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) Biofloc technology is being piloted in several rice–shrimp farming models in Ca Mau Province, showing initial positive results in controlling pond environments, improving shrimp seed quality, and supporting sustainable aquaculture development.
(seafood.vasep.com.vn) In the first four months of 2026, Mexico, Brazil, and Colombia together contributed USD 108 million to Vietnam’s pangasius exports, accounting for around 15% of the industry’s total export turnover. Amid tightening global whitefish supply and slowing demand in several traditional markets, Latin America is increasingly becoming an important expansion destination for the sector.
(seafood.vasep.com.vn) Alongside the development of high-tech shrimp farming, Ha Tinh Province is accelerating the cultivation of high-value freshwater aquatic species, with red tilapia emerging as an effective and sustainable farming model.
(vasep.com.vn) Vietnam’s tuna exports reached USD 81 million in April 2026, down 6% compared to the same period in 2025. In the first four months of the year, export turnover totaled USD 289 million, down 4.8%. Although the overall export picture has yet to brighten significantly, market trends are becoming increasingly diversified rather than moving in a single direction.
(seafood.vasep.com.vn) Vietnam’s pangasius industry is undergoing strong restructuring starting from the broodstock and fingerling segment in order to improve productivity, quality, and export competitiveness. This is considered a critical foundation for the sustainable development of the industry amid rising production costs and increasingly stringent market requirements.
(seafood.vasep.com.vn) According to Vietnam Customs data, pangasius exports in April 2026 reached USD 206 million, up 18% compared to the same period in 2025 — marking another consecutive month of double-digit growth since the beginning of the year. Cumulative pangasius export turnover in the first four months of 2026 reached USD 720 million, up 17% year-on-year, reflecting the positive growth momentum of this key export product.
(seafood.vasep.com.vn) Vietnam’s shrimp exports in the first four months of 2026 maintained positive growth momentum, reaching approximately USD 1.5 billion, up 15% compared to the same period last year. However, behind this result lies diverging trends across markets, as the global shrimp industry continues to face pressure from inflation, high inventories, price competition, and increasing trade risks.
(seafood.vasep.com.vn) In Vinh Tuy commune (Kien Giang Province), many shrimp farmers are adopting bottom aeration systems and reporting clear economic benefits, helping increase income and reduce production risks.
(vasep.com.vn) In the first three months of 2026, Vietnam’s exports of crabs and other crustaceans reached more than USD 93 million, up 23% compared to the same period last year. The result shows that the sector is experiencing a fairly positive recovery, especially in its two key product groups: crabs and swimming crabs. However, behind the growth figures are several concerns: export markets remain highly concentrated, raw material supply is unstable, and trade barriers from the US and EU are becoming increasingly stringent.
(seafood.vasep.com.vn) In Ca Mau province, many farmers are transitioning from traditional methods to high-tech shrimp farming, adopting recirculating systems with minimal water exchange to improve efficiency and reduce risks. In Hung My commune alone, there are about 260 super-intensive shrimp farming households covering more than 265 hectares, playing a key role in local economic development.
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
Đơn vị vận hành trang tin điện tử: Trung tâm VASEP.PRO
Trưởng Ban Biên tập: Bà Phùng Thị Kim Thu
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