VIETNAM TUNA EXPORTS TO GREECE SOAR
Vietnam tuna exports to Greece soar. Vietnam’s tuna exports to Greece increased 104 percent year-on-year to reach nearly 1.8 million USD by the end of July 2019, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
The association noted that while the country’s tuna exports to the European Union (EU) declined, exports to Greece enjoyed impressive growth.
The export value of canned processed tuna to the EU accounted for more than 94 percent of Vietnam’s total tuna exports to the market.
Greek customers tend to favour Italian canned tuna. However, since 2016, demand for such high-quality products has been declining due to price hikes.
Therefore, Greece has increased imports of canned tuna from Asian countries with Thailand, the Philippines, Vietnam and Turkey being the biggest suppliers.
Tuna concentrate mainly in the Central Vietnam and the centre of East Sea. Tuna resources of Vietnam are estimated at over 600 thousand MT; in which skipjack is the major species, accounting for more than 50% of the total pelagic fish stocks.
Annual landings (including yellowfin tuna, big-eye tuna, skipjack tuna and others) are more than 200 thousand MT. Yellowfin tuna and big-eye tuna have average stock of over 45 thousand MT, with annual catch of 17,000 to 21,000 MT.
Yellowfin tuna and big-eye tuna are caught in the 6 month period from December to June of the next year. While skipjack tuna can be caught all year round.
Tuna output in the EEZ of Vietnam is estimated at 27,000 MT. Binh Dinh is the top tuna catching province with 9,400 MT, followed by Khanh Hoa with 5,000 MT and Phu Yen with 4,000 MT.
Vietnam has been active in adopting international rules on sustainability such as IUU of EU or “Dolphin Safe” labeling of EII. In 2018, Vietnam’s tuna exports contributes around 7.4% of total national seafood exports.