HCM City (VNS/VNA) - Tuna exports are projected to reach 456.8 million USD in the first half of 2024, a year-on-year increase of 20%, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
After decreasing in 2023, exports rose by 22% in the first five months of the year to 388 million USD.
Shipments of canned tuna products, bagged tuna and frozen loin/fillet increased by 44%, 24%, and 7%. Exports of frozen whole tuna nearly tripled.
Exports to most markets increased, with those to the US and the EU, the two largest, rising by 30% and 37% and accounting for 37% and 22% of total exports.
Exports to Israel, Russia and the Republic of Korea rose by 64%, 58% and 66%.
Speaking at the association’s annual general conference in HCM City on June 10, Cao Thị Kim Lan, Director of the Binh Dinh Fisheries Joint Stock Company, said in 2023, Vietnam became the world’s 5th largest exporter of tuna behind Thailand, Ecuador, Spain, and China, rising from the 8th place 10 years ago.
She said a notable milestone was achieved in 2022 when exports of the fish topped 1 billion USD.
She spoke about the potential of the tuna industry. “We have hi-tech tuna processing factories, experienced and skilled labourers and reputable products that are exported to nearly 100 markets.
“With more than 30 years of experience, I believe the Vietnamese tuna industry can grow further if we make efforts to overcome internal challenges and resolve difficulties faced by the industry with support from the Government.”
She said exports could reach 1 billion USD again this year if the raw material shortages are resolved.
She pointed out more than 50% of exports are processed from imported tuna.
Firms have difficulty obtaining statements of catch for raw material at fishing ports (the statement issued by competent authorities to verify raw materials from fishing that do not violate IUU regulations) after finalising the purchase of raw materials, according to Lan.
She listed a number of reasons why they were unable to get the statements, including issues related to safety conditions and catching in illegal waters.
Another issue is that a number of fishing vessels have installed the VNPT electronic monitoring system but regularly encounter technical errors, causing a disconnection between the vessels and the system monitoring fishing activities for six hours or more, even two to three days.
Buyers could not know these issues when they purchase the fish, she said.
She said localities and other competent agencies needed to implement well checking hygiene and food safety conditions of fishing vessels and fishing ports in line with Government regulations.
She said the Ministry of Agriculture and Rural Development should consider amending regulations so that the certificates of raw materials could be issued immediately when loading and unloading are completed from fishing vessels under the supervision of port staff.
"In cases where fishing vessels lose connection due to telecom service providers’ fault, the ministry needs to provide guidance on issuing the certificates to businesses," she said.
She said the ministry needed to establish “a digital input data system connecting fishing ports and the Government. This is basic information for the Government and ministries to issue appropriate directions and policies.”/.
See more
Party Chief receives Vice Chairman of China’s Luxshare-ICT Group
Party General Secretary To Lam affirmed that the Party and State consistently welcome foreign enterprises to invest and succeed in Vietnam, pledging equal treatment for all investors and continued efforts to improve the business environment towards greater fairness, transparency and convenience.
Vietnam, US push forward trade talks, agricultural imports
US Congressman Adrian Smith expressed his belief that Vietnam and the US would soon conclude reciprocal trade negotiations and that the agreement would generate meaningful benefits for bilateral economic and trade cooperation
Vietnam Online Shopping Day – Online Friday 2025 opens
Vietnam Online Shopping Day – Online Friday 2025 is not only the biggest online shopping event of the year, but also spreads the message of smart, responsible and sustainable consumption, contributing to promoting the strong development of Vietnam's digital economy in the new era.
Ethnic woman grows cashew cooperative's international success
With strong support from local authorities, Khui persuaded 165 farming households to adopt organic cultivation practices. The cooperative now oversees a raw material area of 1,000 hectares, establishing a solid foundation for large-scale organic production.
Prudential Vietnam’s CEO: ‘Long-term capital will define Vietnam’s economic momentum’
Cocoa to cash: How two 32-year-olds build a global chocolate dream
The brand has just secured a three-star provincial rating under Vietnam’s “One Commune, One Product” initiative.
PV GAS races toward 2025 targets, aims for strong 2026 growth
Petrovietnam Gas JSC (PV GAS) is making steady progress in the final stretch of 2025, achieving positive production and business results while setting ambitious growth targets for 2026 and the 2026–2030 period.
HCM City to break ground on 1.8-billion-USD Metro Line 2 in early 2026
HCM City plans to break ground on Metro Line 2 in January 2026 after securing new fast-track approvals for the project. The 11-km line is expected to take nearly five years to build and enter service around 2030.
Vietnam sees ample room to expand trade, investment in ASEAN
ASEAN remains a strategic market with substantial potential for Vietnamese businesses, which must strengthen integration capacity, optimise FTA benefits and prepare for new agreements.
“Golden time” for Vietnam to begin low-altitude economy
The low-altitude economy refers to economic activities conducted below 1,000 metres, extendable up to 5,000 metres depending on a country’s demands.
Foreign firms explore investment opportunities in Da Nang
Chu Lai Open Economic Zone is positioned as an engine economic area in southern Da Nang, geared toward industrial development, logistics, modern urbanisation, and tourism.
Vietnam, Laos promote trade, investment cooperation toward 5 bln USD trade target
In the first nine months of 2025, bilateral trade between Vietnam and Laos reached 2.36 billion USD, up 57% year-on-year and the highest level in a decade.
Vietnam, RoK seek new drivers to advance comprehensive cooperation
The RoK is also Vietnam’s largest foreign investor. As of the end of September, Korean investors operated 10,301 valid projects with combined registered capital of 94.2 billion USD, topping both capital value and number of projects among 154 countries and territories investing in Vietnam. Korean enterprises contribute roughly 30% of Vietnam’s total export value.
Vietnam eyes stronger links with Indonesian firms to tap market potential
Vietnamese enterprises could leverage Indonesia as a strategic hub for regional expansion, while Indonesian companies could come to Vietnam to learn production practices and explore investment partnerships, opening up new avenues for economic collaboration, a diplomat said.
High-tech manufacturing boom fuels demand for green IPs in Vietnam
Investors today not only pay attention to rental prices or location but are also seeking industrial parks that provide a comprehensive and environmentally friendly ecosystem.
Hanoi approves investment policy for road linking Gia Binh airport with capital
The 16th Hanoi People’s Council (2021–2026 term) on November 13 adopted a resolution approving the investment policy for the construction of a road connecting Gia Binh International Airport in the neighbouring Bac Ninh province with the capital.
Workshop seeks to boost agro-forestry-aquatic exports to EU
Participants underlined the importance of complying with the EU’s strict standards, stepping up national branding, developing green and clean products aligned with European consumer preferences and, particularly, embedding cultural value and compelling Vietnamese stories in each product.
Vietnam, US continue technical round of negotiations on balanced, fair reciprocal trade agreement
Both sides agreed to maintain close coordination and intensify exchanges among their technical groups to advance negotiations in line with the guidance of senior leaders and the two ministers, with the aim of soon concluding a new framework for bilateral trade cooperation that further deepens the Vietnam-US Comprehensive Strategic Partnership.
Reference exchange rate continues to drop on November 14
The State Bank of Vietnam set the daily reference exchange rate at 25,122 VND/USD on November 14, down 3 VND from the previous day.
HCM City ready to serve as a bridge linking Italy with Vietnam and ASEAN: official
HCM City’s key European trading partners, with bilateral trade reaching nearly 450 million USD in the first half of 2025. Italy ranks 24th among the 129 countries and territories investing in the city, with total registered capital of nearly 135 million USD.