Vietnam's canned tuna exports hit 2-year low: Problems from new regulations

According to the Vietnam Association of Seafood Exporters and Producers (VASEP), in April, canned tuna exports tended to decrease sharply and nearly hit the bottom in the past two years.

According to statistics from Vietnam Customs, the export value of canned tuna from Vietnam in April only reached nearly 15.8 million USD, down 50% compared to the same period in 2024. This is almost the lowest level since January 2023.

According to businesses, major problems related to regulations in Decree 37/2024/ND-CP are greatly affecting tuna fishing and export activities, especially canned tuna exports.

These regulations include the minimum size allowed for exploitation and the regulation of not mixing imported seafood materials with domestically exploited seafood materials in the same export shipment.

On the contrary, exports of other tuna products increased this month. Notably, other processed tuna products under HS16 code, mainly frozen steamed tuna loins, increased by 62% over the same period. Meanwhile, frozen tuna meat/loins increased by 15%.

VASEP predicts that, given the current situation of unresolved bottlenecks in domestic raw material sources, coupled with the impact of geopolitical instability, as well as changes in trade policies in major markets, Vietnam's tuna exports are likely to decline further.

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Source: https://baonghean.vn/xuat-khau-ca-ngu-dong-hop-viet-nam-cham-day-2-nam-vuong-mac-tu-quy-dinh-moi-10298470.html