Those impacts come from the shutdown of the international payment system (SWIFT) of major Russian international banks; freezing the assets of large corporate banks; preventing import and export; stop of providing credit; supply chain disruption, ruble devaluation, inflation increase, global stock market instability...
Vietnam will also be affected by risks of international payment, supply chain disruption in import and export as major shipping companies have declared not to transport to and from Russia, leading to increased transportation costs; increasing the cost of imported inputs for basic goods; declining demand in Russia, Ukraine and related countries.
Deputy Minister Phung Duc Tien said that the Ministry of Agriculture and Rural Development will closely monitor the situation and work closely with trade associations and the State Bank of Vietjnam to support payment for businesses that have exported goods to Russia but financial transactions are stalled.
The ministry will work with trade associations such as Vietnam Association of Seafood Exporters and Producers (VASEP), Vietnam Coffee-Cacao Association (VICOFA), Cashew Association, and Vietnam Wood and Forest Product Association. to discuss solutions to deal with immediate difficulties due to market stagnation in Russia and Ukraine.
At the same time, the MARD will find solutions to diversify export markets, including markets that previously had imported much from Russia and Ukraine for items such as seafood, wood and furniture.
The MARD will work with enterprises importing input materials to discuss solutions to stabilize input prices for domestic agricultural production.
Along with that, it is necessary to strengthen the attraction of investment enterprises to be active in essential inputs for agricultural production, processing systems and agricultural logistics.
(seafood.vasep.com.vn) Vietnamese seafood exports recorded impressive growth, generating nearly 6 billion USD in revenue during the first six months of the year, up 13% compared with the same period last year.
(seafood.vasep.com.vn) Fishermen in Ha Tinh are gradually overcoming difficulties to maintain the efficiency of seafood exploitation. In the first six months of 2026, the entire province achieved a production of more than 23,000 tons of seafood, worth more than 1,200 billion VND.
(seafood.vasep.com.vn) June 2026 brought encouraging signs for Vietnam's tuna exports, with export value rising 20% year-on-year to nearly USD 72 million. However, this increase has yet to offset the prolonged slowdown seen in key markets such as the European Union (EU), where import demand remains weak. The outlook for the second half of the year is expected to become more challenging as freight rates continue to climb.
(vasep.com.vn) As part of the Vietnam Fisheries International Exhibition (Vietfish 2026), the Vietnam Association of Seafood Exporters and Producers (VASEP), in collaboration with the Agency for Domestic Market Management and Development under the Ministry of Industry and Trade, will organize the Domestic Seafood Supply–Demand Matching Program on the morning of August 20, 2026, at the Saigon Exhibition and Convention Center (SECC), Ho Chi Minh City. The program aims to foster direct business connections between Vietnamese seafood producers and processors and domestic distributors, retailers, and foodservice channels.
(seafood.vasep.com.vn) The Cooking Show will be one of the most engaging experiential highlights of Vietfish 2026. Taking place over three days, from August 19–21, 2026, at Hall B1, SECC, Ho Chi Minh City, the event will offer visitors a vibrant culinary space where Vietnamese seafood is showcased through its flavors, stories, and real-life culinary applications.
(seafood.vasep.com.vn) Vietnam's pangasius exports reached USD 205 million in June 2026, up 5% compared with the same month in 2025. Cumulative export value for the first six months of the year totaled USD 1.1 billion, an increase of 12% year-on-year. Growth was primarily driven by strong demand from China and CPTPP markets, while exports to the United States and Brazil continued to decline.
(seafood.vasep.com.vn) In the first six months of 2026, Ha Tinh province continued to implement comprehensive solutions to combat IUU fishing; strictly manage the fishing fleet, control fishing vessels entering and leaving ports, operate vessel tracking devices, trace the origin of seafood, and severely punish violations.
(seafood.vasep.com.vn) Vietnam's tilapia exports reached USD 7 million in June 2026, down 32% compared with the same month in 2025. Nevertheless, thanks to strong growth in the first five months of the year, cumulative tilapia exports in the first half of 2026 totaled USD 69 million, up 67% year on year.
(seafood.vasep.com.vn) Sa Giang Import-Export Joint Stock Company, a member of the Vietnam Association of Seafood Exporters and Producers (VASEP), has been honored with the "Famous Brand - Competitive Vietnamese Brand 2026" certification at an award ceremony organized by the Vietnam Intellectual Property Association (VIPA).
(seafood.vasep.com.vn) China imported nearly $1.4 billion worth of Vietnamese seafood in the first half of the year, a 40% increase compared to the same period last year, surpassing the US to become the largest export market for the industry.
VASEP - HIỆP HỘI CHẾ BIẾN VÀ XUẤT KHẨU THỦY SẢN VIỆT NAM
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