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.
(seafood.vasep.com.vn) The year 2025 marked a pivotal milestone for Vietnam’s seafood industry in its restructuring process toward sustainability, transparency, and higher value creation, amid continued uncertainties in the global economic and trade environment. Prolonged inflation in major economies, the rising trend of trade protectionism, and increasingly stringent requirements related to environmental standards, traceability, and social responsibility have posed significant challenges to seafood production and exports. Nevertheless, overcoming these pressures, Vietnam’s seafood sector has gradually demonstrated its adaptability, maintained growth momentum, and laid an important foundation for the next stage of development.
(seafood.vasep.com.vn) Amid the increasingly evident impacts of drought and saltwater intrusion, the shrimp-rice production model in Ca Mau province continues to prove itself as a viable direction, contributing to higher farmer incomes, improved soil conditions and the promotion of ecological and sustainable agricultural development.
(seafood.vasep.com.vn) The management of fishing vessels, monitoring of fishing activities, and handling of violations in the fisheries sector in Lam Dong province have continued to be implemented in a synchronized and stringent manner, contributing to raising awareness of legal compliance among fishermen and aiming to end illegal, unreported and unregulated (IUU) fishing.
(seafood.vasep.com.vn) Can Tho’s fishery industry sustained steady growth in 2025 with total aquatic and marine output reaching nearly 783,000 tons, fulfilling 100% of the annual target. Aquaculture, capture fisheries and fishing fleet management were further strengthened, aiming for sustainable development in the coming years.
(seafood.vasep.com.vn) In 2025, Vietnam’s pangasius export turnover reached nearly USD 2.2 billion, up 8% year-on-year. This result indicates that pangasius exports maintained their growth momentum despite significant volatility in the global market environment. In December 2025, pangasius export value reached USD 200 million, up 10% compared to December 2024. This solid performance in the final month of the year reflects increased import demand for consumption and inventory replenishment in key markets.
(seafood.vasep.com.vn) In 2025, Vietnam’s tuna exports to Spain experienced significant fluctuations. According to Vietnam Customs, during the first 11 months of 2025, export turnover for the first 11 months of the year edged up by 0.3% year-on-year, reaching nearly $15 million.
(seafood.vasep.com.vn) Deputy Prime Minister Bui Thanh Son has signed Decision No. 16/QD-TTg, dated January 5, 2026, approving the implementation plan for the Vietnam-Israel Free Trade Agreement (VIFTA). Under the plan, in the coming period, ministries, ministerial-level agencies, government-affiliated entities and People’s Committees of provinces and centrally-run cities must institutionalize and execute tasks focused on the dissemination of information regarding VIFTA and the Israeli market; legislative and institutional development, as well as enhancing competitiveness and human resource growth...
(seafood.vasep.com.vn) Beyond achieving double-digit growth, Vietnam’s fish cake and surimi exports are showing a notable year-end "inflection point": the EU his accelerating with nearly twofold growth, China & Hong Kong are rising sharply, while the largest market, South Korea, signaled a slowdown in November. According to Vietnam Customs data, export turnover of fish cake and surimi reached $327 million in the first 11 months of 2025, up 22% year-on-year; November 2025 alone accounted for $35 million, marking a 5% increase. This serves as a critical foundation for exporters to reassess market structures and competitive intensity while finalizing order strategies for 2026.
(seafood.vasep.com.vn) Ca Mau, widely regarded as the nation’s “shrimp capital”, continued its strong performance in 2025 as shrimp output reached nearly 600,000 tons, maintaining its position as Vietnam’s leading shrimp-producing locality.
(seafood.vasep.com.vn) On December 29, 2025, at the 2025 Pangasius Industry Review Conference held in Can Tho City, the Vietnam Pangasius Association announced that fingerling prices have surged to record levels due to acute supply shortages.
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