Vietnamese tuna appears ideally placed to take advantage of the EU-Vietnam Free Trade Agreement (EVFTA), with shipments rising 0.5 percent year-on-year to 126 million USD during January-November despite COVID-19.
Vietnam’s tuna exports to the Middle East and Africa have seen positive signs since the beginning of the year despite declines in overall seafood exports in the face of COVID-19, First Secretary and Head of the Trade Office at the Vietnamese Embassy in Egypt Nguyen Duy Hung said on October 25.
A workshop was held in the south-central province of Khanh Hoa on October 10 to promote tuna supply chain, and tuna exports to the EU under the EU-Vietnam Free Trade Agreement (EVFTA).
Turnover of Vietnamese tuna exported to the EU has increased in the double digits since the EU-Vietnam Free Trade Agreement (EVFTA) took effect at the beginning of August.
Vietnam’s shrimp and tuna exports to EU markets showed signs of recovery in July and August despite the impact of COVID-19, rising slightly against previous months and the same period last year.
Vietnam’s shrimp and tuna exports to EU markets showed signs of recovery in July and August despite the impact of COVID-19, rising slightly against previous months and the same period last year.
Vietnam recorded a trade deficit of 101.4 million USD with Israel in the first five months of this year due to declines in the export of key commodities and the resumed import of items of high value.
The European Union (EU) will eliminate tariffs on fresh and frozen Vietnamese tuna products, with 11,500 tonnes of canned tuna and 500 tonnes of canned fish balls exempted annually, once a free trade pact the two sides have signed comes into effect possibly in August.
Vietnam has seen an increasing export of canned tuna to a number of key market though adverse effects of the COVID-19 pandemic, according to Vietnam Association of Seafood Exporters and Producers (VASEP).
Expanding international cooperation will be a key to helping the Vietnamese tuna sector to create its brand in the global market, according to insiders.
Last year, Vietnam’s tuna exports exceeded 719 million USD, an increase of 10.2 percent from 2018, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
Vietnam’s tuna exports to Greece increased 104 percent year-on-year to reach nearly 1.8 million USD by the end of July 2019, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
Vietnam’s export of aquatic products in July showed positive signs with an increase of 9 percent year-on-year, particularly with exports of shrimp and other products rising, except for pangasius.
Vietnam gained 13.3 million USD from exporting tuna to Italy in the first half of 2019, a year-on-year surge of 60 percent, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
Vietnam’s export of tuna to China rocketed by 771 percent in the first two months of this year, making the market the fifth largest importer of Vietnamese tuna after the US, the EU, Israel and the ASEAN, said the Vietnam Association of Seafood Exporters and Producers (VASEP).
The export of marine products is expected to rise by 17 percent to 3.5 billion USD this year despite likely hurdles, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
Tuna exports are expected to top 1 billion USD this year, up 350 million USD from last year, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
Vietnam raked in 700 million USD from aquatic exports in January, a year-on-year rise of 15.2 percent, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
Vietnam’s tuna exports are expected to thrive in 2019 as several obstacles regarding origin certification have been removed, said the Vietnam Association of Seafood Exporters and Producers (VASEP).
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