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 pangasius exports to Japan are showing positive signals in 2026, indicating that the market is opening up greater opportunities for pangasius products, particularly processed and value-added products. In the first seven months of 2026, Vietnam’s pangasius exports to Japan reached US$31 million, up 20% year-on-year. In July alone, export value reached approximately US$5 million, up 30%.
On July 22, 2026, the Government issued Decree No. 292/2026/ND-CP detailing certain articles and providing measures for the organization and implementation of the Law on Foreign Trade Management. The Decree takes effect on September 5, 2026, replacing Decree No. 69/2018/ND-CP.
(vasep.com.vn) Vietnamese pangasius producer Vinh Hoan has won the top prize at the 2026 Seafood Excellence Asia Awards for its Cured Panga Croquette, highlighting the growing potential of value-added pangasius products in international markets.
(vasep.com.vn) The Global Shrimp Forum (GSF) 2026 is taking place from September 1–3 in Utrecht, the Netherlands, bringing together around 585 delegates from 40 countries, representing approximately 300 companies and organizations across the shrimp supply chain. Representatives from VASEP are attending the event as part of the Vietnamese delegation, strengthening connections with partners across the global shrimp industry.
(vasep.com.vn) At the international B2B seminar (Hosted Buyer Program) held as part of Vietfish 2026, Mr. Nguyen Hoang Pham, Sales Director of Tai Kim Anh Seafood Processing Joint Stock Company, delivered a presentation entitled “Vietnam’s Shrimp Industry: Changing for Sustainability.” From the perspective of a seafood processor, the presentation highlighted that Vietnam’s shrimp industry continues to play a leading role in seafood exports, but is entering a new phase of competition in which change is no longer an option, but a prerequisite for growth.
(seafood.vasep.com.vn) VIETFISH 2026 may have concluded after three dynamic days in Ho Chi Minh City, but conversations around the exhibition continue to resonate across international trade media, industry organizations, and the social media channels of participating companies.
(seafood.vasep.com.vn) Vietnam’s tilapia industry is maintaining strong growth momentum, with significant room for further expansion in the coming years. In 2025, total tilapia production reached approximately 420,000 tonnes, up 33% from 2024 and 2.2 times higher than in 2015. During 2015–2025, production grew at an average annual rate of around 8.4%. As production and exports continue to expand, food safety control is receiving increasing attention to ensure product quality, meet the increasingly stringent requirements of international markets, and provide a foundation for the sustainable development of Vietnam’s tilapia industry.
(seafood.vasep.com.vn) On the afternoon of August 19, 2026, as part of the Vietnam International Seafood Exhibition – Vietfish 2026, the Hosted Buyer Program continued with the seminar “Vietnam Seafood Outlook 2026–2027: A Strategic Sourcing Destination,” followed by 1-to-1 B2B meetings between international buyers and Vietnamese seafood businesses.
(seafood.vasep.com.vn) Speaking at the Opening Ceremony of VIETFISH 2026 on August 19 at the Saigon Exhibition and Convention Center (SECC), U.S. Consul General Melissa Brown highlighted the important role of the exhibition in connecting Vietnam’s growing seafood industry with buyers, suppliers, and partners from the United States and around the world.
(vasep.com.vn) Tomorrow, August 19, 2026, the Vietnam International Seafood Exhibition – Vietfish 2026 will officially open at the Saigon Exhibition and Convention Center (SECC) in Ho Chi Minh City. Taking place over three days, from August 19–21, Vietfish 2026 promises to provide a dynamic platform for business networking, trend updates, product experiences and comprehensive cooperation across the domestic and international seafood community.
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