After three straight years of decline, Vietnam’s tuna exports have turned around this year, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
Workers at Hai Nguyen Co in the south central province of Binh Dinh process tuna. (Source: VNA)
HCM City (VNA) – After three straight years of decline, Vietnam’s tuna exports have turned around this year, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
Total earnings in the first eight months were 309.8 million USD, a 2.1 percent rise from last year, it said.
Except in February the value rose every single month.
According to customs, fresh and frozen tuna accounted for 58.3 percent of the exports and the ratio of processed tuna fell to 41.7 percent from 45.6 percent last year.
The US, EU, ASEAN, China, Israel, Japan, Canada, and Mexico were the largest markets, accounting for 88.2 percent of the total exports.
Shipments to China increased by 68.5 percent year-on-year. It was followed by ASEAN with a 26.7 percent rise and Israel with 18 percent.
Vietnam's tuna exports to China have risen sharply this year but exports to traditional markets like the US, EU and Japan have fallen, according to the industry association.
With Japanese support in technology transfer, fishermen in the central coastal province of Binh Dinh have brought onshore 2,477 tuna fish, weighing 101 tonnes, in their most recent catch.
Vietnam’s tuna exports are expected to bring much revenue as in 2015 despite a slight decline in orders from Japan, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
Tuna exports increased by 0.9 percent in the first seven month of the year to reach more than 266 million USD, according to the Vietnam Association of Seafood Producers and Exporters (Vasep).
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Workers at Hai Nguyen Co in the south central province of Binh Dinh process tuna. (Source: VNA)
