Among the various exported tuna products, frozen tuna meat/loin under HS code 0304 consistently holds the highest proportion. These products include frozen tuna loin, tuna steak, and tuna saku.
Vietnam's frozen tuna meat/loin products have been exported to over 70 markets worldwide, with the United States, the European Union, Russia, Canada, and Israel being the top five import markets. Exports of frozen tuna meat/loin from Vietnam to all five of these markets have seen an increase compared to the same period last year.
Exports of frozen tuna meat/loin to the US have experienced continuous growth since the beginning of the year, peaking in August at more than $23 million. Accumulated in the first eight months of 2024, exports to this market reached $137 million, up 15% compared to the same period in 2023. However, the growth rate of exports to this market is slowing down towards the end of the year.
Exports to the EU in the first eight months of 2024 reached $55 million, up 9% compared to the same period in 2023. The Netherlands, Lithuania, and Belgium are the three largest importers of this product group from Vietnam in the EU. Among these markets, the Netherlands stands out, with its imports from Vietnam showing triple-digit growth over several months. Accumulatively, Vietnam's export value of frozen tuna meat/loin to the Netherlands surged by 68%, reaching nearly $18 million in the first eight months of 2024.
According to enterprises, tariff preferences under the EVFTA agreement have been instrumental in driving exports of these products to the EU. However, rising transportation costs due to tensions in the Red Sea region have greatly affected the export of this product group.
A notable development in the first eight months of this year is the significant increase in exports to Russia. As of the end of August 2024, exports of frozen tuna meat/loin to this market have increased by 80%, reaching nearly $18 million. This figure has made Russia the second largest single importer of frozen tuna meat/loin from Vietnam, after the US. With tariff preferences and efficient transportation systems, Russia is emerging as a promising market for Vietnamese tuna during this period.
Over 200,000 ha of Vietnam's shrimp farms are cultivated organically and ecologically, certified by international organizations.
Vĩnh Hoàn Corporation (stock code: VHC – HoSE) has outlined an ambitious business plan for 2025, targeting revenue of VND 13,800 billion (up 10.3% from 2024) and after-tax profit of VND 1,500 billion (up 22.3%). This follows a successful 2024, where the company recorded revenue of VND 12,513 billion (exceeding 109% of the plan) and after-tax profit of VND 1,226 billion (surpassing 123% of the VND 1,000 billion profit target). The 2025 Annual General Meeting of Shareholders is scheduled for April 24 in Ho Chi Minh City to discuss these plans.
Sa Giang Import-Export Corporation continues to assert its position as one of the leading export enterprises in Đồng Tháp, achieving a revenue of thousands of billions of VND from shrimp crackers and rice paper in the past year.
(seafood.vasep.com.vn) After three years of implementation, the UK-Vietnam Free Trade Agreement (UKVFTA) has yielded positive results for Vietnam’s tuna exports. The United Kingdom officially became a member of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) on December 15, 2024. This is expected to bring significant benefits for seafood enterprises, particularly in terms of tariffs and intra-bloc origin regulations - especially for tuna products.
On March 3, Sa Giang and Citek officially launched a comprehensive enterprise digital transformation project using the GROW with SAP solution.
(seafood.vasep.com.vn) According to the Action Plan to implement the growth targets for agriculture, forestry, and aquaculture from the Bình Định Department of Agriculture and Environment, which has just been issued, the goal for 2025 is to achieve an overall GRDP growth rate for the entire sector from 3.6% to 3.8%, with the highest effort to reach a growth rate of 3.8%.
(seafood.vasep.com.vn) The area for Pangasius farming in Dong Thap currently exceeds 1,332 hectares, with over 180 hectares harvested, yielding 81,733 tons of fish. The Pangasius industry has 87% of its production area in line with the planning regulations; most production areas apply technical procedures and standards to meet the market requirements of importing countries.
The UK joining CPTPP not only does not create barriers but also brings many advantages and great opportunities for domestic footwear and seafood businesses.
Deputy Minister of Agriculture and Environment Phùng Đức Tiến talked to Việt Nam News reporter Tố Như about the future development orientation after the ministry officially began operations.
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