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Market Structure and Market Performance of Tuna Value Chain: A Case Study of Yellowfin Tuna and Bigeye Tuna Value Chain in Three South Central Provinces of Vietnam

Author

Listed:
  • Nguyen Dang Hoang Thu

    (Faculty of Project Management, The University of Danang and University of Science and Technology, Da Nang, Vietnam,)

  • Cao Le Quyen

    (Vietnam Institute of Fisheries Economics and Planning, Ha Noi, Vietnam)

  • Le Thi Minh Hang

    (Faculty of Business Administration Management, The University of Danang University of Economics, Da Nang, Vietnam)

  • Nang Thu Tran Thi

    (Faculty of Fishery, Vietnam National University of Agriculture, Ha Noi, Vietnam)

  • Philippe Lebailly

    (Department of Economy and Rural Development, Faculty of Gembloux Agro-Bio Tech, Liege University, Gembloux, Belgium,)

Abstract

A value chain integrated Structure Conduct Performance (SCP) framework applied in agribusiness products in general and fishery products, in particular, is of great significance in conceptualizing strategy design specifically to a value chain segment in a territory in terms of economic development. This study analysed the market structure and financial performance of each actor in the tuna value chain in three South Central provinces of Vietnam to provide an overview of the economic efficiency of the value chain. We interviewed 315 respondents, including shipowners, middle-persons, and processors, directly related to the tuna value chain in 2018. The market concentration of each actor was quantitatively determined by the Lorenz curve and Gini coefficient. Actor s financial performance was calculated by costs and earnings models. The results showed that the market structure of middle-persons and processors tended to be monopolistic while shipowner s market structure tended to be in perfect competition. The processors received the highest return compared to other actors due to their highest value-added contribution and the most significant business scale. Several policy interventions were suggested to improve the economic efficiency of the value chain.

Suggested Citation

  • Nguyen Dang Hoang Thu & Cao Le Quyen & Le Thi Minh Hang & Nang Thu Tran Thi & Philippe Lebailly, 2021. "Market Structure and Market Performance of Tuna Value Chain: A Case Study of Yellowfin Tuna and Bigeye Tuna Value Chain in Three South Central Provinces of Vietnam," International Journal of Economics and Financial Issues, Econjournals, vol. 11(6), pages 94-113.
    • Handle: RePEc:eco:journ1:2021-06-10
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    References listed on IDEAS

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    More about this item

    Keywords

    Market Structure; Market Concentration; Market Performance; Tuna Value Chain; Vietnam.;
    All these keywords.

    JEL classification:

    • M - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics
    • Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics
    • R - Urban, Rural, Regional, Real Estate, and Transportation Economics

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