According to statistics of Vietnam Customs, by the end of 2021, Russia and Ukraine are two of the 20 largest importers of Vietnamese tuna by value. Both these countries are importing a lot of frozen tuna from Vietnam.
As for the Russian market, the 13th largest tuna import market of Vietnam, the value of Vietnam's tuna exports to this market in the past 10 years has increased from 364 thousand USD in 2012 to more than 14 million USD in 2021, increased more than 39 times. Although in the past 5 years, the export value of tuna to this market has not been stable, but it is on an uptrend and recovering well after the pandemic.
Tuna exports to Russia in 2021 account for 2% of the total tuna export value of foreign fish, an increase of 58% compared to 2020, and even higher than in 2019, the time before the outbreak of the Covid-19 pandemic. And in January 2022 alone, tuna exports to this market increased by 427% over the same period.
For Ukraine market, the 19th largest tuna import market of Vietnam, the export value of tuna has increased 58 times in 10 years, from 115 thousand USD in 2012 to 6.8 million USD in 2021. In the past 5 years, the value of tuna exports to Ukraine has increased continuously. In 2021 alone, exports increased by 106% compared to 2020, and tripled compared to 2019, accounting for 1% of Vietnam's total tuna export value.
According to businesses, the conflict between Russia and Ukraine broke out, some orders had to be returned, and tuna export transactions to both countries had to be halted due to risks in banking transactions. Supply chains for production and import and export are broken. Businesses are having to monitor the situation to handle inventory or find ways to export to other markets.
Besides, Russia and Ukraine are the most important suppliers of sunflower oil to the global market, including Vietnam, so if the conflict between Russia and Ukraine continues to escalate, this will affect directly to the tuna industry. Prices for most vegetable oils are now up to all-time highs in January 2022, while canned tuna processors are facing unprecedentedly high sunflower oil prices. The high price of sunflower oil will push up the production cost of canned/bag tuna.
The oil market has been under pressure from the global pandemic and the Omicron variant. Prices have also begun to rise since the escalation of tensions between Russia and Ukraine. Rising fuel costs are expected to push up raw tuna prices due to rising fishing costs. Besides, sea freight rates already at exorbitant levels are expected to continue to rise higher. And now major shipping lines have announced not to transport to and from Russia, increasing shipping costs...
Faced with this situation, although the two markets do not account for a large proportion of Vietnam's total tuna exports, but before the above impacts, it is expected that Vietnam's tuna exports in the coming months will "decelerate".
(seafood.vasep.com.vn) Tilapia is easy to farm and provides high economic and nutritional value, making it a sought-after export commodity in many countries.
(seafood.vasep.com.vn) Vietnam’s seafood exports in the first 10 months of 2025 recorded significant progress, reaching more than USD 9.5 billion, up 15% year-on-year. This result reflects the sector’s persistent efforts amid a highly volatile market, especially policy shocks from the US Although signs of slowdown emerged in the third quarter due to countervailing taxes, key product groups still maintained strong momentum and created a foundation for full-year exports to reach USD 11 billion.
(seafood.vasep.com.vn) Vietnam’s agreement with the United States on a framework for reciprocal, fair, and balanced trade—reached during the 2025 ASEAN Summit in Malaysia—has generated strong optimism for Vietnamese exports, including tuna. Numerous positive points in the joint statement have raised high expectations for Vietnamese export goods, but turning these expectations into tangible benefits remains a long and challenging journey.
(seafood.vasep.com.vn) At the conference on “Linking the Production and Consumption Chain of Ca Mau Crab 2025,” Vice Chairman of the Ca Mau Provincial People’s Committee Lê Văn Sử posed a central question: how to shift the province’s crab exports toward official trade channels, instead of relying heavily on small-scale border trade with China as currently practiced.
(seafood.vasep.com.vn) The whitefish market in Japan is showing a clear divergence among supplying countries, in which Vietnam continues to affirm its role as a stable and high-potential exporter. Vietnam currently ranks third after the US and Russia in whitefish export value to Japan. Thanks to tariff incentives and the ability to meet Japan’s strict standards, Vietnamese pangasius continues to record a stable and positive growth trend.
(seafood.vasep.com.vn) The People's Committee of Ca Mau Province has just issued a plan to expand the super-intensive, low-water-exchange, biosecure white-leg shrimp farming model (RAS-IMTA) for whiteleg shrimp farming to a scale of 1,500 hectares, aiming to develop high-tech, sustainable and environmentally friendly shrimp farming.
(seafood.vasep.com.vn) Sa Giang Import-Export Joint Stock Company (HNX: SGC) plans to issue over 7.1 million shares to raise nearly 465 Billion VND for Hoan Ngoc M&A Deal.
(seafood.vasep.com.vn) According to Rabobank, global tilapia production is forecast to exceed 7 million tons in 2025, driven by a strong recovery in major producing countries including China, Indonesia, Egypt, Bangladesh and Vietnam. Among them, Vietnam is emerging as a potential tilapia supplier in the global supply chain, capitalizing on market fluctuations to expand production and exports.
By the end of Q3/2025, Vietnam’s seafood industry recorded a clear recovery as a series of leading companies reported strong profits — some even achieving the highest results in their history. After several quarters struggling with high costs and weakened demand, the latest business results indicate a robust comeback across the industry.
(seafood.vasep.com.vn) On November 12 in Ho Chi Minh City, the Embassy of the Netherlands, in coordination with the Ministry of Agriculture and Environment, organized the Vietnam–Netherlands Business Forum under the theme “Shaping the future of sustainable aquaculture in the Mekong Delta.”
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