Tuna exports likely to hit over US$1 billion this year

Vietnam’s tuna export turnover this year is anticipated to surge by 45% compared to last year’s figure to reach roughly US$1.1 billion, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

tuna exports likely to hit over us 1 billion this year picture 1

Statistics indicate that Vietnam raked in US$90 million from tuna exports in June, a rise of 41% from a year earlier, bringing its six-month export turnover to US$553 million, up 56% year on year.

The rising prices of fuel and food primarily caused by the Russia-Ukraine conflict has created opportunities for the Vietnamese seafood sector to increase the export of aquatic products to foreign markets.

Most notably, tuna exports to major markets witnessed robust growth, except for the European Union, Israel and Egypt, according to VASEP.

Furthermore, tuna exports to the United States in the first half of the year skyrocketed by 96% to over US$300 million compared to last year’s corresponding period.

In contrast, Vietnamese tuna exports to the EU market continuously endured a downward trajectory over the past three months.

June alone saw tuna exports to this demanding market drop by 25% to nearly US$9.5 million compared to June of last year. However, its six-month tuna export value rose 4% year on year to US$77 million.

Elsewhere, tuna exports to Canada, Japan, and Mexico continued to see positive growth throughout the reviewed period as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) bloc remains the third largest consumer of Vietnamese tuna, behind the US and the EU.

The demand for tuna imports from CPTPP member countries surged by 50% to US$68 million against the same period last year.

Aside from these three major markets, tuna exports to Saudi Arabia, Thailand, and the Philippines grew well, with exports to Thailand and the Philippines increasing by 59% and 86%, respectively.

VASEP forecasts that tuna exports in the second half of the year will continue to enjoy a positive outlook, although growth may slow down, with turnover likely to hit about US$1.1 billion this year, up 45% compared to 2021.

VOV

Other News

Vietnam accelerates innovation to boost growth, competitiveness

Vietnam accelerates innovation to boost growth, competitiveness

By 2030, Vietnam aims to rank among the world’s top 40 in the GII; raise total social investment in R&D to at least 2% of GDP, with non-State funding accounting for over 60%; increase international scientific publications by an average of 10% annually; and raise the number of patent applications and granted patents by an average of 16-18% annually.

Vietnam sees high growth prospects

Vietnam sees high growth prospects

Experts from the Institute of Vietnam and World Economy under the Vietnam Academy of Social Sciences noted the quality of recent growth as the high growth rate has been recorded against an increasingly higher comparative base.

Vietnam seeks bigger share of global Halal market

Vietnam seeks bigger share of global Halal market

Vietnam's Halal exports remain modest at around 900 million USD a year, accounting for less than 1% of the global market. Most exports are still raw agricultural and seafood products. Only around 1,000–1,300 Vietnamese businesses obtained or maintained Halal certification during 2024–2026.

Hanoi sets up inter-agency mechanism to operate carbon market

Hanoi sets up inter-agency mechanism to operate carbon market

Under a decision of the municipal People’s Committee on establishing an inter-agency working group, departments and agencies are responsible for identifying facilities subject to greenhouse gas inventories, developing emissions-reduction plans and studying projects capable of generating carbon credits.

Shrimp exports reach 3.3 billion USD in eight months

Shrimp exports reach 3.3 billion USD in eight months

According to data from the Vietnam Customs cited by the Vietnam Association of Seafood Exporters and Producers (VASEP), shrimp exports reached 478.5 million USD in August, up 4.2% from the same month last year. The eight-month total stood at 3.3 billion USD, representing a year-on-year increase of 12%.

Russian investors explore opportunities in Vietnam's real estate market

Russian investors explore opportunities in Vietnam's real estate market

Vietnam is seen as a potential market, with considerable room for growth in real estate, particularly commercial property, compared with some regional markets. Strong Vietnam-Russia ties and opportunities to establish foreign-invested enterprises are also considered favourable for Russian investors.

Phu Quoc airport planning adjusted to serve APEC 2027

Phu Quoc airport planning adjusted to serve APEC 2027

For 2021-2030, the Civil Aviation Authority of Vietnam proposed bringing forward the investment in a parallel taxiway system and a connecting taxiway north of Runway No. 2 at Phu Quoc International Airport, in order to connect with the aircraft maintenance and repair facility (hangar) planned for the northern area of ​​the airport.

Policy, infrastructure emerge as new advantages in FDI attraction

Policy, infrastructure emerge as new advantages in FDI attraction

From policy and infrastructure to industrial real estate, Vietnam’s FDI advantages are broadening towards a more integrated production ecosystem, offering investors a stronger combination of conditions for high-value, technology-intensive and long-term projects.

Logistics upgrade vital to 1-trillion-USD trade target: experts

Logistics upgrade vital to 1-trillion-USD trade target: experts

As trade expands, systemic bottlenecks across transport networks, warehousing, ports, border gates, and industrial zones are becoming more apparent. Experts emphasise the need to shift from a fragmented, project-by-project approach toward strategic management structured around trade corridors and integrated supply chains.

Ample room for Vietnam, US to deepen cooperation

Ample room for Vietnam, US to deepen cooperation

Do Ngoc Hung, Trade Counsellor and head of the Vietnam Trade Office in the US, said what stands out is not only the growth in trade volume but also the increasingly deep economic ties between the two countries.

Flexible fiscal policy helps drive economic growth

Flexible fiscal policy helps drive economic growth

According to the Ministry of Finance, State budget revenue in the first eight months of 2026 was estimated at 2.02 quadrillion VND (77.7 billion USD), equivalent to 80% of the annual estimate and up 16% year-on-year. Domestic revenue reached 1.75 quadrillion VND, accounting for 86.6% of total revenue and rising 16.6%.

Electronic components are produced at a factory in Hanoi. (Photo: VNA)

Hanoi's imports surge 41% in first eight months of 2026

Hanoi aims to achieve average annual export growth of at least 12% during 2026-30, with the city seeking to diversify export markets, boost high-tech and value-added products and reduce reliance on traditional markets.