Catalyst for growth of Viet Nam’s tuna exports

Update: 17:58 | 14/01/2022
The three-digit growth rate of Viet Nam’s tuna exports to Mexico and Israel is considered a catalyst for a strong increase of over 16 percent of the country’s total tuna export value in 2021.
Catalyst for growth of Vietnam’s tuna exports
Tuna processing. (Photo: VNA)

According to the Vietnam Association of Seafood Exporters and Producers (VASEP), Vietnamese tuna is now available in 140 countries around the world. Export of the product earned the country 757 million USD last year, up 16.6 percent year-on-year.

Notably, tuna sales to Mexico and Israel soared by 143 percent and 201 percent against the previous year, respectively.

The growth is attributed to producers and exporters’ flexible and effective adaptation to the COVID-19 pandemic.

Shipments of most tuna products have increased, except for canned tuna, with tuna loin posting a 41 percent rise and other processed tuna 14 percent.

To further develop the tuna industry, VASEP stresses the need to expand its market share to raise its competitiveness edge.

It took the Australian market as an example. Viet Nam is currently the third largest supplier of tuna for this market, accounting for 1.6 percent of Australia's total tuna import value. Meanwhile, Thailand and Indonesia keep the first and second positions with 73 percent and 23 percent, respectively. While Australia's tuna imports from Viet Nam increased by 209 percent, imports from Thailand decreased by 15 percent and Indonesia rose by 28 percent, according to the International Trade Centre.

Most recently, the central province of Binh Dinh has implemented a project on building tuna fishing, preservation, purchase and export chains, with the support of the Japan International Cooperation Agency (JICA). Thanks to this project, tuna products are quickly frozen and exported by sea, so the quality is guaranteed and profit is higher.

Ministry of Industry and Trade makes effective use of FTAs
Government leaders of Viet Nam, China hold phone talks
Over 2 million poor households access social policy bank loans
Viet Nam’s economic growth forecast to rebound strongly in 2022
Rice pest identification app first piloted in An Giang

(Source: VNA)