Earlier this year, there were 5 Vietnamese enterprises participating in exporting pangasius to the Russian market. However, in January 2022, the export value of pangasius to this market reached US$2.18 million, down 29.8% over the same period in 2021.
In 2021, the Covid-19 epidemic had a positive impact, causing a sharp increase in the demand for importing Russian frozen pangasius fillets from Vietnam. In 2021, Vietnam was one of the three largest suppliers of white fish products to Russia (after Argentina and China). Vietnam is a unique market supplying frozen pangasius to Russia. Until now, Vietnamese pangasius enterprises still consider Russia as a market with great potential and great demand.
Since the beginning of this year, especially after Russia opened a special military campaign in Ukraine, the situation of exporting Vietnamese pangasius to this market is temporarily interrupted and facing many difficulties.
As reflected by some large pangasius exporters to Russia, after Western countries introduced a series of financial sanctions targeting Russian banks, the ruble fell by nearly 30%, to the lowest level. so far against the USD, with the milestone of nearly 95 Rubles for 1 USD on March 1. Due to the strong depreciation of the ruble, many importers do not want to pay for their orders. The payment situation through banks of enterprises is almost paralyzed, some importers have accounts in other countries but the payment is not easy.
Currently, enterprises have temporarily stopped signing pangasius export orders to Russia, although many importers still want to continue cooperation without interruption.
Shipping lines have also announced not to accept shipping containers to Russia because of the very high risk that shipments may be detained at the Port of Rotterdam before reaching two major Russian seaports, Saint Petersburg and Vladivostok.
Moreover, currently, the price of raw pangasius in the Mekong Delta has increased to 32,000 VND/kg due to scarcity. Enterprises cannot buy raw materials due to the sharp increase in prices. Many other large markets are also in great demand to import pangasius, but factories do not have enough raw materials for processing, not to mention enough finished fish to be exported to Russia in the current context of war tensions.
(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.
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