Since the onset of the US-China “trade war”, China has increased its tuna exports to the EU, intensifying competition in this market. VASEP said, however, that Vietnam’s tuna products have gained a competitive edge since 2024, reflected in the continuous growth of export turnover.
Strengthened trade cooperation between Vietnam and Portugal, coupled with maximised benefits from the Vietnam-EU free trade agreement, has fuelled Vietnam’s tuna exports to Portugal, VASEP commented.
However, Vietnamese businesses have warned that sustaining this growth is challenging. The domestic tuna raw material supply, already insufficient, is becoming scarcer due to regulatory issues and obstacles in certification and verification processes, which are hindering export growth.