Among Vietnam's exported tuna products, canned tuna exports experienced a decline in November. The export value for this product decreased by 8% year-on-year, which was one of the main reasons for the slower growth of Vietnam's tuna exports toward the end of the year.
In November, exports to key markets such as the EU, Israel, Russia, Japan, and South Korea declined compared to the same period last year. Although exports to the U.S. continued to grow, the growth rate slowed down.
In the EU market, tuna exports to Italy and Germany dropped significantly in November, with decreases of 95% and 39%, respectively, compared to the same period. Conversely, exports to the Netherlands increased slightly, by only 3%.
Similarly, tuna exports to Israel and Russia, after a period of strong growth, plummeted in November. Geopolitical instability in these two markets is impacting Vietnam’s tuna trade.
In the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) market bloc, tuna exports to Japan, which saw consistent high growth in September and October, reversed in November with a 6% decrease. However, thanks to the growth in earlier months, cumulative exports to this market for the first 11 months still increased by 4% year-on-year.
Meanwhile, exports to Canada, which had previously declined, rebounded in November with an 11% year-on-year increase. Alongside Canada, exports to Mexico and Chile continued to show strong growth during the month.
According to enterprises, demand in various markets remains high; however, challenges related to raw materials and export procedures are hindering export activities. Businesses are urging the government to promptly revise regulations on the minimum size of skipjack tuna (50cm) permitted for harvesting under Decree No. 37/2024/NĐ-CP to facilitate export activities in the coming year.
The UK-Vietnam Free Trade Agreement has significantly boosted Vietnamese seafood exports, with shrimp and pangasius leading the charge in the UK market.
(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.
VASEP - HIỆP HỘI CHẾ BIẾN VÀ XUẤT KHẨU THỦY SẢN VIỆT NAM
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