Tuna export value is forecast to reach US$1 billion in 2024, marking an 18 per cent increase compared to last year’s figure and solidifying the product''s role as one of Việt Nam’s key seafood exports.
Demand for pangasius has slumped in export markets compared to that of cod or pollock, and the situation is likely to persist, the Vietnam Association of Seafood Exporters and Producers has said.
Businesses, farmers, and management authorities need to develop rational strategies in response to market changes to breakthroughs and achieve the set export revenue target of US$4-4.3 billion for the year, experts have said.
VASEP''s calling came amid proposed amendments to tax laws, which could potentially see export services subjected to a 10 per cent value-added tax has been put forward.
But positive signals have been seen in the early months of 2024, with a 64 per cent increase in demand compared to the same period in 2023, reaching $750 million.
The value of aquatic exports in July fell below US$1 billion for the first time in 2022, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
The export value of Vietnamese tuna exports to the Israeli market by mid-August jumped by 34 per cent to nearly US$25 million compared to the same period last year, or accounted for 5.6 per cent of the total tuna export...
Viet Nam''s tra fish (pangasius) exports have done well this year, but the outlook is less bright for the rest of the year since the Covid-19 pandemic has not been controlled yet.
Despite the difficulties caused by the Covid-19 pandemic, shrimp exports by Cuu Long (Mekong) Delta provinces have been strong this year thanks to efforts made by both authorities and businesses.