Strong Export Growth from the Beginning of the Year
According to statistics from Vietnam Customs, Vietnam’s tuna exports to Russia reached USD 18 million in the first four months of 2026, up 55% compared to the same period last year and significantly higher than the levels recorded during the corresponding periods of the previous two years.
Monthly export data show relatively steady growth. This increase was not driven by a single exceptional month but was distributed more evenly throughout the first four months of the year. This is an encouraging sign, suggesting that demand from Russia is becoming more stable rather than being fueled solely by short-term purchasing orders.
Russia Is No Longer Just a Secondary Market
Looking back over the past two years, Russia has gradually evolved from a supplementary market into a destination that deserves closer attention within Vietnam’s tuna export portfolio.
At a time when some traditional markets continue to face challenges related to consumer demand, pricing pressure, and stringent technical requirements, the rapid growth in exports to Russia has provided Vietnamese exporters with additional opportunities to diversify their sales channels.
Importantly, this growth has emerged at a time when businesses are seeking markets with stronger purchasing capacity. Although Russia is not yet among the largest tuna markets for Vietnam, its growing significance is becoming increasingly evident.
Real Opportunities, But Not Easily Captured by Everyone
Russia remains a market with substantial demand, particularly for products that are convenient, competitively priced, and easy to distribute. This creates opportunities for frozen tuna, tuna loins, and standardized processed tuna products.
For Vietnamese exporters, these are product segments that can be effectively developed, provided they are able to maintain consistent supply and stable quality standards.
However, opportunities do not automatically translate into long-term business relationships. The Russian market remains sensitive to factors such as pricing, payment mechanisms, logistics, and broader trade-related uncertainties.
In other words, companies may be able to secure sales, but retaining customers requires a more disciplined approach—ensuring reliable deliveries, competitive pricing, and effective risk management.
The Challenge Is Not Just About Increasing Sales
A nearly 55% increase during the first four months of 2026 is undoubtedly a positive development. However, the more important question is not simply how much exports increase, but how that growth is achieved.
If growth relies heavily on short-term orders or aggressive expansion strategies, risks may emerge quickly whenever market conditions change.
Therefore, in the Russian market, a gradual and sustainable growth strategy may be the most appropriate approach. Exporters should focus on products with strong market acceptance, maintain stable supply chains, and carefully manage commercial and operational risks.
Russia Could Become a Key Growth Pillar in 2026
Russia is currently one of the fastest-growing markets for Vietnamese tuna in 2026. While it is unlikely to replace the role of all major export destinations, it has the potential to become an important growth pillar for the industry.
As global tuna markets continue to show divergent trends, Russia may help Vietnamese exporters maintain sales momentum and create additional opportunities for market expansion. The key will be identifying the right product segments, timing market entry effectively, and maintaining flexibility in addressing the considerable risks that remain associated with this market.
(seafood.vasep.com.vn) Vietnam’s seafood exports are heading towards $12 billion this year, potentially the highest level on record. Yet one of the country’s export strengths is facing a growing list of challenges.
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(vasep.com.vn) As part of the Vietnam Fisheries International Exhibition (Vietfish 2026), the seminar "Global Seafood Market and the Future Workforce: Trends, Opportunities, and Sustainable Development Pathways for Vietnam's Seafood Industry" will take place from 2:00 p.m. to 4:15 p.m. on August 19, 2026, at Convention Room B, Level 2, SECC, Ho Chi Minh City. This is the first of five specialized seminars at Vietfish 2026, focusing on key issues that are shaping the long-term development of Vietnam's seafood industry.
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(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.
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