% compared to 2019. Only processed octopus plummeted 20% to over 30 million USD in 2020 and decreased in the first 3 quarters of the year, then recovered slightly by nearly 4% in the fourth quarter.
In addition to tuna and cephalopod, exports of crab, bivalve mollusks and other marine fish all increased compared to 2019. In which, crab exports reached 182 million USD, up 22%, bivalve mollusk exports increased 12% to 105 million USD, other marine fish (except tuna) recovered slightly by 0.8% to 1.68 billion USD.
(seafood.vasep.com.vn) In November 2024, Vietnam's tuna exports failed to maintain the rapid growth momentum seen earlier. Export value during the month increased by nearly 4% year-on-year, reaching approximately USD 82 million. Cumulatively, the export value for the first 11 months of 2024 totaled USD 903 million, a 17% increase compared to the same period in 2023. However, at this growth rate, the total export turnover for 2024 is estimated to only reach around USD 1 billion.
(seafood.vasep.com.vn) On the evening of December 24, 2024, in Hanoi, the Central Youth Union, Viet nam Youth Federation and the Vietnam Young Entrepreneurs Association held the Vietnam Golden Star Award Ceremony 2024, with the theme "Reaching Vietnam", honoring 200 outstanding enterprises. Deputy Prime Minister Nguyen Hoa Binh attended.
(seafood.vasep.com.vn) In the first ten months of 2024, 448 Vietnamese companies were involved in exporting pangasius to international markets. Vinh Hoan remains the top exporter, holding a 14% share of Vietnam's total pangasius export value.
(seafood.vasep.com.vn) Vietnam's seafood sector is making impressive strides as it nears the end of the year. Aquaculture has maintained steady growth, while fishing activities have recovered thanks to favorable weather conditions.
(seafood.vasep.com.vn) To ensure sustainable shrimp farming and environmental protection, Soc Trang Province emphasizes raising awareness and improving the capacity of shrimp farmers through various forms of communication and by developing and replicating effective models.
(seafood.vasep.com.vn) To achieve the goal of making the province a national hub for high-quality shrimp post-larvae production and producing 50 billion shrimp post-larvae by 2025, Ninh Thuan has focused on implementing a comprehensive set of measures.
(seafood.vasep.com.vn) The seafood processing company Kyokuyo has just opened a seafood processing plant in Vietnam to reduce its reliance on China. In Japan, Kyokuyo ranks as the third-largest seafood producer, following Maruha Nichiro and Nissui.
(seafood.vasep.com.vn) Vietnam's total fishery production in the first 10 months of 2024 is estimated at 7,889.8 thousand tons, a 2.5% increase compared to the same period last year. Aquaculture contributed approximately 4,612.5 thousand tons, while capture fisheries accounted for 3,277.3 thousand tons.
(seafood.vasep.com.vn) Ms. To Thi Tuong Lan, Deputy Secretary General of the Vietnam Association of Seafood Exporters and Producers (VASEP), forecasts that pangasius export turnover could reach the target of USD2 billion in 2024. However, the industry will still face numerous challenges in the coming year.
(seafood.vasep.com.vn) Vinh Hoan Corporation has recently announced its business results for October, reporting over VND 1,200 billion in revenue, a 60% increase compared to the same period last year.
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