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Vietnam's tuna export prospects bright as growth momentum continues

Published Dec 4, 2024

Tridge summary

Vietnam's tuna exports have experienced a significant surge, with the export value surpassing $821 million in October 2024, marking an 18% increase from the previous year. This growth is attributed to the recovery of the industry and a high global demand for tuna. Both traditional and emerging markets are contributing to this growth, with Germany, the Netherlands, and Italy showing a particular preference for Vietnamese canned tuna. The Vietnamese government is supporting this growth through various policies, including free trade agreements and preferential credit funds for investing in processing equipment. The tuna industry is projected to continue its success by 2025, but it is important for it to maintain compliance with international environmental standards and continue focusing on market development, product diversification, and quality improvement.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Vietnam's tuna has strong growth momentum A representative of the Vietnam Association of Seafood Exporters and Processors (VASEP) revealed that as of October 2024, the total export value of tuna exceeded US$821 million, an increase of 18% year-on-year. In October, the export value reached nearly US$93 million, an increase of 22% over the same period in 2023. This result reflects the recovery of the industry after the epidemic and also shows that the global demand for tuna is increasing significantly. Traditional markets such as the United States and the European Union continue to play an important role, and some emerging markets have also achieved remarkable growth. Vietnamese tuna products, especially canned tuna, are popular in Germany, the Netherlands and Countries such as Italy are very competitive. The sales trend of tuna in the world, especially processed and canned tuna products, is increasing. Vietnam quickly seized this opportunity, and canned tuna exports increased by ...
Source: Foodmate
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