The above results indicate that Vietnam's seafood industry has the ability to recover quickly, with many seafood suppliers having successfully redirected business strategies towards retail and e-commerce channels to strengthen connections and expand customers.
Setting high growth goals
After a strong revival in the first quarter of 2022, CL-FISH CORP recently submitted its business plan 2022 with the targets simultaneously accelerating. Accordingly, net revenue is expected to reach 1,450 billion VND, up 20% and pre-tax profit is expected to reach 200 billion VND, 4 times higher than the previous year.
Similarly, according to Mr. Le Thanh Thuan, Chairman of IDI CORP, the company set a target of net revenue of 8,300 billion VND, up 45% over 2021, and profit after tax of 900 billion VND, 6.3 times higher than the same period last year.
Currently, IDI has signed enough export orders until the end of the second quarter of this year. At the same time, a stockpile of up to 1,400 billion VND of cheap pangasius (17,000-18,000 VND/kg) has also been prepared, especially in two big markets Mexico and Brazil.
Mr. Ong Hang Van, Deputy General Director of TG FISHERY admitted that besides the China market which faced many difficulties due to the Zero Covid policy, other markets like the EU, the US... all grew well with an increase of 30%.
Meanwhile, other large enterprises such as FIMEX VN or VINH HOAN CORP, are also planning double-digit growth in profits. Ms. Nguyen Ngo Vi Tam, General Director of VINH HOAN CORP, said that the capacity of factories has returned to the level before the Covid-19 outbreak.
However, besides opportunities, seafood exporters also face some challenges. Firstly, sea freights are currently still higher than last year's peak and are expected to continue to increase sharply.
In addition, the complicated weather due to climate change and the shortage of water supply to the Mekong Delta region can also affect the supply and input prices of raw materials for the shrimp industry. The feed price has continuously increased since last year, pushing up the cost of raising fish, which may also make businesses unable to meet customer demand.
Moreover, despite a large number of orders, many seafood processing factories in the Mekong Delta region face a serious shortage of labor. “Currently, all localities have industrial zones with many textile and garment factories; therefore, workers have many options. Along with that, working in the seafood industry is considered quite difficult, so many workers have switched to other occupations. This makes recruitment even more challenging," said Mr. Ong Hang Van.
In the second quarter of this year, Vietnam's seafood exports are expected to continue to increase. In which, pangasius may increase by more than 50% compared to the same period of 2021. Therefore, the demand for labor will continue to increase in the near future.
Taking advantage of opportunities
According to the Ministry of Industry and Trade’s assessment, in the first quarter of 2022, seafood exports achieved the highest results compared to the first quarter of every year so far, signaling a year of seafood export with many growth prospects. However, in the coming time, Vietnam's seafood export is likely to slow down because the global seafood consumption demand may decelerate due to the impact of inflation and the difficulty in transportation.
It is forecasted that although seafood exports in April will continue to be affected by the Russia-Ukraine conflict, there will still be growth momentum in major markets such as the US and EU as trade activities have returned to normal. Therefore, seafood exports in April are expected to maintain a growth rate of 25%, reaching 934 million USD. Accordingly, pangasius exports will still increase by 80% and shrimp up 20%, tuna up 18%, cephalopod up 25%...
According to the Ministry of Agriculture and Rural Development, the demand for seafood products is very high. Therefore, the agricultural sector is directing localities to ensure the supply of seafood materials for processing and exporting.
Regarding businesses, now this is an opportunity for businesses to restore production and increase sales. This is also the time when businesses can take advantage of the EVFTA and UKVFTA, which can help them promote all items in the markets.
According to Mr. Truong Dinh Hoe, General Secretary of VASEP, more than 85% of the export volume of enterprises currently depends on the ports of Ho Chi Minh City and Vung Tau, the rest goes through the border gates in the North and the Central region. With a large number of exported seafood products in the Mekong Delta, besides logistics, the difficulty that enterprises are most concerned about is the cost of transporting export goods.
Besides the cost of containers, businesses demand an effective solution to reduce the cost and time of transporting goods from the Mekong Delta provinces to export ports. If there is an efficient port system, this will help significantly reduce costs for businesses.
Compiled by Phuong Linh
(seafood.vasep.com.vn) The year 2026 marks a period of strong growth for Vietnam’s tilapia industry, but it is also a time when international export competition is becoming increasingly intense. Vietnam’s tilapia exports reached USD 99 million in 2025, up 140% compared to the previous year. In the first four months of 2026 alone, export value reached USD 49 million, a 151% increase year-on-year. As global demand for affordable whitefish continues to rise, Vietnam is emerging as a noteworthy competitor to traditional tilapia powerhouses such as China, Indonesia, Brazil, and Egypt.
(seafood.vasep.com.vn) With continued policy support, technological innovation and close coordination among authorities, businesses and farmers, Vietnam’s pangasius industry is expected to make a strong and sustainable breakthrough during the 2026–2030 period, reinforcing its position as the world’s leading exporter of the fish.
(seafood.vasep.com.vn) During the first four months of 2026, Vietnam’s tilapia exports to Asian markets showed varying trends across regions and countries. The Middle East recorded strong growth, with Saudi Arabia emerging as the largest Asian market for Vietnamese tilapia. ASEAN markets also expanded significantly, driven primarily by Malaysia. Meanwhile, Japan maintained solid growth, while exports to South Korea declined compared to the same period in 2025.
(seafood.vasep.com.vn) Shrimp and pangasius continued to lead growth, helping seafood exports reach $4.67 billion in the first five months of the year; however, differentiation among product groups and increasingly stringent requirements from importing markets are posing many challenges for the industry.
(seafood.vasep.com.vn) Every day, the seafood processing industry in Ca Mau generates large quantities of shrimp heads and shells during processing operations. In the past, these by-products were largely treated as waste, increasing production costs and posing potential environmental risks. However, thanks to advanced processing technologies, materials once considered waste are now being transformed into high-value products, creating a circular economy model within the seafood industry.
(seafood.vasep.com.vn) Vietnam Clean Seafood Corporation has invested in a 280-hectare super-intensive shrimp farming zone in Tran De Commune, Can Tho City, generating export value of approximately VND 3 billion per hectare per year—around 50 times higher than traditional agricultural production.
(vasep.com.vn) Vietnam’s seafood exports reached USD 1.02 billion in May 2026, up 0.6% year-on-year. Cumulative exports in the first five months of 2026 totaled USD 4.67 billion, an increase of 11% compared to the same period in 2025.
(seafood.vasep.com.vn) In a rapidly changing global seafood market, timely insights and reliable data are more critical than ever. The Report on Vietnam Seafood Exports in Q1/2026 provides a comprehensive overview of the latest developments in Vietnam’s seafood production, trade performance, and export trends, helping businesses navigate uncertainty and identify new growth opportunities.
(seafood.vasep.com.vn) While many major markets continue to experience slow growth, Russia has emerged as a brighter destination for Vietnamese tuna exports in early 2026. Export turnover to this market increased by nearly 55% in the first four months of the year, indicating a clear improvement in demand. Nevertheless, Russia remains a market that should be viewed with both optimism and caution.
(seafood.vasep.com.vn) Vietnam’s pangasius exports have shown encouraging signs of recovery in 2026. In the first four months of the year, total export turnover reached USD 720 million, up 17% compared to the same period last year. This result reflects improving demand across many markets, as well as the efforts of Vietnamese pangasius enterprises to maintain production, secure orders, and adapt to changing market conditions.
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