Vietnamese tuna loses competitive edge in Japan due to high taxes
Vietnamese tuna exporters have struggled to compete with Thai and Philippine firms in the Japanese market due to high taxes, according to the Vietnam Association of Seafood Exporters and Producers.
HCM City (VNA) – Vietnamese tunaexporters have struggled to compete with Thai and Philippine firms in theJapanese market due to high taxes, according to the Vietnam Association ofSeafood Exporters and Producers (VASEP).
In a letter sent to the Ministry of Industryand Trade on February 13, VASEP called on the ministry to review taxes applied onVietnamese tuna products shipped to Japan and put the issue on table with theJapanese side in an effort to bring them to the zero percent tariffs that Thaiand Filipino exporters enjoy.
According to VASEP, Japan is one ofVietnam’s eight biggest tuna export markets. However, Vietnamese tuna exportsto this market have continuously dropped since 2013 due to high taxes.
Statistics from Japanese customs showed thattax rates levied on canned yellowfin tuna exported to Japan from Thailand fell from4.8 percent in 2009 to zero percent in April 2012 according to the Japan-ThailandEconomic Partnership Agreement.
The rate for the Philippines also decreased tozero percent in April 2013 thanks to the generalised system of preferences,while the rate remains up to 9.6 percent for Vietnam despite the Vietnam –Japan Economic Partnership Agreement became effective in October 2009.
The association pointed out that in theASEAN – Japan comprehensive economic partnership agreement, there is no roadmapfor Vietnam to enjoy zero percent taxes like the two above-mentioned countries.
According to VASEP, tuna products contributebetween 450-550 million USD per year to the country’s total export value.-VNA
Tuna exports are expected to increase by 8 percent this year to 507 million USD, according to the Vietnam Association of Seafood Producers and Exporters (Vasep).
Vietnam’s tuna exports are expected to bring much revenue as in 2015 despite a slight decline in orders from Japan, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
Vietnam’s tuna export value increased 10 percent in the first eight months of the year to 309.8 million USD, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
Export revenue of Vietnamese tuna to the European Union (EU) in October almost doubled compared to the same period last year, hitting 14 million USD, according to the Vietnam Association of Seafood Producers and Exporters (VASEP)
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
Illustrative image (Photo: VNA) 
