Shrimp exports are showing positive signs in many markets. Exports to the US and EU have shown stable growth. China is implementing policies to boost consumption, which could help increase shrimp import demand from Vietnam.
In November 2024, exports to China&Hong Kong and the EU continued to maintain a double-digit growth rate, while exports to Japan, the US, and South Korea showed single-digit growth.
In November 2024, shrimp exports to the US reached over 55 million USD, up 9% compared to the same period last year. Cumulatively, exports to this market reached 702 million USD, an increase of 10%. Wholesale shrimp prices in the US saw a wide increase in the second week of December. The price increase may be due to concerns over shipping and overall higher costs across the entire supply chain. Shopping and consumption demand during the holiday season in the US is expected to grow positively.
As of November 2024, shrimp exports to China&Hong Kong showed good growth of 34%, reaching 761 million USD. The demand for shrimp consumption during the Lunar New Year has increased imports in this market, making it the largest shrimp import market in the first 11 months of this year, surpassing the US.
Export shrimp prices are showing signs of rising, especially for white-legged shrimp, helping to improve profit margins for businesses.
Shrimp raw material prices are also at a positive level, which will support production and exports.
Moreover, processed shrimp products are experiencing strong growth, which is a positive signal, showing that businesses are shifting towards value-added products.
However, Vietnam's shrimp industry still faces internal challenges that need to be overcome to achieve sustainable growth.
Specifically, Vietnamese shrimp need to improve quality and reduce costs to compete in the international market. This includes enhancing issues related to seed quality control, farming seasons, stocking density, disease management, reducing production costs, and forecasting consumption trends in importing markets to help drive the shrimp export value chain and increase income for shrimp farmers.
In addition, there needs to be a shift in mindset. Rather than focusing on production volume and high technology, emphasis should be placed on sustainability and efficiency, particularly regarding quality, environment, health, and selling prices.
Furthermore, farmers need to keep up with trends in shifting farming species; trends in high-tech, environmentally friendly shrimp farming that adapts to climate change and sustainability; and the development and application of biotechnology. Especially, the link in production chains with international standards to meet market demand is crucial.
(vasep.com.vn) In the first eight months of 2026, Brazil became the largest market for Vietnamese tilapia, with export value reaching US$44 million, up 22,142% year-on-year and accounting for 49% of Vietnam’s total tilapia exports. In August alone, exports to Brazil reached US$4 million. However, behind this remarkable growth is a market that is imposing increasingly stringent requirements on imported supplies.
(vasep.com.vn) Vietnam’s tuna exports sustained their upward trajectory in August 2026, though the pace remained modest at just 2%. The month saw divergent trends across key markets: the US maintained its leading position, Japan and Canada improved, Russia surged and the EU continued to experience a steep downturn. These developments suggest that exporters are entering the final months of the year amid a market environment marked by greater uncertainty.
(seafood.vasep.com.vn) Congalsa has acquired the entire charter capital of Lenger Seafood Vietnam, giving it full ownership of the business and its Nam Dinh processing facility.
(seafood.vasep.com.vn) Ninh Binh Province is entering a peak period of action against illegal, unreported and unregulated (IUU) fishing, focusing on thoroughly addressing violations, closely monitoring fishing vessels at ports and preventing vessels from violating regulations and operating illegally in foreign waters ahead of the European Commission’s (EC) upcoming inspection in 2026.
(vasep.com.vn) The application of biotechnology in seed production is increasingly viewed as a strategic imperative to upgrade pangasius fingerling quality, optimize farming efficiency and anchor sustainable industry development.
(vasep.com.vn) On September 15, 2026, in Can Tho, VASEP and ASC jointly organized a training course titled “New ASC standards: updates and practical implementation guidance for farms, businesses and aquafeed mills”. Beyond briefing stakeholders on updated ASC requirements for aquaculture facilities and feed production, the workshop dedicated substantial floor time to directly addressing on-the-ground compliance bottlenecks encountered by Vietnamese enterprises.
(searfood.vasep.com.vn) Vietnam’s tilapia exports continued to post positive results in the first eight months of 2026, with total export value reaching US$90 million, up 43% year-on-year. However, exports in August alone stood at US$11 million, down 8%, reflecting uneven market developments. Brazil remained the leading market, while Japan recorded notable growth, opening up new opportunities for Vietnamese tilapia products.
(vasep.com.vn) Vietnam’s shrimp exports reached US$3.3 billion in the first eight months of 2026, up 12% year on year. However, growth has begun to slow and become more differentiated across markets, while the U.S. and EU continue to present significant challenges. The latest insights from the Global Shrimp Forum 2026 (GSF 2026), held in early September, also indicate that the final months of the year will remain highly competitive as global supply continues to expand and buyers increasingly focus on quality, product specifications, supply stability and the ability to meet market-specific demand.
(seafood.vasep.com.vn) In August 2026, Vietnam’s seafood exports reached $1.14 billion, up 6% year on year. Cumulative eight-month exports rose 11.8% to $8.00 billion, though momentum has cooled compared to the 12.8% growth seen through July. China - Hong Kong and ASEAN are offsetting weakness in the U.S, EU and partly Japan. This divergence will likely widen in Q4 as trade tariffs and traceability requirements directly weigh on new orders.
(seafood.vasep.com.vn) Vietnam–Russia relations are entering a new phase of cooperation, with a focus on expanding trade, investment and economic connectivity. Against this backdrop, tuna is emerging as one of the seafood products with significant growth potential in the Russian market. Export data for the first seven months of 2026 show strong growth in Vietnamese tuna exports to Russia. However, turning this momentum into sustainable market share will require businesses to address challenges related to logistics, payment and supply competition.
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