Market issues such as large inventory, low demand, and falling prices have strongly affected the shrimp and pangasius industries, especially in key markets such as the US and EU.
Therefore, pangasius exports fell the most in the first 6 months, followed by shrimp. The seafood industry continues to face a shortage of raw materials, high input costs, and most importantly, the IUU yellow card is making the procedures for certifying wild- caught seafood products to go to the EU market more difficult in 2023.
Seafood exports, including to the once-promising Chinese market, have sharply declined. Persistently sluggish post-Covid economies, ongoing wars, and inflation have cast a shadow on recovery, maintaining their hold on food consumption trends, including seafood.
In this difficult situation, many seafood enterprises have adjusted their product structures and strategies
In this difficult situation, many seafood enterprises have adjusted their product structures and strategies. Therefore, although many enterprises experienced a decrease in sales compared to the same period last year, there were still enterprises that achieved positive growth in export turnover in the first half of this year thanks to maintaining labor, utilizing capacity, focusing on value-added goods and processing for export. These enterprises will be the driving force to recover export sales for the industry in the second half of 2023.
Can Vietnam seafood exports reach the expected target of US$10 billion in 2023? By the end of July, seafood exports had only earned nearly US$5 billion. Can it break through in the last 5 months of the year?
To gain deeper insights into product structure and export markets, the business situation of seafood enterprises in recent years, assess the resilience of consumption markets, the competitiveness of Vietnam's seafood products in 2023, opportunities and challenges in the coming time; we extend an invitation to businesses and readers to register for the Q2/2022 Report on Vietnam's Seafood Exports.
Compiled by Thuy Linh
(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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