Tran Yen lost nearly VND300 million (US$19,000) in his first attempt to raise freshwater salmon, a highly prized gourmet fish. In his first year of operation, 3,000 young fish unexpectedly died. Despite his lack of experience, Yen was determined to continue. The 54-year-old was the first farmer to try this business in northern After seeing salmon farming in Sapa, 20km from his home province, Yen was convinced of the potential of fish farming. "Most farmers in the area were involved in forestry and raised cattle, which earned them about VND30-40 million ($1,800-2,500) per year. I wanted to try something more profitable, and thought that fish farming was suitable, as we have a good climate and cheap labour in With an initial loan of VND100 million ($6,200) from the Lai Chau Social Policy Bank, Yen started building reservoirs and buying fish fry in late 2005. However, it was not all smooth sailing for Yen, "My first 3,000 fish died due to unusually hot weather and my lack of experience," he says. "Salmon are temperamental fish and require water to be between 18-20 degree Celsius – and fish feed must be imported from "It was my first time fish farming. I learnt from books, friends and training courses, but that was not enough, I had to explore other techniques," he said, and added "Weather conditions, water quality, and fish feed are the main factors in whether or not you can successfully raise salmon. After my first failure, I went to His efforts paid off, in 2007, Yen raised 40 tonnes of salmon, earning VND6billion ($375,000). Yen expects to produce between 80-90 tonnes this year, doubling profits. Yen said a kilogram of salmon is sold for between VND200,000-300,000 ($12.5-18.7), bringing him VND150 million ($9,400) per month. His products are mainly consumed in northern areas, particularly Ha Noi, Lai Chau, Hai Phong and Dien Bien. "I want to invest more, as supply does not meet demand, I cannot fulfil orders from many customers in Ha Noi, Hai Phong and even Yen plans to build a $100,000 seafood processing factory in response to growing demand from local consumers. There is demand for 1,500 tonnes of salmon per year, but domestic producers can only supply 200 tonnes. Apart from Lai Chau, salmon are also raised in Sapa, Cao Bang and "Salmon raising provides a stable income, I hope to share my experience so other farmers can get involved in this business. Apart from knowledge, capital is also crucial, it is not easy for a farmer to invest the VND100 million ($6,200) needed." Yen says. Yen has also started raising sturgeon, which can fetch VND500,000-600,000 ($31-37) per kilogram. His farm employs 100 local workers who are paid an average VND2 million ($125) per month. Loans for the poor Yen is one of many who have benefited from the credit programme initiated by the Lai Chau Social Policy Bank. By the end of June, the bank had provided loans worth VND103 billion ($6,4 million) to local households. "Bank officials help us a lot, and often come to our farms to check everything is going smoothly," Yen says. To improve access to loan facilities, the bank simplified loan procedures, offered on-site consultancy services. The bank has set up 81 offices around the province, particularly in remote and mountainous areas.
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.
(vasep.com.vn) The global tilapia market continues to grow, creating significant opportunities for countries with strengths in aquaculture, processing, and exports. Against this backdrop, Vietnam’s tilapia industry is gradually developing toward higher quality, greater product diversification, and broader market reach. At Vietfish 2026, the Vietnam Association of Seafood Exporters and Producers (VASEP), together with the VASEP Tilapia Producers and Exporters Club, will host a joint booth to promote the image and potential of Vietnamese tilapia to domestic and international buyers.
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