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) Currently, Da Nang City has no fishing vessels detained, sanctioned by foreign authorities, or criminally prosecuted for IUU fishing violations. Patrols, monitoring of marine fishing activities, and handling of violations have been prioritized by competent forces, significantly reducing nearshore fishing infringements.
(seafood.vasep.com.vn) According to statistics from Vietnam Customs, Vietnam’s tuna exports to Israel in the first nine months of 2025 reached just over USD 27 million, down as much as 49% compared to the same period in 2024. This is a steep and prolonged decline for many consecutive months, reflecting changes in import demand as well as shifts in the supply structure of this market.
(seafood.vasep.com.vn) The first 700 tons of Vietnamese tilapia ordered and imported by JBS Group will initially be distributed through supermarket chains, the Horeca network and JBS’s product showrooms in Brazil.
(seafood.vasep.com.vn) In October 2025, Vietnam’s pangasius exports hit $217 million, representing an 8% increase compared to the same month in 2024. For the first 10 months of the year, total export value has surpassed $1.8 billion, up 9% year-on-year. This growth demonstrates clear positive momentum for the pangasius industry, despite continued declines in certain markets.
In recent days, the Central provinces of Vietnam have been suffering from historic flooding, with prolonged heavy rains, landslides, flash floods, and deep inundation causing extremely serious impacts on tens of thousands of households, as well as many VASEP member exporters located in the region. With the spirit of mutual support and solidarity, and in order to promptly assist residents and member exporters in the affected areas to stabilize their lives and restore production activities, VASEP calls on all seafood exporters, organizations, and individuals to extend supports to the people and member exporters in the flood-hit areas. We urge timely and practical material and spiritual contributions to help member exporters and local communities in the severely affected provinces overcome this difficult period.
(seafood.vasep.com.vn) In the final days of October 2025, Vietnam’s domestic raw shrimp market remained generally stable, though slight adjustments were recorded in several sizes across key farming regions.
(seafood.vasep.com.vn) Vietnam’s shrimp exports reached USD 498 million in October 2025, up 26% from the same period last year. This is one of the highest monthly revenues since the beginning of the year, reflecting solid demand in major markets and faster shipment schedules by exporters. From January to October, shrimp export value reached USD 3.9 billion, up 22% compared to the same period in 2024.
(seafood.vasep.com.vn) On October 31, 2025, the US Court of International Trade (CIT) officially issued an order to suspend the case filed by the National Fisheries Institute (NFI), the National Restaurant Association (NRA), and several US seafood companies against the US Government concerning the implementation of the Marine Mammal Protection Act (MMPA).
(seafood.vasep.com.vn) An Giang’s fisheries sector has maintained stable growth momentum during the first nine months of 2025, making an important contribution to the province’s socio-economic development. Despite facing numerous challenges, the province is implementing various measures to enhance production efficiency, expand markets, and promote sustainable fisheries development toward deeper integration into the global economy.
(seafood.vasep.com.vn) Vietnam’s pangasius export value in September 2025 reached USD 181 million, up 5% compared to the same period in 2024. The overall trend for the pangasius industry remains positive, with total exports in the first nine months of 2025 reaching nearly USD 1.6 billion, an increase of 9% year-on-year.
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
Giấy phép hoạt động Trang thông tin điện tử tổng hợp số 138/GP-TTĐT, ngày 01/10/2013 của Bộ Thông tin và Truyền thông
Tel: (+84 24) 3.7715055 – (ext.203); email: kimthu@vasep.com.vn
Trụ sở: Số 7 đường Nguyễn Quý Cảnh, Phường An Phú, Quận 2, Tp.Hồ Chí Minh
Tel: (+84) 28.628.10430 - Fax: (+84) 28.628.10437 - Email: vasephcm@vasep.com.vn
VPĐD: số 10, Nguyễn Công Hoan, Ngọc Khánh, Ba Đình, Hà Nội
Tel: (+84 24) 3.7715055 - Fax: (+84 24) 37715084 - Email: vasephn@vasep.com.vn