Catalyst for growth of Vietnam’s tuna exports

The three-digit growth rate of Vietnam’s tuna exports to Mexico and Israel is considered a catalyst for a strong increase of over 16 percent of the country’s total tuna export value in 2021.
Catalyst for growth of Vietnam’s tuna exports ảnh 1Tuna processing (Photo: VNA)
HCM City (VNA) - The three-digit growth rate of Vietnam’s tunaexports to Mexico and Israel is considered a catalyst for a strong increase of over16 percent of the country’s total tuna export value in 2021.

According to the Vietnam Association of Seafood Exportersand Producers (VASEP), Vietnamese tuna is now available in 140 countries around theworld. Export of the product earned the country 757 million USD lastyear, up 16.6 percent year-on-year.

Notably, tuna sales to Mexico and Israel soared by 143 percent and201 percent against the previous year, respectively.

The growth is attributed to producers and exporters’flexible and effective adaptation to the COVID-19 pandemic.

Shipments of most tuna products have increased, except for canned tuna, with tuna loin posting a 41 percent rise and other processed tuna 14 percent.

To further develop the tuna industry, VASEP stresses the needto expand its market share to raise competitiveness edge.

It took the Australian market as an example. Vietnam iscurrently the third largest supplier of tuna for this market, accounting for1.6 percent of Australia's total tuna import value. Meanwhile, Thailand andIndonesia keep the first and second positions with 73 percent and 23 percent,respectively. While Australia's tuna imports from Vietnam increased by 209percent, imports from Thailand decreased by 15 percent and Indonesia rose by 28percent, according to the International Trade Centre.

Most recently, the central province of Binh Dinh has implemented a project on building tuna fishing, preservation, purchase and export chains, with the support of the Japan International Cooperation Agency (JICA).Thanks to this project, tuna products are quickly frozen and exported by sea,so the quality is guaranteed and profit is higher./.

VNA

See more

Industrial factories in Tan Uyen city, the southern province of Binh Duong (Photo: VNA)

Investors upbeat about Vietnam’s industrial property market

Investors are bullish on Vietnam's industrial property market growth on the back of the nation's strategic location, sound infrastructure, and increasing demand for industrial space, particularly industrial parks that meet green standards, according to market research.

Vietnamese Ambassador to Belgium and head of the Vietnamese Delegation to the EU Nguyen Van Thao addresses the forum (Photo: VNA)

Forum connects Vietnamese, Belgian busineses

The Vietnam-Belgian business forum took place in Brussels on October 23, offering a chance for enterprises of the two countries to introduce their products and explore new cooperation opportunities.

The expos cover over 6,000 sq.m, drawing over 210 exhibitors from 10 countries and territories. (Photo: VNA)

Hanoi hosts textile & garment, fabric garment accessories expos

The Vietnam Hanoi Textile & Garment Industry and Fabric Garment Accessories Expos 2024 (HanoiTex & HanoiFabric 2024) is taking place in Hanoi on October 23 – 25 as part of a series of international exhibitions on Vietnam's textile and garment industry.

Representatives from Vietnamese and Lao agencies, localities and businesses at the opening ceremony of the Vietnam-Laos trade fair 2024 in Xiengkhouang province. (Photo: VNA)

Vietnam, Laos step up trade, tourism promotion

A Vietnam-Laos trade fair was kicked off in Phonsavanh township in Xiengkhouang province of Laos on October 23 as part of activities to celebrate the 75th anniversary of the traditional day of Vietnamese volunteer soldiers and experts in Laos (October 30, 1949 – 2024).

Illustrative photo (Photo: chinhphu.vn)

Vietnamese goods enter US through global supply chain

The Saigon Co.op Distribution Company Limited (SCD) - a member of the Ho Chi Minh City Union of Trade Cooperatives (Saigon Co.op), and STC Natural Vina Company on October 23 held a hand-over ceremony for goods that will be exported to the US.

Vietnam’s lobsters have clawed their way back onto Chinese menus after a suspension. (Photo: VNA)

Vietnam’s lobsters claw back prominence in China

Vietnam’s lobster export to the Chinese market in January-September rose 33 folds year-on-year on the back of lower prices and stronger trade ties between the two nations, the South China Morning Post said on October 22.