Currently, input prices have increased tremendously (especially for gasoline), leading other industries’ price levels to increase accordingly. Noticeably, the price of input materials for aquaculture has also increased, such as imported soybeans, bran, fat, etc., along with the increase in workers' wages to ensure that it is in line with the current price slide. Another difficult point is that, even though the epidemic is controlled, a few large markets are still applying the Zero Covid policy, so the openness of these markets is not certain and varies at times, affecting the global supply chain. Input materials, have increased by 10% - 20%. The most notable increase is the freight rate, which has increased by 5 to 10 times. For example, the European freight for a 40-foot container at between 1,500 USD to 2,000 USD has leaped to 20,000 USD. The difficulty to find shipping containers has been affecting company’s competitiveness, hindrancing market supply due to delayed orders and affecting the customers. Facing this situation, GODACO has put forward some solutions: reaching out to new markets, expanding new products, limiting activities in unstable markets, reducing unnecessary costs in production, increasing productivity and quality improvement, etc., in order to minimize the impact of increasing input prices, heading towards increasing competitiveness in markets. According to Mr. Dao, the processed seafood industry in particular, and the food industry in general, after the epidemic, the recovery of the economy and the demand for food and travel will contribute to the increasing consumption demand for this product category. We also expect that from now to the end of 2022 as well as the coming years, the demand for food will keep increasing. This is also a new opportunity for the seafood processing industry. Taking advantages of these opportunities, the company also takes preparation steps, especially implementing many solutions to get back to its position before the epidemic by the end of 2022. The company also set specific goals for the coming years, such as continuing to expand the pangasius farming area of about 70 hectares, building more processing plants, expanding the market... GODACO's goal in 2023 is to increase revenue and export turnover by about 30% and the company will be among the top 3 largest fish processing enterprises in Vietnam in the next 5 years.
Compiled by My Hanh
(seafood.vasep.com.vn) Vietnam’s tilapia exports maintained strong growth momentum in May 2026, reaching USD 14 million, up 18% compared with the same month last year. Cumulative export value for the first five months of 2026 totaled USD 62 million, representing a remarkable 101% increase over the same period in 2025, highlighting the sector’s strong recovery in international markets.
(seafood.vasep.com.vn) Vietnam’s tuna exports reached USD 367 million in the first five months of 2026, down 7% compared to the same period in 2025. While the decline is not yet severe, the more concerning issue is that pressure is mounting in key markets such as the United States and the European Union, just as ocean freight rates are rising sharply on long-haul routes. The current situation is therefore not merely about slower orders, but rather a clear restructuring phase for Vietnam’s tuna industry.
(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.
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