Vietnam: Many factors affecting tuna exports in the last months of the year

Tensions between Israel and Iran escalate, tuna businesses are worried, they may have to stop export orders to the Israeli market in the last months of the year. War escalation concerns In recent years, Israel has always been Vietnam's leading tuna export market after the US and the EU. Therefore, the recent escalation of Israel-Iran tensions is affecting Vietnam's tuna exports to this market. According to statistics from Vietnam Customs, tuna exports to Israel in 2023 increased by 37% compared to the previous year, reaching more than 50 million USD. On July 25, 2023, the Vietnam - Israel Free Trade Agreement (VIFTA) was signed, creating many favorable conditions for Vietnam to promote seafood exports, including tuna to this market. According to Ms. Nguyen Ha, a tuna market expert of the Vietnam Association of Seafood Exporters and Producers (VASEP), by 2024, tuna exports to this market have grown continuously since the beginning of the year. However, in the past 3 months, exports ...