Vietnam's surimi products are currently exported to 30 markets worldwide. In Q1/2024, surimi companies made efforts to expand exports to smaller markets, but this was not enough to offset the decline in exports to major markets. The top 6 importers of Vietnamese surimi and fish cake in this quarter are Thailand, South Korea, China, Hong Kong, Japan, and Lithuania, accounting for 76% of the total export value of this product group.
Exports to major markets are all down compared to the same period last year. On the other hand, exports of surimi and fish cake to the EU are showing positive signs, increasing by 31% compared to 2023. Lithuania and Italy are leading the EU market in terms of imports of Vietnamese surimi and fish cake, with exports to both markets growing at high rates compared to the same period in 2023.
According to businesses, exports of surimi and fish cake are still facing difficulties due to the EU's IUU yellow card, which has caused delays in certification and verification processes for seafood exports to the EU. Additionally, domestic raw material shortages and challenges in importing raw materials due to IUU regulations are hindering the recovery of Vietnam's surimi and fish cake sector.
Vietnamese surimi producers are also facing a surplus of pollock surimi in the global market, which is currently weak. In the next few years, pollock surimi could dominate the market share of tropical fish surimi unless there is a recovery in consumer demand. This can only happen if new markets are found.
As of the end of March 2024, there were over 67 Vietnam exporters of surimi and fish cake products. The leading companies are DALU SURIMI, CASES, and KICOIMEX.
(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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