Last year, Vietnam's seafood exports reached 11 billion USD for the first time. Increasing exports has brought export turnover to mark a new milestone. The Mekong Delta region has contributed greatly to the overall seafood export turnover. However, at present, shrimp and pangasius exports in this region are more difficult than the same period last year.
According to the Vietnam Association of Seafood Exporters and Producers (VASEP), in January, pangasius exports continued to decline sharply compared to the same period in 2021. In particular, the value of pangasius exports to the US market in January 2023 decreased by nearly 40% compared to December 2022.
Shrimp exports are forecast to prosper in March
Ca Mau is the leading locality in the country in terms of shrimp exports
Ca Mau is the leading locality in the country in terms of shrimp exports. In the last 3 years, Ca Mau's shrimp exports have always reached more than 1 billion USD. Particularly in 2022, exports reached nearly 1.1 billion USD. The beginning of the year is always the quietest time of the year for shrimp exporters in Ca Mau. The reason comes from the fact that foreign partners often actively import goods around September - November every year to prepare for the holidays, New Year's Eve as well as the first months of the year.
In fact, Ca Mau's shrimp export situation at the beginning of 2023 is more quiet compared to the same period of previous years. The local shrimp export turnover in January was just over $56 million, down more than 18% over the same period. Recently, the demand for goods in the world market in general is still slow due to the economic recession. Inflation in Ca Mau's big shrimp export markets such as the US and EU are quite high, affecting seafood exports. In particular, high-value products such as Ca Mau's shrimp are more affected.
Ca Mau's shrimp exports will still face difficulties until the end of February and start to recover from March. Shrimp exports are difficult because of high inventory and inflation in the world, which affected the European market the most. Raw shrimp is currently abundant, the supply of raw materials is very diverse. By the second quarter of 2023, the export situation will have some breakthrough.
The price of raw pangasius is on the rise
Since the beginning of the year, the opening of the Chinese market has created favorable conditions for Vietnam's pangasius exporters.
Information from VASEP also shows that, although pangasius exports in 2022 grew strongly, exports in the fourth quarter decreased compared to the same period in 2021 due to the influence of global inflation. Regardless of that trend, pangasius exports still have many prospects for the market this year, especially after the Chinese Zero Covid policy was removed. This move will create more favorable conditions for the export of Vietnamese agricultural, forestry and fishery products to this market, including pangasius, the most popular Vietnamese seafood in the Chinese market.
Although in the first month of 2023, pangasius exports decreased, many pangasius enterprises carrying out new export orders showed optimistic signals on the recovery of orders from markets. Mr. Do Lap Nghiep, Chairman of the Board of Directors, Deputy General Director of NAVICO, said that in the first months of the year, the company's pangasius exports still increased by 20%.
Since the beginning of the year, the opening of the Chinese market has created favorable conditions for Vietnam's pangasius exporters. The price of raw pangasius at the beginning of the year was 28,000 VND/kg, now it has increased to 30,000 - 31,000 VND/kg. Enterprises are focusing on preparing raw material to meet market requirements, expanding export markets and ensuring product quality.
Compiled by Thuy Linh
(seafood.vasep.com.vn) The year 2026 marks a period of strong growth for Vietnam’s tilapia industry, but it is also a time when international export competition is becoming increasingly intense. Vietnam’s tilapia exports reached USD 99 million in 2025, up 140% compared to the previous year. In the first four months of 2026 alone, export value reached USD 49 million, a 151% increase year-on-year. As global demand for affordable whitefish continues to rise, Vietnam is emerging as a noteworthy competitor to traditional tilapia powerhouses such as China, Indonesia, Brazil, and Egypt.
(seafood.vasep.com.vn) With continued policy support, technological innovation and close coordination among authorities, businesses and farmers, Vietnam’s pangasius industry is expected to make a strong and sustainable breakthrough during the 2026–2030 period, reinforcing its position as the world’s leading exporter of the fish.
(seafood.vasep.com.vn) During the first four months of 2026, Vietnam’s tilapia exports to Asian markets showed varying trends across regions and countries. The Middle East recorded strong growth, with Saudi Arabia emerging as the largest Asian market for Vietnamese tilapia. ASEAN markets also expanded significantly, driven primarily by Malaysia. Meanwhile, Japan maintained solid growth, while exports to South Korea declined compared to the same period in 2025.
(seafood.vasep.com.vn) Shrimp and pangasius continued to lead growth, helping seafood exports reach $4.67 billion in the first five months of the year; however, differentiation among product groups and increasingly stringent requirements from importing markets are posing many challenges for the industry.
(seafood.vasep.com.vn) Every day, the seafood processing industry in Ca Mau generates large quantities of shrimp heads and shells during processing operations. In the past, these by-products were largely treated as waste, increasing production costs and posing potential environmental risks. However, thanks to advanced processing technologies, materials once considered waste are now being transformed into high-value products, creating a circular economy model within the seafood industry.
(seafood.vasep.com.vn) Vietnam Clean Seafood Corporation has invested in a 280-hectare super-intensive shrimp farming zone in Tran De Commune, Can Tho City, generating export value of approximately VND 3 billion per hectare per year—around 50 times higher than traditional agricultural production.
(vasep.com.vn) Vietnam’s seafood exports reached USD 1.02 billion in May 2026, up 0.6% year-on-year. Cumulative exports in the first five months of 2026 totaled USD 4.67 billion, an increase of 11% compared to the same period in 2025.
(seafood.vasep.com.vn) In a rapidly changing global seafood market, timely insights and reliable data are more critical than ever. The Report on Vietnam Seafood Exports in Q1/2026 provides a comprehensive overview of the latest developments in Vietnam’s seafood production, trade performance, and export trends, helping businesses navigate uncertainty and identify new growth opportunities.
(seafood.vasep.com.vn) While many major markets continue to experience slow growth, Russia has emerged as a brighter destination for Vietnamese tuna exports in early 2026. Export turnover to this market increased by nearly 55% in the first four months of the year, indicating a clear improvement in demand. Nevertheless, Russia remains a market that should be viewed with both optimism and caution.
(seafood.vasep.com.vn) Vietnam’s pangasius exports have shown encouraging signs of recovery in 2026. In the first four months of the year, total export turnover reached USD 720 million, up 17% compared to the same period last year. This result reflects improving demand across many markets, as well as the efforts of Vietnamese pangasius enterprises to maintain production, secure orders, and adapt to changing market conditions.
VASEP - HIỆP HỘI CHẾ BIẾN VÀ XUẤT KHẨU THỦY SẢN VIỆT NAM
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