China: plenty of room for Vietnam’s seafood

News 09:29 24/11/2023
(seafood.vasep.com.vn) The Chinese market holds an increasingly important position for Vietnamese seafood enterprises. In recent years, China has been in the top 3 Vietnam’s seafood import markets, only after the US and Japan. In 2023, Vietnam seafood exports to China have declined because of reduced export prices, but the prospects and room in this market are still open for Vietnam’s seafood exporters.

In 2022, Vietnam’s seafood exports to China reached 1.6 billion USD, up 66% - reaching a record sales and record growth, after decreasing to 990 million USD in 2021 due to restrictions caused by the Covid pandemic.

In 2023, seafood exports to China also encountered the same trend as other markets: falling prices, high inventory, so in the first 9 months of the year seafood export value to this market decreased by 18%, reaching 1 billion USD.

The products with the highest proportion include pangasius (40%) and shrimp (38%), sales of both to China have reduced, in which shrimp decreased by 8%, and pangasius decreased by 27%.

Other marine products exported to China also saw a sharp decline in sales, in which cephalopod decreased by 10%, crabs decreased by 82%, and other fish remained at the same level as the same period in 2022.

However, if considering each aquatic species individually, in 2023, there are many species showing positive signs with rapid growth: such as whiteleg shrimp, black tiger shrimp, sea shrimp (krill), largehead hairtail, yellowstripe scad, mackerel, horsehead fish, mackerel scad, purple-spotted bigeye fish, octopus, clams...

 And there are a few species whose sales have decreased, including: pangasius, lobster, squid, crab, crawfish, fish cakes, surimi...

The localities that import the most Vietnam’s seafood are Guangdong, Zhanjiang, Guangxi, Fujian, Shanghai...

China is increasingly dependent on imported seafood

Many Vietnamese businesses have identified that the Chinese market has been and will continue to be a potential destination for Vietnam’s seafood if the business community grasp the needs, demands and opportunities from the market.

In 2023 and the coming years, there are a number of favorable factors, bringing opportunities and fiscal space for Vietnam’s seafood in China: The Covid epidemic has ended, China's trade with the world is completely normal; China's economy has positive signs, seafood demand is recovering: e.g. pangasius, black tiger shrimp, whiteleg shrimp, cephalopod; favorable geographical position for Vietnamese exporters to China, decreasing logistics costs and less than other countries; China stops importing seafood from Japan and will replace it with other sources of supply, including Vietnam...

Some shifts in China’s economic investment are also considered opportunities for Vietnam’s seafood. The super-profitable and highly profitable economic sectors are receiving more attention, so, investment in aquaculture has decreased, and this country's seafood exports have also gradually decreased in recent years, due to Covid factors and economic transition trends. Therefore, economic experts said that China will increasingly depend on imported seafood, like Western countries. 

Geopolitical fluctuations, inflation, energy crisis... cause seafood consumption demand in large countries like the US, EU, Japan to decline sharply, while China's imports are increasing.

If the conflict in the Middle East escalates, fuel costs will increase again and the energy crisis will continue along with inflation and high interest rates, exports to the US and EU markets in 2024 – 2025 are forecasted to be more difficult, and China will be the target market of many seafood exporters.

Conquering the Chinese market: needs more efforts

However, to take advantage of the opportunities from the China market and the potential of Vietnam's seafood industry, B2B trade activities need to be strengthened, in which local-level trade needs more attention; there should be exchange of information about market needs and regulations, especially when there are changes in import-export policies; Expanding the list of businesses and aquatic products allowed to export to China, opening doors to fresh aquatic species to be exported to China; Cooperating to accelerate licensing approval processes for exporting enterprises to China: Maintain smooth customs clearance at border gates; Enhance road and rail traffic connections in border areas; Cooperate in building cold storages and logistics facilities to serve Vietnam-China agricultural and aquatic trade, especially cross-border trade.

Bạn đang đọc bài viết China: plenty of room for Vietnam’s seafood tại chuyên mục News của Hiệp hội VASEP

TIN MỚI CẬP NHẬT

Vietnam’s Seafood Exports Face Significant Pressure from the U.S. Market in Q4

 |  08:49 20/09/2026

(vasep.com.vn) Vietnam’s seafood exports reached US$1.14 billion in August 2026, up 6.4% year on year, bringing the total for the first eight months to more than US$8.0 billion, an increase of 11.9%. Monthly export value remained above US$1 billion, but August growth was only around half the rate recorded cumulatively through the first eight months. This indicates that the eight-month result was supported significantly by stronger performance in earlier months, while market conditions are entering a less predictable period.

Kyokuyo Steps Up Pangasius Promotion, Creating New Opportunities for Vietnamese Seafood in Japan

 |  09:18 18/09/2026

(seafood.vasep.com.vn) Pangasius is attracting growing interest from Japanese seafood companies as prices of many traditional whitefish species remain high and supply becomes increasingly volatile. Notably, seafood group Kyokuyo has recently continued to feature pangasius among its priority products, highlighting its competitive pricing and stable supply.

Brackish-water tilapia: Vietnam’s emerging aquaculture frontier

 |  15:27 16/09/2026

(seafood.vasep.com.vn) As Vietnam’s tilapia industry searches for new growth opportunities, venturing into brackish-water aquaculture could unlock a formidable competitive moat. Bypassing the volume-and-price bloodbath against established global heavyweights, Vietnam could differentiate itself through high-quality tilapia products tailored to specific farming conditions and value-added market segments.

Vietnam’s pangasius exports to the U.S: tariffs, rotectionism and faltering demand choke 2026 exports

 |  15:26 15/09/2026

(seafood.vasep.com.vn) 2026 is rapidly shaping up to be a formidable stress test for Vietnamese pangasius exports to the United States. While exports to alternative markets maintain a resilient growth trajectory, the U.S market has declined significantly. In the first eight months of the year, pangasius exports to the U.S fell by nearly 14% year-on-year, with August alone recording a decline of more than 50%. The trend shows that difficulties in the U.S. market are not driven solely by weak consumer demand, but also by multiple layers of trade barriers that are intensifying simultaneously, particularly additional import tariffs, anti-dumping duties and growing protectionism for the domestic catfish industry.

Vietnam pangasius expands opportunities in Japan: Growth accompanied by the need for consistent quality

 |  08:45 11/09/2026

(vasep.com.vn) Vietnam’s pangasius exports to Japan are showing positive signals in 2026, indicating that the market is opening up greater opportunities for pangasius products, particularly processed and value-added products. In the first seven months of 2026, Vietnam’s pangasius exports to Japan reached US$31 million, up 20% year-on-year. In July alone, export value reached approximately US$5 million, up 30%.

Decree No. 292/2026/ND-CP: Elaborating certain articles and providing measures for the organization and guidance of implementation of the law on foreign trade management

 |  17:01 07/09/2026

On July 22, 2026, the Government issued Decree No. 292/2026/ND-CP detailing certain articles and providing measures for the organization and implementation of the Law on Foreign Trade Management. The Decree takes effect on September 5, 2026, replacing Decree No. 69/2018/ND-CP.

Vinh Hoan’s Cured Panga Croquette Wins Top Prize at Seafood Excellence Asia 2026

 |  16:11 04/09/2026

(vasep.com.vn) Vietnamese pangasius producer Vinh Hoan has won the top prize at the 2026 Seafood Excellence Asia Awards for its Cured Panga Croquette, highlighting the growing potential of value-added pangasius products in international markets.

Global Shrimp Forum 2026: bringing the global shrimp value chain together to find new paths for growth

 |  13:22 02/09/2026

(vasep.com.vn) The Global Shrimp Forum (GSF) 2026 is taking place from September 1–3 in Utrecht, the Netherlands, bringing together around 585 delegates from 40 countries, representing approximately 300 companies and organizations across the shrimp supply chain. Representatives from VASEP are attending the event as part of the Vietnamese delegation, strengthening connections with partners across the global shrimp industry.

Vietnam’s shrimp industry: changing to maintain its competitive edge

 |  07:59 01/09/2026

(vasep.com.vn) At the international B2B seminar (Hosted Buyer Program) held as part of Vietfish 2026, Mr. Nguyen Hoang Pham, Sales Director of Tai Kim Anh Seafood Processing Joint Stock Company, delivered a presentation entitled “Vietnam’s Shrimp Industry: Changing for Sustainability.” From the perspective of a seafood processor, the presentation highlighted that Vietnam’s shrimp industry continues to play a leading role in seafood exports, but is entering a new phase of competition in which change is no longer an option, but a prerequisite for growth.

What Did the World Say About VIETFISH 2026?

 |  11:19 27/08/2026

(seafood.vasep.com.vn) VIETFISH 2026 may have concluded after three dynamic days in Ho Chi Minh City, but conversations around the exhibition continue to resonate across international trade media, industry organizations, and the social media channels of participating companies.

VASEP - HIỆP HỘI CHẾ BIẾN VÀ XUẤT KHẨU THỦY SẢN VIỆT NAM

Chịu trách nhiệm: Ông Nguyễn Hoài Nam - Phó Tổng thư ký Hiệp hội

Đơn vị vận hành trang tin điện tử: Trung tâm VASEP.PRO

Trưởng Ban Biên tập: Bà Phùng Thị Kim Thu

Giấy phép hoạt động Trang thông tin điện tử tổng hợp số 138/GP-TTĐT, ngày 01/10/2013 của Bộ Thông tin và Truyền thông

Tel: (+84 24) 3.7715055 – (ext.203); email: kimthu@vasep.com.vn

Trụ sở: Số 7 đường Nguyễn Quý Cảnh, Phường An Phú, Quận 2, Tp.Hồ Chí Minh

Tel: (+84) 28.628.10430 - Fax: (+84) 28.628.10437 - Email: vasephcm@vasep.com.vn

VPĐD: số 10, Nguyễn Công Hoan, Ngọc Khánh, Ba Đình, Hà Nội

Tel: (+84 24) 3.7715055 - Fax: (+84 24) 37715084 - Email: vasephn@vasep.com.vn

© Copyright 2020 - Mọi hình thức sao chép phải được sự chấp thuận bằng văn bản của VASEP

DANH MỤC