By the end of September 2020, Vietnam's exports of fresh, frozen, and dried tuna to this market continued to decline, down nearly 39% over the same period in 2019. Meanwhile, processed and canned exports elevated by nearly 29%. This growth helps the total export value of processed and canned tuna from Vietnam to the US to jump from 36.8% to 55%.
By the end of September 2020, the group of frozen fillets/meat tuna, code HS0304, remained the main export products of Vietnam to the US market. Having said that, the export value of this item has been decreasing compared to the same period in 2019. Currently, the proportion of the item has decreased to 44% of the total value of Vietnam's tuna exports to the US market in the first 9 months of 2020.
In contrast, Vietnam's canned tuna exports to the US market are on the rise. Canned tuna products of Vietnam exports to the US market are mainly canned skipjack tuna meat of all kinds. Compared to the previous quarter, the proportion of canned tuna exports of Vietnam has been increasing, and now this product group accounts for nearly 36% of the total export value of tuna to this market. Along with canned tuna, other Vietnamese processed tuna products exports to the US market has also been increasing.
The average export price of frozen fillets/meat tuna code HS03048700 from Vietnam to the US in the first 9 months of 2020 fluctuated at US$9.3/kg. Meanwhile, the average export price of frozen steamed fillets/ meat tuna code HS16041490 fluctuated at US$7.1/kg.
Currently, since US businesses are gathering up material that was soon depleted during the COVID-19 pandemic, US food and raw materials imports also surged sharply. Along with this trend, imports of processed tuna, such as frozen steamed tuna meat - raw materials for canned tuna production, and canned tuna into the US are also increasing year on year.
According to ITC's statistics, US imports of processed and canned tuna tended to grow steadily each month in the first 8 months of 2020. In particular, processed and canned tuna, the US imported more than 170 thousand MT in the first 8 months of 2020, worth nearly 835 million USD, up 25% in volume and 13% in value over the same period in 2019. This was the highest import volume in the past 5 years.
Thailand, the largest canned tuna supplier to the US market, jumped exports to the US market in the first 8 months of 2020, up 31% year-on-year. Along with Thailand, Vietnam and Indonesia are also increasing exports of canned tuna to this market, with growth rates of 9% and 20% respectively.
Although there is still growth in canned tuna exports to this market, Vietnamese tuna products are difficult to compete with similar products from Indonesia and Mexico, due to higher prices. While the prices of canned tuna products from Indonesia and Mexico tended to decrease, the prices of Vietnamese products tended to lift.
(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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