Accordingly, in February 2021, Vietnam exported seafood to 104 markets around the world, while in February 2020, Vietnam exported to 115 markets.
Top 10 single markets with the highest seafood import turnover from Vietnam in February include the US, Japan, Korea, China, Canada, Australia, Thailand, UK, Russia and the Netherlands, accounting for 75.4% of total seafood exports from Vietnam.
In February 2020, Hong Kong and Singapore were both in the top 10 seafood import markets of Vietnam, but in February this year, exports to these two markets fell sharply, down by 64% and 83% respectively, so they fell far behind from the top 10. Instead, it is now the Russian reposition with a 57% increase in imports from Vietnam and the upgrade of the Dutch market, although exports to this market decreased by 14%.
Exports to the US market are still leading, after increasing by 25% in January, continuing to increase by nearly 10% in February, while exports to Canada continued to break through with an increase of 31% in February, becoming the 4th largest market (accounting for 4.6% of Vietnam's seafood exports this month, just behind the US (21%), Japan (7.8%), South Korea (9.2%) and China (8.3%).
Notably, there was the spectacular return of China with a 114% increase in imports in February, after a 10% decline in January. This recovery brings optimism to seafood exports in the following months.
In addition, exports to the UK and many other markets also increased sharply in February 2021. Exports to the UK increased by 8%, to Italy by 123%, to Israel by 38%, to Peru by 111%.
The export results in February continued to show the positive impact of the CPTPP and EVFTA agreements on Vietnamese seafood, as exports to the majority of countries participating in the agreements maintained positive growths compared to the same period last year.
|
Top 10 seafood import markets of Vietnam, Feb 2021 (million USD) |
|||
|
No |
Markets |
Feb 2021 |
Change vs Feb 2020 (%) |
|
1 |
The US |
87.372 |
9.6 |
|
2 |
Japan |
74.070 |
-23.7 |
|
3 |
South Korea |
38.527 |
-16.4 |
|
4 |
China |
34.395 |
113.9 |
|
5 |
Canada |
19.262 |
30.8 |
|
6 |
Australia |
15.610 |
-66.1 |
|
7 |
Thailand |
15.235 |
-7.0 |
|
8 |
The UK |
12.398 |
8.0 |
|
9 |
Russia |
9.171 |
56.8 |
|
10 |
The Netherlands |
8.378 |
-14.4 |
SSI forecasts a 28% year-on-year increase in after-tax profit attributable to the parent company of Vinh Hoan Corporation (VHC), driven by a gradual improvement in average selling prices from USD 3.15/kg in 2024 to USD 3.30/kg (+5%) in 2025. An Giang Fisheries Import-Export Joint Stock Company (ANV)'s after-tax profit attributable to the parent company is projected to rebound by 104%.
In 2025, the Mekong Delta province of Bac Lieu aims to earn 1.2 billion USD from exporting shrimp, one of the key export products that accounts for over 95% of its total export value.
(seafood.vasep.com.vn) The Report on Vietnam Pangasius Sector 2015–2024, produced and released by the Vietnam Association of Seafood Exporters and Producers (VASEP) in January 2025, is expected to provide enterprises, importers, and government agencies with a comprehensive overview of key developments in Vietnam's pangasius production and export over the past decade. In addition to highlighting achievements, the report identifies existing challenges and analyzes future opportunities and threats for the pangasius industry.
(vasep.com.vn) Overcoming two years of fluctuation in both export markets and domestic production, Vietnam's pangasius industry has demonstrated resilience, adaptability, and a strong determination to seize opportunities and boost exports to various markets. As a result, in 2024, pangasius exports reached USD 2 billion, a 9% increase compared to 2023. This achievement is a source of pride for Vietnam's aquaculture and agriculture sectors.
(seafood.vasep.com) Speaking at a conference to implement the 2025 plan of the Ministry of Agriculture and Rural Development, Prime Minister Pham Minh Chinh urged the agricultural sector to strive for a total export turnover of agricultural, forestry, and fishery products reaching $70 billion by 2025.
With robust production and processing infrastructure, combined with continuous market development efforts, Vietnam’s seafood exports are poised for 10–15% growth in 2025.
In 2025, seafood exports are expected to continue to grow better and could reach 11 billion USD as in 2022. However, this is also the year the seafood industry will face challenges, including increased competition from other countries, trade wars and market barriers...
(seafood.vasep.com.vn) On the afternoon of December 25, at Toan Thinh Conference Center (Soc Trang City), the Soc Trang Fisheries Sub-department, under the Department of Agriculture and Rural Development of Soc Trang, held a conference to review the 2024 aquaculture activities and outline the brackish water shrimp farming plan for 2025. The event was attended by Ms. Quach Thi Thanh Binh, Deputy Director of the Department of Agriculture and Rural Development of Soc Trang.
The Mekong Delta province of Soc Trang aims to achieve export value of over 1.9 billion USD in 2025 by boosting production and processing of key products such as seafood, high-quality rice, fruits, and garments.
The UK-Vietnam Free Trade Agreement has significantly boosted Vietnamese seafood exports, with shrimp and pangasius leading the charge in the UK market.
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