These statistics include companies involved with fisheries, aquaculture, processors, wholesalers, and retailers.
Even though the number is in decline from a record high of 95 cases in the latter half of 2012, this trend is not likely to disappear, and today the number is as high as it was when Lehman Brothers went bankrupt in 2008.
In July, 22 companies filed for bankruptcy while a further 13 filed in August. This is expected to continue for the rest of the year. By sector, seafood processors were hit the hardest with 26 companies going bust. In terms of debts, eight out of 10 firms belonged to this particular sector.
The trend is partly blamed on reasonably priced goods being imported from other countries, combined with advanced freezing and processing technologies.
Meanwhile increasing fish prices attributable to a worldwide hike in seafood consumption and decreased catches in Japanese waters triggered by abnormal weather are also behind the trend.
On the other hand, seafood consumption in
Hokkaido-based Kushiro Marusui Corp. filed an application for bankruptcy in July. The company engaged in manufacturing and wholesaling of salted salmon, sashimi grade octopus, and salmon flakes using chum salmon and octopus landed at the
At its peak back in 1989, sales reached about JPY 12 billion (€91 million /$121 million). In recent years, in the midst of rising fish prices caused by weak catches, plummeting selling prices on account of lackluster consumption, as well as deflation, sales were adversely affected. A significant deficit from inventory disposal led to insolvency.
Furthermore, the seafood industry has suddenly encountered an appreciated yen that generated skyrocketing fuel prices in spring, which led to halted operations of 1,000 squid fishing boats all at once.
Even in
With contaminated water leaking from the crippled
(seafood.vasep.com.vn) A project titled "Sustainable Shrimp Industry Governance" has been launched in Ca Mau Province with the aim of supporting the transition of the province's shrimp industry toward higher quality, lower emissions, stronger governance capacity, improved supply chain traceability, and the development of a sustainable shrimp brand that meets the increasingly stringent requirements of export markets.
(seafood.vasep.com.vn) Khanh Hoa Provincial Agricultural Extension Center, in collaboration with the Northern Center for Marine Aquaculture Research and the Van Hung Public Service Center, recently organized a training course on disease-free golden pompano seed production. The program is part of a National Agricultural Extension Project aimed at developing industrial-scale seed production models to support sustainable marine aquaculture.
(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.
(seafood.vasep.com.vn) The application of high technology in shrimp farming is delivering positive results in the coastal areas of Vinh Long Province, contributing to improved production efficiency and creating significant potential for further industry expansion. However, to fully capitalize on this potential, the province is focusing on aquaculture zoning, infrastructure investment, and promoting modern, sustainable production.
(seafood.vasep.com.vn) Đồng Tháp Province has intensified efforts to curb illegal fishing by strengthening vessel monitoring, law enforcement and seafood traceability.
(seafood.vasep.com.vn) Seafood businesses need solutions to overcome bottlenecks such as labor shortages, difficulty accessing capital, high input costs, and administrative procedures in order to maintain production, adapt to market fluctuations, and effectively exploit export opportunities.
(seafood.vasep.com.vn) The FTA would widen access to markets with strong demand for premium food products in line with the country’s strategy of shifting exports towards increasing added value.
(seafood.vasep.com.vn) On the morning of July 13th, Mr. Ho Quoc Dung, Member of the Central Committee of the Communist Party of Vietnam and Deputy Prime Minister, along with his delegation, visited and worked with businesses in An Giang province to promptly resolve obstacles and promote production and business activities.
(seafood.vasep.com.vn) As importing markets increasingly focus on biosecurity and traceability, Vietnam has established a relatively comprehensive legal framework and disease management system for aquaculture, covering tilapia farming as well as other cultured species. This system is based on the Law on Animal Health, regulations on the prevention and control of aquatic animal diseases, the National Plan for the Prevention and Control of Major Diseases in Farmed Aquatic Species, and environmental monitoring and early warning programs for aquaculture areas.
(seafood.vasep.com.vn) On July 9, 2026, the Embassy of Vietnam in Brazil organized the seminar titled “Sharing Information on Vietnam-Brazil Economic, Trade and Investment Relations in the First Half of 2026” to provide updates on bilateral cooperation and strengthen connections among government agencies, industry associations, and business communities of the two countries.
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