Vietnam's tuna exports to the US reached $487 million. The country's total tuna export value to the world reached a record high of more than $1 billion

Vietnam’s tuna exports have increased significantly over the past year, topping 1 billion USD in Vietnam’s total global tuna exports and setting a record high of USD 487 million for exports to the US. At the moment, the US represents more than one-third of Vietnam’s total tuna export revenue, making it the country’s top market for tuna exports.

The country’s rich natural resources and advantageous location in the South China Sea play a significant role in the sector’s growth. Due to its extensive coastline, Vietnam is a great location for the tuna fishing business. The government has also taken steps to protect the sector’s sustainability, including developing a national fisheries management system, enforcing strict laws on fishing methods, and encouraging sustainable aquaculture.

Despite the high costs of fishing, with each 20-day to one-month trip costing up to VND200 million, last year fishermen continued to venture out to sea and managed to collect a total of 70,000 tons of tuna, including 17,000 tons of bigeye tuna. This is a testament to the hard work and dedication of the fishermen who are determined to “bring money home for their mothers”. This is evidence of the fishermen’s perseverance and commitment to “bring money home”. Even though the amount of tuna that fishermen collect only makes up one-third of of the raw materials used in processing plants, it is still a significant source of raw materials since the quality of the tuna is improving.

Currently, there are about 200 tuna exporting companies in the country. Due to corporate investments in product quality improvement and increased production efficiency, the quality of Vietnam’s exported tuna has also greatly improved. This has enabled Vietnam’s tuna fulfill the demanding standards of the global market and expand its exports to 99 countries.

Overall, the export of seafood from Vietnam, and specifically the export of tuna, have grown significantly in recent years and are predicted to continue to grow in the years to come. Thanks to the government’s attention to sustainability and the commitment of the fishermen, Vietnam’s tuna exports appear to be on track to progressively take a commanding position on the global market for tuna exports.

A Week of Innovations, Challenges, and Elon Musk’s Sarcastic Sidekick

Meta Introduces Subscription Service for Facebook and Instagram Users in Europe

China Grants First-Ever Approval for Fully Autonomous Passenger-Carrying Air Taxis

Self-driving air taxis have long been a tantalizing vision of the future, and now, they’re one step closer to becoming a reality in China. Guangzhou-based Ehang, a leading player in the electric vertical take-off and landing (eVTOL) industry, recently achieved a major milestone.

Adobe MAX 2023: Introducing the Next Generation of Creativity, Powered by AI

Adobe, the software giant renowned for its creative solutions, has once again pushed the boundaries of innovation with a slew of updates designed to revolutionize the world of digital creativity. Adobe MAX 2023 saw the unveiling of remarkable enhancements, all underpinned by the formidable power of artificial intelligence (AI). In this article, we will delve into the highlights of Adobe’s recent updates, as outlined in their official announcement.

Apple’s Missed Opportunities with Bing and DuckDuckGo Deals

In the world of tech giants, strategic partnerships and negotiations often determine the trajectory of entire industries. A recent revelation in the ongoing US government’s antitrust lawsuit against Google has shed light on some of Apple’s past decisions that could have had a significant impact on the search engine landscape.

TikTok Begins Testing an Ad-Free Subscription Plan

TikTok’s Southeast Asia Ambitions Face a Roadblock with Indonesia’s E-commerce Ban

TikTok, the wildly popular social media platform, has faced its fair share of challenges in recent years, particularly regarding its ownership and ties to China. However, its ambitions in Southeast Asia are now facing a significant hurdle as Indonesia, its largest market in the region, has imposed a ban on shopping transactions on social media apps.

Google’s Bard AI Chatbot Takes a Leap Forward with Major Expansion

Alibaba’s AI-Powered Renaissance Amidst New Leadership and Market Challenges

In a bold move to navigate the ever-evolving landscape of e-commerce and cloud computing, Alibaba Group is embarking on its most ambitious restructuring to date under the leadership of its new CEO, Eddie Wu. As the company faces challenges in a slowing Chinese economy and stiff competition, Wu is determined to revitalize Alibaba’s strategy by placing a strong emphasis on artificial intelligence (AI) and promoting younger talents to senior management positions.

TikTok Hit with €345 Million Fine in Europe for Child Privacy Violations

China’s Economy Shows Signs of Recovery, but Real Estate Remains a Concern

Arm’s China Conundrum and the Risks in its $5 Billion IPO

Arm, the renowned British chip designer under the SoftBank umbrella, is gearing up for a high-stakes $5 billion initial public offering (IPO). While excitement surrounds this significant move, investors are growing increasingly wary of Arm’s business ties to China, particularly amidst escalating tensions between the United States and Beijing over chip technology. Let’s dive into the complexities of Arm’s China dealings and the challenges it faces.