The ban is valid from August 6 and will last for one year.
To meet the shortfall of banned foodstuffs for its more than 140 million population, Russia is now actively seeking alternative sources of supply, reports the Vietnam Trade Office in Russia.
Vietnamese business strengths lie in the production of fruit, vegetables, meat and agricultural products and Russian businesses are desirous of expanding cooperation for these items, Phan Quang Niem, Trade Counsellor to Russia says.
He states that Russia is enhancing imports from former Soviet Union countries and actively working with Latin American nations to import seafood, fruit and vegetables Vietnamese businesses should not miss out on this golden opportunity to prosper.
The Moscow Ministry of Industry and Trade is working with the Vietnamese Trade Office on measures to increase cooperation between the two nations and facilitate Vietnamese businesses stepping up operations in Russia, Niem said.
Vietnamese Entrepreneurs’ Association Vice Chairman Duong Hai An in Russia and Director General of the Volga-Viet Company, said taxes on Russian agriculture is very low, even at zero, which benefits Vietnamese businesses.
Currently, Volga-Viet cultivates on 80 ha, but its fruit and vegetables have not been enough for the market in the past. The Russian ban on food imports provides Volga-Viet a great opportunity to expand cultivation to supply agricultural products to Volgograd, Moscow and some other localities.
An said the crisis in relationship between Russia and Western countries will not be resolved over night. It is time for Vietnamese businesses in Russia and at home to seize the opportunity to penetrate the Russian market.
Phan Van Hau, a Vietnamese businessperson in Tambov province, said his company specialises in garments, however, the Russia embargo affects European countries and in turn negatively affected his exports.
His company is now planning on grasping the opportunity and invest in agriculture.
Market analysts are saying that Russia offers huge opportunities for Vietnamese businesses, especially with negotiations for a free trade agreement between Vietnam and Customs Union (Russia, Kazakhstan and Belarus) coming to an end.
In addition to objective factors like the great geographic distance between the two countries, lack of information about trading customs and support from local authorities, the passiveness of Vietnamese is the significant issue.
Niem underscored the point that businesses need to be proactive in accessing the market. If they want to boost exports to the market they should accelerate trade promotion activities through attending seminars, fairs, exhibitions and seeking partners.
In addition, ministries should support businesses, he adds.
Bilateral trade and investment relations have seen rapid growth over the past years hitting nearly US$1.76 billion in the first half of this year, according to Russian Customs.
Russia ranks the 18th largest foreign investor in Vietnam with 97 projects valued at US$2 billion. Vietnam has also pumped US$2.4 billion into 17 Russia-based projects.
(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.
(seafood.vasep.com.vn) In the first three months of 2026, Vietnam’s exports of fish cake and surimi reached USD 63 million, down 5% compared to the same period last year. Although total export value declined slightly due to decreases in some key markets, many other destinations continued to post strong growth, opening up room for this convenience-oriented processed segment in the coming quarters.
(seafood.vasep.com.vn) Favorable weather conditions in the early months of 2026 have brought encouraging signs for fisheries activities in Quang Tri. Output has grown steadily, contributing to improved livelihoods for local residents.
Entering 2026, Vietnam’s seafood industry is facing a period of both high expectations and mounting pressures. Following the positive recovery in 2025, production and export activities in Q1/2026 demonstrated the strong adaptability of Vietnam’s seafood business community amid continued global trade volatility, intensifying international competition, and increasingly stringent compliance requirements in import markets.
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