Vietnam’s tuna exports drop sharply in August

Vietnam earned nearly 49.4 million USD from tuna exports in August, a fall of 19 percent year-on-year, according to the General Department of Vietnam Customs.
Vietnam’s tuna exports drop sharply in August ảnh 1Illustrative image (Source: nongnghiep.vn)
Hanoi (VNA) – Vietnam earned nearly49.4 million USD from tuna exports in August, a fall of 19 percentyear-on-year, according to the General Department of Vietnam Customs.

The country’s export revenue to major markets alsodeclined in the month, such as the US (down nearly 26 percent), the EU (28percent) and member nations of the Comprehensive and Progressive Agreement forTrans-Pacific (CPTPP) (4.3 percent).

Of the EU and CPTPP markets, only Spain and Mexicosaw rises in Vietnam’s tuna exports, the department said.

The Vietnam Association of Seafood Exporters andProducers (VASEP) said the result had been forecast as many cities andprovinces, especially those in the southern region, have met difficulties inproduction and processing due to the imposition of social distancing measures giventhe spread of COVID-19.

Domestic firms have yet to recover their operationsalthough there are opportunities to export to the US and the EU in the remainingmonths of the year.

Between January and August, Vietnam’s tuna exportsstill grew nearly 13 percent year-on-year to reach nearly 470 million USDthanks to the growth in the first months of the year and sound instructions ofthe Ministry of Agriculture and Rural Development.

The country exported 15,870 tonnes of tuna worth73.33 million USD to the EU in the first half of 2021, up 39.3 percent and 31.6percent, respectively, against the same period last year, according to ajournal published by the Ministry of Industry and Trade (MoIT).

The tuna shipments accounted for about 15.1 percentof Vietnam’s total seafood export value to the EU.

In the second quarter of 2021, the country shipped9,360 tonnes of tuna to this market, raking in 45.05 million USD, up 43.9percent in volume and 59.3 percent in value from the previous quarter.

The surges were attributed to tariff reductionsgranted to Vietnam’s tuna products under the EU-Vietnam Free Trade Agreement(EVFTA), which took effect on August 1, 2020./.


VNA

See more

Illustrative image (Photo: tapchitaichinh.vn)

SMEs urged to embrace ESG to unlock green finance

According to the International Finance Corporation’s 2023 Country Climate and Development Report, businesses with clear ESG strategies attract 20–25% more investment than those without ESG strategies.

Farmers in Thoai Son district, An Giang province, harvest the 2025 Winter-Spring rice crop. (Photo: VNA)

A new symbol of responsible production

Vietnamese agricultural products clearing strict technical and quality barriers to reach Japanese dining tables is no longer a rare feat. However, the recent export of 500 tonnes of Japonica rice by Trung An High-Tech Farming JSC in partnership with Japan’s Murase Group carries special significance.

The US dollar at Vietnamese commercial banks has so far this year increased by about 2.6-3% against the dong. (Photo: VNA)

Dollar appreciates in domestic market due to surge in foreign debt repayment

The State Bank of Vietnam (SBV)’s central exchange rate this week even set a new peak, surpassing 25,000 VND per dollar for the first time. The dollar selling price at commercial banks has also remained close to the ceiling, indicating that pressure on the USD/VND exchange rate has not decreased.

From left to right: US Secretary of Commerce Howard Lutnick, Vietnamese Minister of Industry and Trade Nguyen Hong Dien and Ambassador Jamieson Greer, US Trade Representative. (Photo: VNA)

Vietnam, US conclude third round of bilateral trade talks

The two sides also agreed to convene an online working-level meeting in the coming days to continue resolving outstanding issues and prepare for a virtual ministerial dialogue between Vietnamese Minister of Industry and Trade Nguyen Hong Dien and US Secretary of Commerce Howard Lutnick.

Export hub model opens new pathways for Vietnamese goods in Canada (Photo: VNA)

Model helps boost Vietnamese exports to Canada

In 2024, two-way trade between Vietnam and Canada reached over 11 billion USD, with Vietnam enjoying a trade surplus of nearly 10 billion USD. A key contributor to this success has been Vietnamese-Canadian businesses, notably Renso Foods.

The “Ting Ting Day” Festival opens on June 14 in HCM City (Photo: VNA)

Cashless payment festival launched in HCM City

As of 2024, Vietnam had recorded over 204.5 million bank accounts held by individual customers and 154.1 million bank cards in circulation. Nearly 87% of Vietnamese adults now have bank accounts.