According to data from Vietnam Customs, the value of tuna exports to Russia reached nearly USD 45 million in 2024—five times higher than in 2020—marking the highest level in the past decade. In just the first three months of 2025, tuna exports to Russia exceeded USD 10 million, up 15% compared to the same period in 2024.
Trade officials highlight that the current Vietnam–Russia relationship presents favorable conditions for economic and trade cooperation. The two economies are highly complementary: Vietnam imports Russian products for production and consumption, while Russia imports tropical agricultural products, seafood, and food from Vietnam.
Russia is also one of the top 30 tuna-importing countries globally. Its tuna imports have doubled over the past five years, reaching nearly USD 90 million in 2023, reflecting a steady increase in demand.
Many of the recent challenges in bilateral trade—such as transportation, payments, and travel for businesspeople—are being actively addressed. Vietnamese goods can be shipped directly to Russia via the Vladivostok–Hai Phong or Ho Chi Minh City sea routes, taking approximately 8–11 days. Alternatively, international rail transport through China and Kazakhstan to Moscow takes about 35–40 days.
For payments, businesses from both countries can conveniently use the Russian ruble and Vietnamese dong for bilateral trade. Additionally, Russia’s issuance of electronic visas allowing Vietnamese citizens a 15-day stay facilitates travel for trade purposes.
Vietnam and the Eurasian Economic Union (EAEU), of which Russia is a member, signed a Free Trade Agreement (FTA) in 2015, which took effect in October 2016. As a result, most traded goods between Vietnam and Russia enjoy zero or very low import tariffs. Vietnamese and Russian businesses are encouraged to take full advantage of this agreement to boost bilateral trade and investment.
To ensure stable and sustainable exports to Russia and avoid quality-related disputes, trade officials advise Vietnamese companies to thoroughly research and comply with Russian regulations regarding product quality, packaging, and labeling.
With a steadily growing demand for tuna and improving trade facilitation, Russia presents a valuable opportunity for Vietnamese tuna exporters to expand their market footprint.
(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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