Vietnam's tuna exports face multiple new challenges including raw material shortages


Image from Vietnam News/ANN

HO CHI MINH CITY (Bernama-VNA): Vietnam's tuna industry, which has made significant contributions to the country’s seafood exports, is now facing multiple challenges, from raw material shortages to stringent regulations in key export markets.

According to tuna processing and exporting enterprises, one of the major factors impacting export trends is the limited supply of raw materials, particularly those caught by domestic fishing fleets.

Vietnam news agency reported they said a new government decree amending and supplementing certain provisions on the minimum catch sizes, particularly for skipjack tuna (Katsuwonus pelamis), are not well-suited to the realities of the seafood sector.

They warned that the new rules have significantly disrupted normal fishing and business operations, adding further economic burdens to the industry’s production and supply chain.

In response, Vice Chairman of the National Assembly Le Minh Hoan affirmed that a review process had confirmed the necessity of regulations on minimum catch sizes, including those for skipjack tuna.

These regulations provide a legal and scientific basis to protect marine resources while meeting the European Commission’s recommendations on sustainable fishing practices.

To balance the need for marine resources conservation with the economic interests of both traditional fishermen and seafood exporters, the  Agriculture and Environment Ministry has proposed an expedited amendment to the decree.

The revised regulation, aimed at resolving current obstacles for businesses and fishermen, is expected to be issued by April.

Meanwhile, canned oil-packed skipjack tuna imports into the US are now subject to tariffs ranging from 12.5 per cent to 35 per cent, unless the exporting country benefits from trade agreements or tariff reductions, VNA reported.

Data from the International Trade Centre (ITC) showed that Vietnam is currently the second-largest tuna supplier to the market, trailing only Thailand. - Bernama-VNA

 

 

 

 

 

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