Exports of tuna products increased over the same period
Compared to the same period in 2020, Vietnam's exports of all four groups of tuna products increased. In which, other processed tuna products, mainly frozen steamed tuna loin, increased the most by 44% over the same period.
Export of meat products/tuna fillets accounted for the highest proportion of 47%, reaching US$139 million, up 28% over the same period. Followed by canned tuna products accounted for 27%, reaching $ 78 million, up 2.4%.
In the first three quarters of 2020, the impact of the Covid-19 pandemic caused the demand for canned or bagged tuna in markets to increase rapidly. However, from the fourth quarter of 2020 onwards, the demand for canned tuna slowed down. The reason is that the high inventory of canned tuna in markets has led to lower import demand in markets. As a result, Vietnam's canned tuna export growth has also slowed down.
Meanwhile, vaccination against Covid-19 has been widely conducted in countries and markets have begun to reopen. Food service points, restaurants, etc. have begun to reopen, so the demand for items such as canned raw tuna or frozen tuna in markets tends to increase.
Exports to main markets maintained good growths
Vietnam's tuna products have been exported to 88 markets around the world. Exports to main markets were mostly higher than the same period last year.
In particular, the US and EU are still the dominant markets for Vietnam's tuna exports and continue to have good and stable growth rates.
In the US, expanded vaccination and the government's economic stimulus package have boosted demand for seafood, including tuna. Demand recovered not only in the food service, restaurant, and hotel segments, but also in the retail segment. Vietnam's tuna exports to the US market have grown continuously in the past 3 months. By the end of May, tuna exports to this market reached more than 124 million USD, up 22% over the same period. The US is increasing imports of fresh and frozen tuna from Vietnam, while reducing imports of canned tuna over the same period. High inventory of canned tuna and high transportation costs are affecting Vietnam's exports of this item.
The effect of the EVFTA Agreement continues to promote Vietnam's tuna exports to the EU market. Particularly in May 2021, Vietnam's tuna exports to this market increased by nearly 75% over the same period. Some markets in the EU that have good import growth rates are Italy up 121%, Germany up 18%, Poland up 444%, Romania up 110%, France up 74%...
(seafood.vasep.com.vn) The Report on Vietnam Pangasius Sector 2015–2024, produced and released by the Vietnam Association of Seafood Exporters and Producers (VASEP) in January 2025, is expected to provide enterprises, importers, and government agencies with a comprehensive overview of key developments in Vietnam's pangasius production and export over the past decade. In addition to highlighting achievements, the report identifies existing challenges and analyzes future opportunities and threats for the pangasius industry.
(vasep.com.vn) Overcoming two years of fluctuation in both export markets and domestic production, Vietnam's pangasius industry has demonstrated resilience, adaptability, and a strong determination to seize opportunities and boost exports to various markets. As a result, in 2024, pangasius exports reached USD 2 billion, a 9% increase compared to 2023. This achievement is a source of pride for Vietnam's aquaculture and agriculture sectors.
(seafood.vasep.com) Speaking at a conference to implement the 2025 plan of the Ministry of Agriculture and Rural Development, Prime Minister Pham Minh Chinh urged the agricultural sector to strive for a total export turnover of agricultural, forestry, and fishery products reaching $70 billion by 2025.
With robust production and processing infrastructure, combined with continuous market development efforts, Vietnam’s seafood exports are poised for 10–15% growth in 2025.
In 2025, seafood exports are expected to continue to grow better and could reach 11 billion USD as in 2022. However, this is also the year the seafood industry will face challenges, including increased competition from other countries, trade wars and market barriers...
(seafood.vasep.com.vn) On the afternoon of December 25, at Toan Thinh Conference Center (Soc Trang City), the Soc Trang Fisheries Sub-department, under the Department of Agriculture and Rural Development of Soc Trang, held a conference to review the 2024 aquaculture activities and outline the brackish water shrimp farming plan for 2025. The event was attended by Ms. Quach Thi Thanh Binh, Deputy Director of the Department of Agriculture and Rural Development of Soc Trang.
The Mekong Delta province of Soc Trang aims to achieve export value of over 1.9 billion USD in 2025 by boosting production and processing of key products such as seafood, high-quality rice, fruits, and garments.
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.
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