Data loading...

Recovery In EU Demand Drives Vietnams Tuna Expansion Vietnam, June 4, 13

Vietnam’s tuna exports are having favorable conditions thanks to a high consumption in Europe.

According to the Ministry of Agriculture and Rural Development, the export turnover of tuna has reached USD 155 million this year, up nearly 20% year-on-year.

Explaining the high growth, the Vietnam Association of Seafood Exporters and Producers (Vasep) said the European market has increased tuna imports after a long period of importing small amounts due to economic difficulties.

However, the export value of Vietnamese tuna will rise even higher if fishermen do not use bright lights to attract and catch tuna. This method helps reduce the catching costs but results in lower quality of tuna.

Tuna is one of the major seafood products of Vietnam.

Tuna obtained an export turnover of USD 380 million in 2011, accounting for 6.3% of Vietnam’s seafood exports, and was exported to 83 countries.

Meanwhile, the export value amounted to nearly USD 570 million last year, with the U.S. market accounting for over USD 245 million (42%) and the European market USD 114 million (20%).