Surimi and fishmeal are typical industry sectors that engage the circular economic chain within the seafood industry. These sectors not only creates jobs for farmers, fishermen and local people, but also contributes significantly to the country's fisheries economy and overall livestock production.
The surimi production and export industry is growing strongly due to its cost-effectiveness and popular use as an important ingredient in a number of dishes, especially in Asian cuisine. In addition, consumers favor surimi because of its high nutritional value and favorable shelf life.
In the past 5 years, each year Vietnam earned 300-420 million USD from exported surimi products, including marine fish surimi and pangasius surimi, accounting for 4-5% of Vietnam’s total seafood export turnover. Among hundreds of frozen, processed, fresh, live, dried seafood products, surimi is a segment having enormous potential for further development because of domestic fisheries’ characteristics and increasing global consumption.
The fishmeal product group occupies an important position in the specific animal feed production industry. Aquaculture activities (both in Vietnam and globally) in recent years have exhibited growth in both farming areas and output. Demand for aquatic feed is increasing rapidly and this trend is expected to continue to in the next few years. Therefore, fishmeal - one of the main sources of raw materials for the production of animal feed, especially aquaculture - also increased significantly.
Vietnam annually produces 530-540 thousand tons of fishmeal , of which 200-280 thousand tons are exported, including fishmeal produced from marine fish and from by-products of pangasius. Vietnam also imports 130-140 thousand tons/year of fishmeal with high protein content. In terms of value, in the first 10 months of 2023, 108 million USD of fishmeal were exported while imported totaled at about 89 million USD. This year, Vietnam's fishmeal export turnover is estimated to reach 120-130 million USD, with imports expected to be about 100-110 million USD.
While positioned as an important industry group with large room for development, there are increasingly specific requirements related to the environment, IUU control, and sustainability certification to maintain a prominent role in the industry’s circular economy.
With the aim of cooperating, supporting each other to improve the value and quality of Vietnam’s surimi and fishmeal products, cooperating closely for mutual benefit in the implementation of issues related to raw materials, quality, environmental responsibility, social responsibility, markets, barriers and policies, on 22 December 2023 Vietnam Association of Seafood Exporters and Producers (VASEP) organized the “Surimi and Fishmeal Industry Conference - Establishment of the VASEP Surimi and Fishmeal Business Club”.
The club operates as part of the VASEP Marine product Committee under Vietnam Association of Seafood Exporters and Producers (VASEP), functioning according to VASEP’s general regulations of and the club's specific regulations. Its members can participate in all relevant activities of VASEP in general and of the club in particular.
In addition to regular activities such as accessing VASEP's market information channels, providing feedback, and recommendations on policy regulations, participating in conferences, seminars, and training programs, club members will also join international forums and international fairs to improve competitiveness and deeper integration such as: IFFO's annual conference and fairs related to surimi and fishmeal; North Atlantic Seafood Forum (NASF), China Animal Feed Industry Exhibition, Vietnam Fisheries International Exhibition (Vietfish), international seafood fairs (Spain, Boston, Qingdao-China, Japan...).
With internal advantages in raw materials from marine fishing, aquaculture and pangasius processing by-products, VASEP Surimi and Fishmeal Business Club will strongly promote the industry’s economic development and local economies, as well as creating jobs and livelihoods for farming and fishing communities in various localities.
With the primary objective of collaborating, sharing, and supporting each other to promote sustainable development within the surimi and fishmeal industries, VASEP Surimi and Fishmeal Business Club is committed to always pioneer circular economy development, sustainable development of seafood supply chains through strict compliance with environmental, labor, social responsibility regulations, especially regulations against illegal, unreported and unregulated (IUU) fishing.
(seafood.vasep.com.vn) According to the 2026 brackish-water shrimp farming calendar issued by the Da Nang Department of Agriculture and Environment, the 2026 crop started in early January and is expected to harvest in late June. However, stocking progress has been slower than planned as farmers remain cautious, focusing on pond renovation and production preparations.
(seafood.vasep.com.vn) After the Lunar New Year of Binh Ngo 2026, commercial clam prices in Ha Tinh province surged sharply, nearly doubling compared to normal levels and standing about 20–30% higher than the same period last year. The spike has encouraged many aquaculture households to accelerate harvesting and sell large volumes to the market.
(seafood.vasep.com.vn) In January 2026, Vietnam’s shrimp exports reached USD 379.6 million, up 22% compared to the same period in 2025. The double-digit growth in the very first month of the year signals a relatively positive recovery in orders, particularly in Asian markets.
(seafood.vasep.com.vn) From the very beginning of 2026, India’s shrimp industry has received a series of favorable trade signals: U.S. reciprocal tariffs have been reduced, while the successful conclusion of a Free Trade Agreement (FTA) with the EU has opened prospects for eliminating nearly all seafood tariffs in the coming years. This shift not only enables Indian shrimp to quickly offset declines in the U.S. market, but also reshapes the global competitive landscape, placing greater pressure on Vietnamese shrimp exporters in terms of price, market share, and strategic positioning.
(seafood.vasep.com.vn) Entering 2026, Vietnam’s pangasius industry is recording many positive signals, both in terms of raw fish prices and export prospects. Export turnover this year is projected to reach approximately USD 2.3 billion. Amid ongoing volatility in the global market, diversifying export destinations, reducing dependence on major markets, and effectively leveraging free trade agreements (FTAs) are considered key to maintaining sustainable growth and creating new momentum for the pangasius sector.
(seafood.vasep.com.vn) With forecasts indicating that weather conditions in 2026 may become more complex—featuring prolonged heatwaves, unseasonal rains, and increased salinity intrusion—the agricultural sector of Can Tho City advises brackish water shrimp farmers to strictly follow the seasonal farming calendar and strengthen pond environmental management to minimize risks and improve production efficiency.
(seafood.vasep.com.vn) On February 4, a working delegation led by the Authority of Telecommunications (Ministry of Science and Technology) met with the Management Board of Cat Lo Fishing Port (Phuoc Thang Ward, Ho Chi Minh City) to comprehensively review the installation of Vessel Monitoring Systems (VMS), assess signal connectivity, and evaluate the effectiveness of information technology applications in fisheries management across the city.
(seafood.vasep.com.vn) The year 2025 marked a significant milestone for China’s lobster market, with total imports reaching a record high and the supply structure undergoing major changes. Amid this surge, Vietnam’s lobster exports—especially green lobster—accelerated dramatically, reaching new highs and contributing substantially to Vietnam’s overall record shrimp export value.
(seafood.vasep.com.vn) With a range of synchronized solutions, from institutional improvements and strengthened communication to strict fleet control, Quang Ninh is stepping up efforts to combat illegal, unreported and unregulated (IUU) fishing, determined to join the country in soon having the European Commission’s (EC) “yellow card” lifted.
(seafood.vasep.com.vn) The year 2025 closed with a remarkable milestone for Vietnam’s shrimp industry. According to Vietnam Customs, the country’s total shrimp export turnover in 2025 reached USD 4.6 billion, up 19% compared to 2024 and the highest level ever recorded.
VASEP - HIỆP HỘI CHẾ BIẾN VÀ XUẤT KHẨU THỦY SẢN VIỆT NAM
Chịu trách nhiệm: Ông Nguyễn Hoài Nam - Phó Tổng thư ký Hiệp hội
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