According to tuna processing and exporting enterprises, in 2020, due to the impact of the Covid-19 epidemic, Vietnamese captured marine products continued to subject a yellow card warning issued by the European Commission (EC), so tuna exports from Vietnam faced many difficulties.
However, in the first months of 2021, Vietnam's tuna exports is gradually recovering, especially to the US market is very prosperous.
For example, Thinh Hung Co., Ltd., in Suoi Dau industrial zone (Khanh Hoa) said that, in 2020 the company had their export turnover of tuna being only 70% compared before the Covid-19 pandemic.
However, in early 2021, the company received many orders, thereby they have lifted the purchase prices of tuna by 10-20000VND/kg compared to the months of Covid- 19 in 2020.
Mr. Le Buu Quoc, Head of Raw Material Purchasing Department of Thinh Hung Co., Ltd., said that the tuna orders are relatively recovering compared to before the Covid-19 epidemic. In addition to the European market, the company also received many orders for raw tuna to serve supermarkets in the US, Canada ... However, according to Mr. Quoc, although the company promotes the purchase of tuna domestically, they only meet 2/3 of the output for export orders. Facing the above situation, the business has expanded to import raw tuna materials from countries such as Taiwan, China, Indonesia ... In addition, the price of imported raw materials is also equal to the purchase price of domestic raw materials, but 20% higher than that of 2019.
Similarly, T&H Nha Trang Co., Ltd in Dien Khanh district (Khanh Hoa) is also receiving many orders for tuna export from Europe and America. Regarding this issue, Mr. Huynh Dac Tri, Director of T&H Nha Trang Co., Ltd., said that this time is the peak season of Vietnamese tuna exports to Europe and America.
Despite the impact of the Covid-19 epidemic, businesses that have received orders reaching about 70-80% on average compared to the time before the Covid-19 epidemic, which is a positive sign.
Currently, there are 17 enterprises with 24 processing and exporting factories of tuna, concentrated mainly in Khanh Hoa, Binh Dinh and Phu Yen provinces. Currently, Vietnam exports tuna to more than 100 countries around the world.
In 2020, the total export turnover of tuna reached 648 million USD, of which the US market accounted for 40-41%, the Middle East 15%, the EU 14%, the ASEAN region 5%, Japan 4% and the rest are for other countries.
(seafood.vasep.com.vn) The outlook for Vietnam’s seafood exports remains positive, with a strong focus on maintaining growth in key markets like China and the U.S., while diversifying into new regions. As global trade policies continue to evolve, adaptability and strategic planning will be key to navigating the challenges ahead.
(seafood.vasep.com.vn) Thanks to improved pangasius prices and higher production, Vĩnh Hoàn's after-tax profit in Q4 2024 reached VND 440 billion, a 4.8-fold increase compared to the same period last year.
(seafood.vasep.com.vn) According to data from Vietnam’s Customs, in Q4 2024, Vietnam’s pangasius exports to China & Hong Kong reached USD 163 million, a 17% increase compared to the same period in 2023, with consistent growth across all months. The total value of pangasius exports to China & Hong Kong for 2024 reached USD 581 million, a 1% increase over the previous year.
Vietnam’s seafood exports are projected to maintain strong growth this year, potentially reaching 11 billion USD.
(seafood.vasep.com.vn) In the final quarter of 2024, Vietnam’s surimi and fish cake exports showed consistent growth over the last three months. For the entire year 2024, exports of these products reached USD 298 million, down 2% compared to 2023. However, the final quarter saw more promising signs for the surimi and fish cake export sector, with some markets experiencing notable growth, such as Thailand, China, and Taiwan. Particularly, exports to Taiwan, which had seen continuous declines in the previous two quarters, surged by 301% in this quarter.
(seafood.vasep.com.vn) Another year of pride for Vietnam's pangasius exports has concluded, reaching over USD 2 billion and contributing 20% to Vietnam's total seafood export turnover.
Vietnam maintained its position as the fifth-largest seafood exporter to Singapore for 12 consecutive months, surpassing Japan for the first time in 2024, amid the intensifying competition in this market.
(seafood.vasep.com.vn) Despite facing numerous challenges in the second half of the year, Vietnam's canned tuna exports concluded 2024 with a 17% increase compared to 2023, reaching USD 299 million. To maintain this growth momentum in 2025, the canned tuna production and export sector requires coordinated efforts from all stakeholders.
SSI forecasts a 28% year-on-year increase in after-tax profit attributable to the parent company of Vinh Hoan Corporation (VHC), driven by a gradual improvement in average selling prices from USD 3.15/kg in 2024 to USD 3.30/kg (+5%) in 2025. An Giang Fisheries Import-Export Joint Stock Company (ANV)'s after-tax profit attributable to the parent company is projected to rebound by 104%.
In 2025, the Mekong Delta province of Bac Lieu aims to earn 1.2 billion USD from exporting shrimp, one of the key export products that accounts for over 95% of its total export value.
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