Vietnam’s tuna exports to South Korea hit record high in June 2024

With this result, the cumulative tuna exports to South Korea in the first 6 months of 2024 reached more than $14 million, a 144% increase compared to the same period. South Korea has become one of the 10 individual import markets for Vietnamese tuna. According to Vietnam Customs statistics, in the first 6 months of this year, 15 enterprises are participating in tuna exports to this market. Leading them are Nha Trang Bay, Yueh Chyang Canned Food, and Trinity Vietnam, accounting for 86% of the total export value in the first half of 2024. With a population of more than 51 million people, South Korea is currently a potential market for Vietnamese tuna exporters with a high growth trend from last year. The Vietnam - Korea Free Trade Agreement (VKFTA), which took effect in December 2015, has provided a foundation to promote stronger and more effective economic, trade, and investment cooperation between the two countries. The two countries are participating in the Regional Comprehensive ...