The export value of seafood in the first 2 months of 2022 reached 1.5 billion USD, up 51%; pangasius particularly registers a strong growth rate of over 83% while that of shrimp is over 34%... The Vietnam Association of Seafood Exporters and Producers (VASEP) also claimed that seafood production and processing has almost recovered to normal as before the pandemic.
Market demand is extremely high, and businesses are inundated with orders. Because of the increase in domestic price of raw materials, farmers, fishermen, and businesses are actively producing and anticipating a prosperous year.
Hung Ca Co., Ltd. claimed that it had four frozen seafood processing plants with a processing capacity of 600 to 1,200 tons of raw fish per day to quickly recover production and sales after the COVID-19 pandemic. The firm now has a raft of orders and is making efforts to delivery on schedule.
From the first month of the year, shrimp exports rose by 43% on the corresponding period in 2021. Among exported shrimp products, the export value of processed black tiger shrimp experienced the most significant surge with 157%. The three largest shrimp import markets of Vietnam, including the US, Japan and the EU, all recorded optimistic growths.
As for Vietnam's largest shrimp import market which is the US, the good growth in this market has allowed Vietnam to maintain its 4th rank among the main shrimp suppliers for the US.
According to VASEP, despite the substantial increase in inflation in the US, shrimp demand is anticipated to surge this year as a result of US's economic stabilization policies. Not only shrimp, the US also promotes import of aquatic products from Vietnam such as: pangasius, especially tuna which increased more than 3 times.
Intensive shrimp farming area in Vietnam currently covers over 740,000 ha; with annual yield of over 900,000 tons/year. In particular, Vietnam's black tiger shrimp output surpassed 250,000 tons, ranking first in the world. Although shrimp area expanded by jusst about 1.5% per year, shrimp production increased sharply by 10%/year.
This factor proves the ongoing progress of the farming process, with a substantially larger output than previously. The prosperous market and sufficient production capacity will help Vietnamese shrimp products continue to affirm their position in other countries.
After 3 years of low prices, the price of raw pangasius has now reached from VND 27,000 - 30,000/kg. Currently, pangasius enterprises in the Mekong Delta are unable to meet orders delivery time.
Along with that, pangasius production in the chain has exceeded 87% and 100% of the farming area has been granted a code to aid in traceabikity, which will be an advantage for pangasius to quickly reach $ 2 billion this year.
According to Ms. To Thi Tuong Lan, Deputy General Secretary of VASEP, the major import markets of Vietnamese pangasius are seeing strong growth and high pricing. Pangasius exports in 2022 are forecasted to increase by 20-25% as compared to 2021.
Not only shrimp or pangasius, many other kinds of seafood including squid, octopus, crab, crab .... all recorded double-digit growth.
According to Mr. Ho Quoc Luc, Chairman of the Board of Directors of Sao Ta Food Joint Stock Company (Fimex VN), the market in 2022 will be largely determined by the COVID-19 pandemic situation.
Compiled by Khanh Linh
(vasep.com.vn) On November 11, 2026, in Can Tho, the Vietnam Association of Seafood Exporters and Producers (VASEP) will organize the Vietnam Seafood Summit 2026 (VSS 2026) under the theme “Seafood Market Outlook 2027–2029: Opportunities and Headroom for Double-Digit Export Growth.”
(seafood.vasep.com.vn) Business leader Do Ngoc Tai, General Director of Tai Kim Anh Seafood Processing Joint Stock Company, was honored by the Vietnam Chamber of Commerce and Industry (VCCI) with the title “Outstanding Vietnamese Entrepreneur – Thanh Giong Cup 2026” at a ceremony celebrating Vietnam Entrepreneurs’ Day (October 13). The event took place on the evening of October 11, 2026, at the National Convention Center in Hanoi.
(vasep.com.vn) The global tilapia market is becoming increasingly segmented, not only among producing countries but also by product type and destination market. Supply is divided into groups with distinct competitive advantages: large volumes of whole fish and frozen fillets from Asia, high-value fresh fillets from Latin America, and substantial domestic consumption in several major producing countries.
(vasep.com.vn) Vietnam’s tuna exports to the UK grew in the first eight months of 2026, despite signs of slowing import demand in the market. However, sharp fluctuations in orders, competition from major suppliers, and new traceability requirements are creating challenges for Vietnamese exporters.
(seafood.vasep.com.vn) Vietnam is stepping up efforts to combat illegal fishing, protect marine ecosystems, expand digital monitoring, and develop science-based management to ensure the sea can support communities and the economy for generations to come.
(seafood.vasep.com.vn) The EU remains a critical market for Vietnamese shrimp; however, purchasing demand and import patterns are undergoing notable changes. According to Vietnam Customs data, as of September 15, 2026, Vietnam’s shrimp exports to the EU reached nearly $374 million, down 5% year-over-year and accounting for 10.7% of the country’s total shrimp export value. Meanwhile, the EU’s stotal shrimp imports through July 2026 contracted by 7% in volume, exhibiting divergent trends across Southern Europe, Northwestern Europe and Eastern Europe. These dynamics necessitate that Vietnamese enterprises closely monitor individualized market demand, rather than approaching the EU as a monolithic consumer block.
(seafood.vasep.com.vn) In the first eight months of 2026, Vietnam’s exports of surimi and fish cakes remained relatively stable year-over-year compared to 2025. Following a contraction in the initial months, export performance demonstrated improvement from June onward, peaking in August. However, the recovery has been uneven, characterized by divergent trends across major markets: robust growth was recorded in China, Japan, Malaysia, the United States, and Taiwan, whereas export volumes to South Korea, Indonesia, and select European markets contracted.
(seafood.vasep.com.vn) Pangasius remains one of Dong Thap’s key aquaculture species, with the province focusing on developing an integrated value chain covering seed production, commercial farming, deep processing and by-product utilization. The province is promoting high-tech, circular pangasius farming models featuring reduced water exchange and enhanced biosecurity, aiming to improve production efficiency and strengthen control over raw material quality.
(vasep.com.vn) Vietnam’s seafood exports in September 2026 are estimated at US$1.135 billion, up 11.9% year-on-year, bringing total exports in the first nine months of the year to US$9.103 billion, up 11.4%. Behind this double-digit growth, however, increasingly divergent market trends are emerging: China–Hong Kong and ASEAN posted strong growth, while the U.S., EU and Japan all recorded declines in September.
(vasep.com.vn) In the first eight months of 2026, Brazil became the largest market for Vietnamese tilapia, with export value reaching US$44 million, up 22,142% year-on-year and accounting for 49% of Vietnam’s total tilapia exports. In August alone, exports to Brazil reached US$4 million. However, behind this remarkable growth is a market that is imposing increasingly stringent requirements on imported supplies.
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