Strategic partnership for sustainability
The agreement between UOB Vietnam and Navico goes beyond a mere financial transaction; it reflects a strong commitment from both parties to advance the aquaculture industry sustainably. Through this green trade credit, UOB Vietnam supports Navico in optimizing its supply chain, investing in renewable energy, and implementing circular economy initiatives. This aligns with Navico’s long-term strategy to achieve Net Zero goals and reinforce its leadership in the sustainable seafood sector.
Mr. Doan Toi, General Director of Navico, emphasized: “Sustainable development is the guiding principle for all our activities. Our partnership with UOB Vietnam enables us to enhance ESG (Environmental, Social, and Governance) standards while driving further investment in green solutions.” Currently, Navico manages over 1,100 hectares of farming areas, with 600 hectares utilizing advanced technology, forming Vietnam’s largest closed-loop pangasius supply chain – from breeding to export-ready products.
The role of green financing
Vietnam ranks as the world’s third-largest seafood exporter, achieving a trade value of 10 billion USD in 2024, a 12.7% increase from the previous year. Pangasius alone contributes approximately 2 billion USD. However, the increasingly stringent sustainability standards of international markets require companies like Navico to adapt to maintain their competitive edge. Green financing from UOB Vietnam not only provides capital but also serves as a foundation for Navico to meet rigorous ESG criteria, such as those outlined by the Asia Pacific Loan Market Association (APLMA).
Mr. Lim Dyi Chang, Head of Wholesale Banking at UOB Vietnam, stated: “Vietnam is steadily establishing its role in the global sustainable food supply chain. Our collaboration with Navico demonstrates our shared commitment to promoting green growth.” Since 2021, UOB Vietnam has partnered with Navico on projects such as rooftop solar installations, helping the company reduce costs and carbon emissions.
Future vision
This partnership benefits not only Navico but also contributes to the sustainable development of Vietnam’s seafood industry. With UOB Vietnam’s support, Navico is accelerating its roadmap to achieve environmental goals while enhancing its global competitiveness. This collaboration underscores how green financing is becoming a vital catalyst, enabling Vietnamese businesses to adapt and thrive in a world increasingly focused on sustainability.
(seafood.vasep.com.vn) In March 2026, Vietnam’s tilapia exports recorded strong growth, reaching USD 15 million, up 109% compared to the same period in 2025. Cumulatively, in the first three months of 2026, export value reached USD 38 million, an increase of 174% year-on-year. This result highlights the sector’s robust expansion and reflects rapid growth across multiple markets.
(seafood.vasep.com.vn) In March 2026, Vietnam’s pangasius export value reached USD 182 million, up 1% compared to the same period in 2025. Cumulatively, exports in the first three months of 2026 totaled USD 514 million, an increase of 17% year-on-year, indicating that the growth momentum is being maintained despite signs of slowdown in some markets during March.
(seafood.vasep.com.vn) During peak heat periods, farmers raising pangasius, tilapia, and other freshwater fish in Dong Thap are implementing various technical measures to reduce risks and maintain stable production.
(seafood.vasep.com.vn) Japan continues to be one of Vietnam’s most important and stable shrimp markets. In recent years, shrimp exports to this market have fluctuated in line with Japan’s broader economic and consumption cycles, yet Japan remains a major, high-value destination with stringent standards.
(seafood.vasep.com.vn) In 2025, Vietnam’s tuna exports to Spain increased by 13% compared to 2024. This growth trend has continued into the first two months of 2026. According to Vietnam Customs statistics, export turnover to this market reached nearly USD 3 million in January–February 2026, up 101% year-on-year and significantly higher than the same period in 2024. This development indicates that Spain is once again becoming a notable destination for Vietnamese tuna amid strong demand for tuna raw materials and products in Europe.
(seafood.vasep.com.vn) The 2026 brackish water shrimp farming season in the Mekong Delta has started earlier than usual, mainly driven by positive market signals, as shrimp prices in 2025 remained high and supply was limited. Many enterprises and farms in Cần Thơ, Cà Mau, and Vĩnh Long have proactively stocked early to seize opportunities. By early 2026, stocking areas in many localities had reached a high proportion of planned targets, with intensive and high-tech farming models expanding rapidly.
(vasep.com.vn) Vietnam’s tilapia exports to the United States recorded remarkable growth in 2025, opening up major opportunities while also presenting considerable challenges. The U.S. remains the largest importer of Vietnamese tilapia fillets, with export turnover reaching USD 40 million—an increase of up to 499% compared to 2024. This impressive growth reflects strong demand in the U.S. market, as supply from competing countries such as China has been constrained by tariffs and rising production costs.
(seafood.vasep.com.vn) Pangasius remains a strategic export commodity in Vietnam’s seafood sector. Entering 2026, the industry faces a strong need to transition from volume-based growth to a value-driven development model, with a focus on quality, food safety, and sustainability.
(seafood.vasep.com.vn) Following damage caused by Storm No. 13 in late 2025, brackish water shrimp farming in Gia Lai is being rapidly restored. In key farming areas such as Tuy Phước and Tuy Phước Đông, farmers are focusing on rehabilitating ponds, repairing infrastructure, and treating the environment in preparation for the 2026 crop.
(seafood.vasep.com) Facing the decline in fishery resources, Vietnam is accelerating livelihood transitions for fishermen to reduce fishing pressure and move toward sustainable development. Marine fish stocks have dropped significantly from 4.82 million tons in 2000–2005 to 3.95 million tons in 2016–2020.
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