South Korea is currently the world's second largest producer of offshore tuna fishing. South Korean fishing vessels operate mainly in the western and central Pacific Ocean (WCPO). The total output of purse seine fishing vessels of this country reached 278,227 tons, of which about 20% of the output, from 120-130 thousand tons, landed for domestic consumption, 80% of fishing output, about 160 thousand tons exported to other countries, especially Thailand, to produce and process canned tuna. Therefore, the Korean tuna industry satisfies the demand for live/fresh tuna of this country.
Besides, Korea consumes less canned tuna than other Asian countries. The average consumption of canned tuna of Korea is only 1kg/person/year (5 boxes), equivalent to 260 million cans of tuna per year, correspond to US$370 million. Because of these reasons, Korea is not an attractive tuna market for tuna exporting countries.
According to statistics of Vietnam Customs, South Korea is not a big tuna importer of Vietnam, accounting for only 0.3% of Vietnam's total tuna exports. Export of tuna from Vietnam to Korea started from a very low level, at US$88 thousand in 2007. However, after 6 years, tuna exports to this market rose suddenly 8.370%, reaching over US$7.4 million (in 2012 ). In 2012, due to the decrease in the supply of tuna in the world market and the fishing ban in the WCPO area, South Korea increased the import of tuna from other countries, including Vietnam. However, export of tuna from Vietnam to this market decreased, although VKFTA took effect. Export value of Vietnamese tuna to Korea is only under US$2 million.
Vietnam is currently exporting mainly canned processed tuna to Korea, especially canned tuna, accounting for over 80% of the total export value. Vietnam 's fresh and frozen tuna has accessed this market. However, exports these products tends to decrease.
According to VKFTA, some Vietnamese tuna products exported to Korea are committed to reducing tariffs according to the roadmap. Specifically, the import tax imposed on frozen yellowfin tuna and bigeye tuna reduced to 0-5% by January 1, 2016 at the latest. The chilled bigeye tuna maintain the 20% base tax rate before January 1, 2016 and will reduce at least 20% of MNF tax rate applied under the ASEAN-Korea Free Trade Agreement.
Chilled yellowfin tuna gradually was eliminated tariff rate in 3 years from the base rate of 20% and to 0% from 01/01/2018. Particularly, tariff rate applied for canned processed tuna, Vietnam's main export item to Korea, remained at the base tax rate of 20%.
Korea currently imports tuna from over 39 countries around the world. Some leading exporters are China, Taiwan, Papua New Guinea, Thailand, Italy, Japan, France, Spain, Vanuatu, Ghana and Kiribati. Vietnam are the 12 largest tuna supplier for the Korean market. In terms of tariffs, Vietnam has signed an FTA with Korea. However, Vietnamese products still have no advantage over those countries. Vietnamese enterprises can boost export of tuna to this market thanks to geographical advantages. However, Korea is a very strict country in quality product along with the commitment to sustainable development of the tuna industry, this country is increasingly concerned about tuna origin. Therefore, exporters need to pay attention to sources of tuna material and product quality.
(seafood.vasep.com.vn) Seafood exports are holding double-digit growth, but the opportunities are not spread evenly across product groups and markets. As businesses draw up their plans for 2027, Vietnam Seafood Summit 2026 (VSS2026) offers a chance to look ahead together: what to sell, where to sell it, and how to prepare for growth in the coming years.
(seafood.vasep.com.vn) With less than two weeks to go, the Vietnam Seafood Summit 2026 (VSS 2026) will officially take place in Can Tho. Under the theme “Seafood Market Outlook 2027–2029 – Opportunities and Potential for Double-Digit Export Growth,” the Summit is organized by VASEP at a time when seafood businesses are facing rapid market shifts, changing buyer demand, trade policy changes and growing competitive pressure all at once.
(seafood.vasep.com.vn) On October 28, 2026, the China Fisheries & Seafood Expo opened in Qingdao, China. The expo takes place over three days from October 28 to 30, 2026. This is a prestigious specialized seafood exhibition organized annually by Sea Fare Exposition Inc.
(vasep.com.vn) In the first nine months of 2026, Vietnam’s tilapia exports to the CPTPP bloc reached $7 million, marking a 51% year-on-year increase. The bloc rstands as the fourth-largest market for Vietnamese tilapia, trailing Brazil, the US, and Saudi Arabia.
(vasep.com.vn) VASEP has officially announced the program for Vietnam Seafood Summit 2026 (VSS 2026), featuring five in-depth sessions covering industry outlooks, trade barriers, buyer demand, the domestic market, and solutions to improve productivity and reduce costs across the seafood value chain.
(vasep.com.vn) Vietnam’s shrimp exports reached US$3.7 billion in the first nine months of 2026, up 11% year on year. Although growth has been supported by China and several markets within the CPTPP, momentum is slowing as exports to the United States and the European Union decline. Tariff pressures, international competition, and raw material challenges are creating significant hurdles for exporters in the final months of the year.
(vasep.com.vn) Markets are changing faster, buyer requirements are becoming more demanding, and trade barriers are growing increasingly complex. In this environment, seafood businesses need more than an understanding of current market conditions. They need a longer-term perspective to answer a critical question: Where will growth opportunities come from in 2027–2029, and what should businesses do now to prepare? This is one of the key reasons why VASEP is organizing Vietnam Seafood Summit 2026.
(vasep.com.vn) In the first eight months of 2026, Vietnam’s pangasius exports to the Middle East reached US$113 million, up 7% year on year from the same period in 2025. Growth has become more pronounced in recent months. In August alone, exports to the region totaled US$20 million, an increase of 24%. This indicates that demand for Vietnamese pangasius in the Middle East is gradually recovering after a slowdown in March, although the pace of recovery varies across markets.
(vasep.com.vn) China’s shrimp imports continued to grow strongly in 2026, while Vietnam’s shrimp exports to the market also recorded notable growth. However, behind these positive figures lie two distinct trends: Chinese consumption is growing more slowly than imports, and lobster accounts for a substantial share of Vietnam’s shrimp exports to China, making its product mix significantly different from those of Ecuador and India. Exporters therefore need to assess each segment carefully to understand the opportunities and risks.
(vasep.com.vn) Changing markets, shifting buyer demand, and increasingly complex trade barriers are raising a key question for Vietnam’s seafood industry: Where will the new growth opportunities lie in 2027–2029?
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