Most notably, tuna exports to the members of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) have witnessed vigorous growth.

February 2024 alone saw tuna exports to Canada and Chile skyrocket by 146% and 116%, respectively.

Meanwhile, after experiencing a strong increase in January, tuna exports to major markets such as the United States and the EU in February dropped of 8% and 16%, respectively.

Industry insiders point out that Vietnamese tuna will continue to face a number of challenges in the time ahead due to the European Commission’s yellow card warning against Vietnamese seafood.

Furthermore, local businesses are short of both domestic raw materials and imported materials.

However, as a number of major international seafood fairs are scheduled to take place in the US and Spain in March and April, there will be a positive outlook ahead for Vietnamese tuna businesses, say experts.

VOV