Determinants of vietnamese tuna export to the international market

BANKING ACADEMY FACULTY OF INTERNATIONAL BUSINESS - GRADUATION THESIS TOPIC DETERMINANTS OF VIETNAMESE TUNA EXPORT TO THE INTERNATIONAL MARKET Student’s name: Do Thi Thao May Class: K21KDQTB Course: 2018-2022 Student’s code: 21A4050284 Supervisor: Dr Doan Ngoc Thang Ha Noi, May 2022 Tai ngay!!! Ban co the xoa dong chu nay!!! 17014126169001000000 BANKING ACADEMY FACULTY OF INTERNATIONAL BUSINESS - GRADUATION THESIS TOPIC DETERMINANTS OF VIETNAMESE TUNA EXPORT TO THE INTERNATIONAL MARKET Student’s name: Do Thi Thao May Class: K21KDQTB Course: 2018-2022 Student’s code: 21A4050284 Supervisor: Dr Doan Ngoc Thang Ha Noi, May 2022 i DECLARATION I declare that this is my research The data used in the analysis in the thesis have clear origins, published following regulations The research results in the paper are researched, synthesized, and analyzed by myself in an honest, objective manner and are consistent with reality in Vietnam These results have never been published in any other studies Ha Noi, May 20th 2022 Student Do Thi Thao May ii ACKNOWLEDGEMENT During my graduation thesis, I received much help, suggestions and enthusiastic guidance from teachers, family and friends I would like to express my sincere gratitude to Dr Doan Ngoc Thang, the Faculty of International Business, Banking Academy lecturer, who enthusiastically guided and instructed me during the work I would also like to thank the teachers in Banking Academy in general, and the teachers in the Faculty of International Business in particular, for instilling knowledge of general subjects as well as specialized subjects into me, helping me have a solid theoretical foundation and create favorable conditions to help me throughout the learning process Finally, I would like to sincerely thank my family and friends who have always facilitated, cared for, helped and encouraged me during my study and completion of my graduation thesis Thank you sincerely! iii TABLE OF CONTENTS INTRODUCTION 1 THE URGENCY OF THEME LITERATURE REVIEW RESEARCH PURPOSES RESEARCH SUBJECT AND SCOPE RESEARCH METHODOLOGIES THESIS STRUCTURE .4 CHAPTER AN OVERVIEW OF TUNA EXPORT 1.1 INTRODUCTION OF TUNA .5 1.1.1 Definition and features 1.1.2 Popular products of tuna .10 1.2 OVERVIEW OF TUNA EXPORTING .11 1.2.1 Definition 11 1.2.2 Forms of exporting tuna 12 1.3 DETERMINANTS OF EXPORTING 15 1.3.1 Determinants in the macro environment 15 1.3.2 Determinants in the micro environment .19 1.3.3 Determinants in the internal business 21 1.4 INTERNATIONAL EXPERIENCE OF TUNA EXPORTING .23 CONCLUSION OF CHAPTER 27 CHAPTER DETERMINANTS OF VIETNAM’S TUNA EXPORT INTO INTERNATIONAL MARKET 28 2.1 SITUATION OF TRADE AND TUNA EXPORT IN INTERNATIONAL MARKET .28 2.1.1 Situation of tuna trade in international market .28 2.1.2 Situation of international tuna market 29 2.2 OVERVIEW OF FISHING AND EXPORTING TUNA IN VIET NAM .36 2.2.1 Overview of the situation of fishing and processing tuna in Viet Nam 36 2.2.2 Overview of the situation of Vietnam’s tuna export to international market from 2000 to 2020 40 iv 2.3 DETERMINANTS OF VIETNAM’S TUNA EXPORT TO INTERNATIONAL MARKET 44 2.3.1 Model 44 2.3.2 Data 45 2.3.3 Estimated results 46 2.4 EVALUATION OF VIETNAM’S TUNA EXPORT TO INTERNATIONAL MARKET 49 2.4.1 Achievements 49 2.4.2 Limitations .50 CONCLUSION OF CHAPTER 54 CHAPTER 3: SOLUTIONS OF FACILITATING VIETNAM’S TUNA EXPORT TO THE GLOBAL MARKET FROM 2020 TO 2025 55 3.1 PROSPECT OF VIETNAM’S TUNA EXPORT TO THE GLOBAL MARKET .55 3.1.1 Opportunities 55 3.1.2 Challenges 57 3.2 SOLUTIONS OF FACILITATING VIETNAM’S TUNA EXPORT TO THE GLOBAL MARKET 58 3.2.1 Macro policy solutions for the Vietnam’s government and agencies 58 3.2.2 Recommendations for tuna processing and exporting enterprises .60 CONCLUSION OF CHAPTER 61 CONCLUSION 62 REFERENCE 63 v LIST OF ACRONYMS Acronyms Definition WTO World Trade Organization EU European Union EP European Parliament EC European Commission ASEAN Association of South East Asian Nations EVFTA EU-Vietnam Free Trade Agreement CPTPP Comprehensive and Progressive Agreement for Trans-Pacific Partnership FTA Free trade Agreement RTA Regional trade Agreement RTA-IS Regional Trade Agreements Information System UN Comtrade United Nations International Trade Statistics Database OEC The Observatory of Economic Complexity CEPII Center d'Etudes Prospectives et d'Informations Internationales FDA Food and Drug Administration FDI Foreign Direct Investment vi IMARC International Market Analysis Research and Consulting TAC Total Allowable Catch WPCO West and Central Pacific Ocean ITC International Trade Centre IUU Illegal, Unregulated or Unreported HACCP Hazard Analysis and Critical Control Point ISO International Organization for Standardization MFN Most Favoured Nation HS Harmonized System SPS-TBT Sanitary and Phytosanitary Agreement - Technical Barriers to Trade vii LIST OF FIGURES Figure Page Figure 1.1: Process of producing and exporting tuna in Vietnam 14 Figure 1.2: Constituents of business environment 15 Figure 1.3: Porter’s Five Force model 20 Figure 2.1: The market shares of top 10 tuna exporters in the world in 31 2020 (HS 160414) Figure 2.2: The market shares of top 10 tuna exporters in the world in 34 2020 (HS 160414) Figure 2.3: Export turnover of Vietnam’s tuna from 2001 to 2020 39 Figure 2.4: Import value of top import markets of Vietnam's tuna 40 from 2010 to 2020 Figure 2.5: The market shares of Vietnam’s tuna export in 2020 40 viii LIST OF TABLES Table Page Table 1.1: Major varieties of tuna Table 2.1: The exported value of top 10 countries in the world 28 (2015-2019) Table 2.2: The imported value of top 10 countries in the world 31 (2015-2019) Table 2.3: Structure of Vietnam's tuna fishing vessels in 2011-2017 35 Table 2.4: Tuna catches in Vietnam in 2011-2017 37 Table 2.5: Tuna fishing productivity in Vietnam in 2011-2017 37 Table 2.6: Export value of Vietnam’s tuna with HS code 030487 41 and HS code 160414 Table 2.7: Descriptive statistics of variables 44 Table 2.8: Benchmark estimation result 45 Table 2.9: Further estimation 46